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Welcome to the home page of the Actuarial Science Department which is part of the School of Management Studies within the Faculty of Commerce.

The University of Cape Town is the oldest university in South Africa and is situated at the foot of Devil's Peak in one of the most beautifully located cities in the world. More importantly the University has been consistently rated amongst the top research institutions in South Africa.

The Actuarial Science section is primarily concerned with teaching actuarial courses to students hoping to qualify as actuaries and with research into a wide range of actuarially related fields. Some students combine actuarial courses with finance courses in order to focus on quantitative finance.

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Latest News

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Commerce Researchers captivate in TED-style talks
05 October, 2018

Six dynamic researchers have reflected the diversity of the university’s Faculty of Commerce in Ted-style talks. They revealed their newly published research to an audience of alumni, staff and students in the Commerce Alumni Lecture Series 2018.

The researchers were challenged to unpack their research in an accessible way within 15-minute time slots.

Acting Deputy Dean: Research, Dr Sure Mataramvura, said the series aimed to stimulate research and showcase the work of the faculty. A thread of engaged research and transformation wove through all six presentations.

The series was prompted by a member of UCT’s Cape Town Alumni Chapter, Laurence Gawronsky (BBusSc, 1979), who was keen to hear more about the work of his alma mater.

“There is excellent work being done in the faculty, but it’s a bit of a secret. This is a way for alumni to be more actively engaged in the life of the university,” said Gawronsky.

First up to deliver her 15-minute lecture was Associate Professor Ines Meyer. Drawing on her work in Organisational Psychology, Meyer reflected on the changing nature of work.


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Food for Inclusion
31 August, 2018

In August, Nikki Cavernelis, an Administrative Officer in Actuarial Science, travelled to Canada to present her paper “Food for Inclusion” at the 11th Equality, Diversity and Inclusion (EDI) conference at the University of Montreal.

Drawing on the School of Management Studies as a case study, she put forward the argument that food can create opportunities for building inclusive and sustainable relationships in the workplace.

In this way, food can serve as a “tool” for social transformation and minimize some of the discomfort, unease and inequality associated with diversity.


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Financial maths duo’s big win
25 July, 2018

Master’s in financial maths students Cole van Jaarsveld and Bandile Mbele helped their international team clinch a coveted trophy by solving an investment problem for a Zurich private markets firm at the annual Financial Mathematics Team Challenge (FMTC).

In its fifth year, the challenge was held in Cape Town recently. It required a combination of the talents of students and practitioners to find solutions to some of the finance industry’s most pressing problems.

Teams included master’s and PhD students from University College London, Oxford University and ETH Zurich. Each team had seven days to come up with solutions and two days of presentations before the winner was chosen.

The UCT duo’s team worked on a solution for optimal investment timing in illiquid private markets, a problem posed by Zurich firm StepStone.


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