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Yes, the turnaround in actuarial positions (time people remain in one job before moving on to a new one) is very short. Companies are thus in competition with one another for actuarial staff, which drives the price up as well. Just remember that the effect of affirmative action could mean that certain ethnological groups find it harder to get a job

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How many actuaries are currently in South Africa?

As of my last update, there were approximately 1,000 qualified actuaries in South Africa. This number can fluctuate due to new entrants into the profession and those retiring or leaving the field. For the most accurate and up-to-date information, it's best to refer to the Actuarial Society of South Africa or similar professional organizations.


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As of 2023, actuaries in South Africa typically earn between R500,000 and R1,200,000 per year, depending on their level of experience, specialization, and the industry they work in. Entry-level positions usually start around R350,000, while senior actuaries and those in leadership roles can earn significantly more. The demand for actuaries in sectors like insurance, finance, and consulting contributes to competitive salaries.


How many black actuaries in SA?

As of recent reports, the number of Black actuaries in South Africa has been steadily increasing, but they still represent a small percentage of the total actuarial workforce. In 2021, approximately 7% of the country's 3,000 registered actuaries were Black, highlighting ongoing challenges related to diversity and representation in the profession. Various organizations and initiatives are working to promote greater inclusivity and support for aspiring Black actuaries.


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Yes, US citizens need a visa to visit South Africa.


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