SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED QUALIFICATION: 

Postgraduate Diploma in Actuarial Science 
SAQA QUAL ID QUALIFICATION TITLE
5199  Postgraduate Diploma in Actuarial Science 
ORIGINATOR
University of Cape Town 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
CHE - Council on Higher Education  HEQSF - Higher Education Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
Postgraduate Diploma  Field 10 - Physical, Mathematical, Computer and Life Sciences  Mathematical Sciences 
ABET BAND MINIMUM CREDITS PRE-2009 NQF LEVEL NQF LEVEL QUAL CLASS
Undefined  120  Level 7  NQF Level 08  Regular-Provider-ELOAC 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Registered-data under construction  EXCO 0324/24  2024-07-01  2027-06-30 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2028-06-30   2031-06-30  

Registered-data under construction

The qualification content is currently being updated for the qualifications with the status “Registered-data under construction” or showing “DETAILS UNDER CONSTRUCTION” to ensure compliance with SAQA’S Policy and Criteria for the registration of qualifications and part-qualifications on the National Qualifications Framework (NQF) (As amended, 2022). These qualifications are re-registered until 30 June 2027 and can legitimately be offered by the institutions to which they are registered.

 

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Recognition of Prior Learning (RPL):
The institution conducts RPL in terms of the policy and guidelines of the institution to recognise other forms of formal, informal and non-formal learning and experience. In cases where learners do not comply with the formal admission requirements, the institution applies its RPL policy.

Entry requirements:
The minimum entry requirement for this qualification is:
  • Advanced Diploma in Actuarial science, NQF Level 7. 
    		•

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    EXIT LEVEL OUTCOMES 
    1. Study and understand the South African business environment.
    2. Apply classical and contemporary management theory to a variety of organisational environments.
    3. Analyse and construct logical arguments and competing viewpoints.
    4. Research business issues.
    5. Form independent and research-based opinions about contemporary issues of theory and practice.
    6. Understand and apply the fundamentals of the financial aspects of a business and the environment in which that business operates.
    7. Operate an IBM-compatible personal computer. 

    ASSOCIATED ASSESSMENT CRITERIA 
    The following associated assessment criteria apply across all Exit Level Outcomes:
  • Utilise the Windows operating system and work competently with Windows-based data management, word processing and spreadsheeting applications to create, edit, save and print documents to professional industry standard;
  • Apply appropriate information technology to a variety of organisation situations;
  • Correspond through the use of electronic mail;
  • Conduct internet-based research;
  • Analyse and interpret the marketing process considering current trends in the South African context;
  • Formulate a marketing strategy that supports the objectives of an organisation using the marketing concept, target marketing and the marketing mix.

    Integrated Assessment:
    The learner will be assessed specifically on foundational competencies in critical literacy, critical reasoning, a high level of numeracy in all courses through a mixture of formal examinations and group tutorials.

    In all such assignments, a learner's performance will be assessed based on his or her:
    i) Demonstration of ability to organise ideas and facts logically and coherently.
    ii) Ability to integrate numerical data into prose, descriptions and arguments.

    The learner will be explicitly assessed on practical competencies in the ability to identify, assess and formulate and solve convergent and divergent problems related to actuarial practice. Such competence is assessed through written examinations and group classwork. 
    		•

    ARTICULATION OPTIONS 
    This qualification offers both possibilities of horizontal and vertical articulation.

    Horizontal Articulation:
  • Bachelor of Science Honours in Actuarial Science, NQF Level 8.
  • Postgraduate Diploma in Mathematical Statistics, NQF Level 8.

    Vertical Articulation:
  • Master of Science in Actuarial Science, NQF Level 9. 
    		•

    MODERATION OPTIONS 
    N/A 

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2006; 2009; 2012; 2015. 

    NOTES 
    N/A 

    LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: 
     
    NONE 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. University of Cape Town 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.