WHO WE ARE
The South African Actuaries Development Programme (SAADP) is an independent, non-profit company established with the backing of Sasria SOC Limited. The programme seeks to actively address the problem of the acute shortage of black actuarial professionals in South Africa. We do this by unearthing and harnessing mathematical and analytical skills amongst black students in order to expose and help them to capitalise on career opportunities in the field of Actuarial Science.
We create greater awareness, understanding and appreciation of Actuarial Science as a field of study. After careful selection, students receive a comprehensive bursary and support for their studies over a four year period. The entire process, from selection through to graduation, is carefully structured so as to serve the objectives of the programme.
The South African Actuaries Development Programme (SAADP) was established in 2003 with the specific aim of developing black Actuaries of South African origin. The programme was established with the financial seed from Sasria SOC Ltd. At the time, there were approximately 500 practising actuaries in South Africa and just over 900 actuarial graduates. None of these were black South African citizens.
It was for this reason that the then Chairman of the Sasria SOC Ltd. the (now) Honourable President of the Republic of South Africa, Mr Cyril Ramaphosa saw the need for the development of black actuarial skills in South Africa to benefit the South African economy. This is the driving force behind the Programme.
To be a significant role player in improving the demographics of the actuarial profession in SA.
To create awareness of and inspire young black students to enter the actuarial profession;
- To provide access to the profession;
- To provide holistic support to students during their studies;
- To encourage ongoing participation in studies leading to qualification as actuaries;
- To drive continued post-qualification participation in the profession.
- Proudly South African
- Supportive and nurturing