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Finance & Banking

Actuary

Explore the skills involved, compare routes and decide what you would like to learn next.

Skills to explore

What could you build on?

  • Actuarial Science
  • Risk Modelling
  • Prophet / R / Python
  • ASSA Fellowship
  • Life & Non-Life Insurance
  • Solvency II

Use this as a starting point. Specific responsibilities and requirements vary by employer and specialisation.

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Indicative salary information

R55 000–R215 000

Per month in South Africa. This range is not a guaranteed starting salary or a live vacancy.

Basis: Market estimate
Catalogue refreshed: August 2026

Experience, location, hours and employer affect pay. A gazetted basis refers to wage-floor modelling, not a legally prescribed range for this role.

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Compare ways to get there

Check the entry route

The catalogue lists NQF level 8 as indicative. Check specific qualifications, practical experience and any professional registration with the institution or employer.

School & study guidance →

Make room for real life

Compare tuition, transport, equipment and study time. Ask providers about flexible study and recognition of prior learning where applicable.

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Explore support

Check bursaries, training and work-based routes. Confirm eligibility and dates directly with each provider.

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Other possibilities to explore

About the information on this page

Catalogue references: Robert Walters SA Salary Guide 2026 · Stats SA QES Q1 2026 · National Minimum Wage (1 Mar 2026). Salary data may include estimates. Listed skills and NQF levels are guidance, not admission or hiring decisions. Confirm requirements with your chosen provider.

CareerIntel SA helps you explore options; it cannot guarantee admission, funding, employment or a salary.

Actuary in South Africa — Skills, Routes & Pay