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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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Where passion and compassion meet
21 April, 2017

As the oldest of seven children, the pressure was on for Malilimalo Phaswana when he decided to pursue a degree in actuarial science at UCT.

Upon his arrival, he heard about a programme that provided extra training and support. Given the difficulty of his chosen course, the decision to enter the Education Development Unit (EDU) was a no-brainer.

“When I saw all of the services they offer, I thought: ‘Wow, they actually do this for students? It’s excellent.’”
If he had known about the programme before arriving, he would have been a great deal less nervous about the jump to university.

Now, in the first year of his academic articles in the college of accounting, Phaswana is full of compliments for the EDU programme and its dedicated staff.


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R10 million to develop financial skills
20 April, 2017

The development of much-needed skills for the financial services sector in South Africa has been given a boost by a collaborative donation of R10 million over five years from Nedbank and Old Mutual to the African Institute of Financial Markets and Risk Management (AIFMRM) in the Faculty of Commerce at the University of Cape Town (UCT).

AIFMRM director, Professor David Taylor, says that the university is delighted with the endowment and notes that a significant number of the major banks and insurance companies in South Africa have now invested in the institute.

In a further show of support, the Banking Sector Education and Training Authority (BANKSETA) contributed over R5.25 million in bursary funding for AIFMRM in 2017.


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Tutpack to connect UCT students and tutors
01 March, 2017

The search for the perfect tutor has become an easier task thanks to Tutpack, a web application that simplifies transactions between students and tutors within UCT.

Tom Masojada developed an interest in programming during his final year of school. He and his business partner, who works on the development side, have been working on the Tutpack platform over the last six months.

Originally from Durban, Masojada relocated to Cape Town to pursue his studies.“I was attracted to UCT because I wanted to be in Cape Town and because UCT has a global reputation for academic excellence,” he says.

“There is an obvious need for university students to be able to arrange extra lessons. The only options previously available to students were the tutoring agencies, or finding someone they knew with the skills to teach them. These are very limited options,” says Masojada.


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