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Postgraduate Diploma in Actuarial Science

The programme is aimed at graduates who have completed the CT-series of the Institute and Faculty of Actuaries (UK) OR, equivalently, the A100- and A200-series of the Actuarial society of South Africa (AS) and now intend to study the material for the A300-, F100- and F200-series of AS examinations (OR the CA-, ST- and SA-series of the UK).

Students performing at an acceptable level (usually over 60%) in the final examinations will be recommended for exemption from the equivalent examinations of the UK and AS.

The following may be admitted as candidates for the Diploma:

Graduates of this or any other university recognised for this purpose by the Senate who have credit for (passed or exempted from) subjects CT1 – CT8 of the UK OR, equivalently, subjects A100 and A200 of the AS.

The Diploma may be done full-time (typically one year), but is often done part time (typically over two years).

Structure of the Diploma:
Candidates will be required to complete courses worth at least 126 credits, of which 72 credits must come from the following coursework:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

Course CodeCourse NameAS CourseUK CourseNQF CreditsHEQSF Level
BUS5024FHealth & CareF101N/A369
BUS5018FLife InsuranceF102ST2369
BUS5040SGeneral InsuranceF103N/A369
BUS5035SSpecialist  Finance & InvestmentF105ST5369
BUS4027WActuarial Risk ManagementA301CA1548
BUS4034SProfessional CommunicationA302N/A278

Courses are offered in conjunction with the University of Stellenbosch.

Readmission Rules:
Pass at least one course per year. Courses may only be repeated once. There are no supplementary examinations. The Diploma must be completed within 3 years.

Credit for courses completed at another University or Institution:
A candidate may apply for up to 54 credits in respect of courses passed at another university or institution (recognised for that purpose by the Senate). In particular the F100-series of the AS and the ST-series of the UK would count 36 credits, while the F200-series of the AS and SA-series of the UK would count 54 credits.

Where a candidate has previously passed BUS4027W as part of an undergraduate degree at this university, this will only count for 27 credits, even if it is repeated.

The Diploma may be awarded with distinction if an average of 75% is achieved for all the specified courses. Credits given from another institution would count 60% in the calculation.


Mr. Pieter Botha
Postgraduate Student Advisor
Actuarial Science Section
School of Management Studies
University of Cape Town
Private Bag
Rondebosch. 7700