If you’re a high-achieving student in South Africa with dreams of becoming a Chartered Accountant (CA), the Old Mutual Chartered Accounting Bursary Programme 2026 is one of the most prestigious opportunities available. Offering more than just financial aid, this program is a career-accelerator that provides full funding, mentorship, and a guaranteed pathway into one of Africa’s largest financial institutions.
With the 2026 application window now open, this guide breaks down everything you need to know—from eligibility and funding to the unique “Selection Day” process.
Why the Old Mutual Bursary is a Top Choice in 2026
In 2026, the financial services sector remains a pillar of the South African economy. However, the path to becoming a CA(SA) is notoriously expensive and academically rigorous. The Old Mutual bursary matters because it removes the “financial noise,” allowing you to focus entirely on your studies.
Unlike standard government funding or general bursaries, Old Mutual provides a holistic ecosystem. This includes emotional support, networking with senior executives, and vacation work that gives you a head start in the corporate world.
What Does the Bursary Cover?
The financial support provided by Old Mutual is comprehensive. It is designed to ensure that students from all over South Africa can attend the best universities without worrying about the cost of living.
Full Funding Benefits:
- 100% Tuition Fees: Paid directly to the university.
- Study Materials: Allowance for textbooks and necessary technology.
- Accommodation: Residence fees covered in full.
- Meal Allowance: Monthly stipend for food and groceries.
- Travel: Return flights home for students studying outside their hometown.
- Performance Incentives: Additional financial rewards for students who maintain exceptional grades.
For students looking for other funding options, you can also explore the list of available SETA bursaries to compare coverage and requirements.
Eligibility Criteria: Do You Qualify?
To maintain the high standards of the Old Mutual Chartered Accounting Training (OMCAT) programme, the entry requirements are strictly academic.
Minimum Requirements:
- Citizenship: You must be a South African citizen.
- Mathematics: A minimum of 70% (Mathematical Literacy is not accepted for this stream).
- English: At least 60% for English Home Language (HL) or 70% for First Additional Language (FAL).
- University Acceptance: You must have a provisional or firm offer for a SAICA-accredited degree.
- Career Commitment: A clear desire to qualify as a Chartered Accountant and complete your articles with Old Mutual.
Approved SAICA-Accredited Universities
You must be enrolled in a BCom Accounting (or equivalent) program at one of these recognized institutions:
| University | Region |
| University of Cape Town (UCT) | Western Cape |
| University of the Witwatersrand (Wits) | Gauteng |
| University of Pretoria (UP) | Gauteng |
| Stellenbosch University | Western Cape |
| Rhodes University | Eastern Cape |
| North-West University (NWU) | North West |
| University of Johannesburg (UJ) | Gauteng |
| University of KwaZulu-Natal (UKZN) | KwaZulu-Natal |
| University of South Africa (UNISA) | National/Distance |
| Milpark Business School | National/Distance |
For a full list of vocational training centers, check out our guide on TVET Colleges in South Africa.
The 2026 Application Process: Step-by-Step
Applying for an Old Mutual bursary is a multi-stage process that tests both your academic ability and your personality fit.
1. Online Submission
Visit the Old Mutual Careers Portal and search for “Chartered Accounting Bursary.” Ensure you use a valid email address as all communication will be digital.
2. Motivation and CV
You are required to submit a one-page CV and a Bursary Motivation Form. In your motivation, don’t just say you “like math.” Explain how you plan to use your CA qualification to impact the African economy.
3. Gamified & Psychometric Assessments
Successful initial applicants will receive a link to a gamified assessment. This isn’t a math test; it’s a way for Old Mutual to see how you solve problems, handle pressure, and make decisions in a digital environment.
4. Selection Day
Shortlisted finalists are invited to a Selection Day. This involves interviews with the OMCAT leadership team and group exercises. It is your chance to show the “person behind the grades.”
Required Documents Checklist
Ensure you have high-quality scans of the following:
- Certified copy of your South African ID.
- Grade 10, 11, and latest Grade 12 results.
- Matric Certificate (if already completed).
- University acceptance letter.
- Full academic transcript (for current university students).
Career Impact: The OMCAT Programme
The “Gold Standard” of this bursary is the OMCAT (Old Mutual Chartered Accounting Training) programme. Once you graduate with your PGDA (Postgraduate Diploma in Accounting), you don’t have to scramble for a training contract.
You will enter your 3-year articles within Old Mutual, gaining exposure to:
- Group Finance & Reporting
- Asset Management
- Risk & Governance
- Emerging Technologies (AI in Finance)
According to Payscale South Africa, an entry-level CA(SA) can expect a starting total compensation of approximately R348,000 to R500,000 per year, depending on the sector.
Key Dates for 2026
- Application Deadline: 30 May 2026
- Shortlisting Phase: June 2026
- Final Feedback: 15 July 2026
- Contract Signing: September – October 2026
Note: If you haven’t heard back by 31 July 2026, your application has likely been unsuccessful for this cycle.
5 Expert Tips for a Successful Application
- Grade Consistency: Old Mutual looks for “upward trends.” If your marks improved from Grade 11 to 12, highlight that resilience.
- Leadership: Mentioning you were a prefect, a captain, or a community volunteer shows the “soft skills” CAs need.
- Research the Company: Know Old Mutual’s values (Accountability, Diversity, Customer Focus). Mentioning these in your interview shows you’ve done your homework.
- Prepare for the Assessment: While gamified tests are “fun,” take them in a quiet room with a stable internet connection.
- Check Internal Links: For more career-specific advice, see how SETA programs bridge the gap to employment.
FAQs
1. Who qualifies for the Old Mutual Chartered Accounting Bursary Programme 2026?
To qualify, applicants must be South African citizens with strong academic results, including at least 70% in Mathematics and 60–70% in English. They must also be accepted into a SAICA-accredited university and committed to pursuing a Chartered Accounting career.
2. What does the Old Mutual bursary cover?
The bursary covers full tuition fees, accommodation, meals, study materials, and travel costs if studying away from home. High-performing students may also receive additional financial incentives.
3. Which universities are accepted for the bursary programme?
Applicants must be accepted into SAICA-accredited institutions such as University of Cape Town, University of Pretoria, or University of the Witwatersrand, among others listed in the programme requirements.
4. How do I apply for the Old Mutual Accounting Bursary?
You need to apply online, complete a bursary motivation form, and submit required documents like your CV, school results, and ID. Shortlisted candidates will go through assessments and interviews before final selection.
5. Does the bursary guarantee a job after graduation?
Yes, successful candidates who complete their studies will enter the Old Mutual Chartered Accounting Training Programme (OMCAT), which provides structured work experience and leads to a career within Old Mutual.
Final Thoughts
The Old Mutual Chartered Accounting Bursary is more than a financial grant; it is a partnership. By joining this programme, you align yourself with a legacy of excellence that dates back over 175 years.
If you are ready to put in the work, manage the long hours of study, and eventually lead in the boardroom, start your application today. For more information on professional designations, you can visit the South African Institute of Chartered Accountants (SAICA).
Don’t wait until the deadline—apply now and secure your future in the world of finance.
Ncebakazi Xatula is an Opportunities Researcher and Writer at Setasite, where she focuses on South African learnerships, skills programmes, bursaries, and youth employment pathways. Her work is dedicated to helping matriculants, students, and job seekers clearly understand how the country’s skills development system works and how to apply successfully for verified opportunities.
She specializes in breaking down complex SETA processes into practical, step-by-step guidance that first-time applicants can follow with confidence. Her research involves reviewing publicly available information from Sector Education and Training Authorities (SETAs), accredited training providers, employers, and official institutional sources to ensure content remains accurate and locally relevant.
Ncebakazi’s areas of focus include learnership requirements, application preparation, skills programme opportunities, and common mistakes that prevent applicants from being shortlisted. She is particularly passionate about improving access to reliable opportunity information for young people entering the South African job market.
At Setasite, her editorial approach prioritizes clarity, responsible reporting, and people-first usefulness to support readers making informed career decisions.
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