WPCS 2.1.2
Tuition Fees:$3,545 for the full programme
Applications Begin:March 2020
Final Award:Bachelor of Commerce
Start Date:February 2021
Academic Unit:Faculty of Commerce, Law and Management
Campus:West Campus
Application Deadline:
Programme Overview

Insurance is how companies and individuals protect themselves against the risk of loss, and against loss itself. This may involve property, life, health, or income. Insurance is a form of risk management.

Risk management refers to the way in which risks are identified, assessed, and prioritised, and the means used to minimise, monitor, and control the threat posed by unpredictable events.


Major Combinations

  • Economics
  • Finance
  • Law
  • Management
Admission Requirements

English Home Language OR First Additional Language
Level 5
Level 5
Wait listing
Applicants with an APS of 35-38, as well as English 6 and Mathematics 6, will be wait-listed subject to place availability.

International Students

Once you have been accepted to study at the University of the Witwatersrand, Johannesburg you need to meet some requirements:

  • Letter of Acceptance from the University, accept the offer on the Student Self Service Portal.
  • Valid Passport
  • Apply for the Study Visa.  When collecting your Study Visa, check the date of issue and expiry. Ensure that the visa is issued for the University of the Witwatersrand, Johannesburg or any of its variations
  • Apply for South African Medical Aid Cover with a registered South African Medical Aid Provider until 31 December (Refer to Medical Aid section under “Immigration Information“)
  • Make travel arrangements to come to travel to South Africa
  • Arrange for funds for fees and living expenses.  The payment for the tuition fees, related costs and on-campus accommodation (if applicable) must be done in advance
  • Arrange for a shuttle transfer to Wits University or place of residence.
  • Students should bring their Original School Leaving Certificates and /or Tertiary Qualifications for Matriculation Exemption
Career Opportunities
  • Appraiser
  • Asset Manager
  • Claims Adjustor
  • Compliance Officer
  • Insurance Analyst
  • Insurance Broker
  • Financial Advisor
  • Sales Representative
  • Underwriter

Wits offers professional development in this field outside of actuarial science studies. There is a high demand for graduates with insurance and risk management knowledge in senior management positions within this industry.

Tuition Fees Details
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Tuition Fees for South African and SADC Students: $3,545
Tuition Fees for International Students: $7,091

The amounts listed may exclude fees related to textbooks, study notes, excursions and lab fees.
All international students (those who are not South African citizens or who do not have permanent residence status in South Africa) are required by the Department of Home Affairs to provide proof of available funds for the tuition fee for the academic year prior to receiving his/her study visa.

Students from the Southern African Development Community (SADC) member countries pay annual local tuition fees and related costs. The SADC member countries are Angola, Botswana, Comoros, Democratic Republic of Congo, Eswatini, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, Tanzania, Zambia and Zimbabwe.

75% of the annual tuition fee is payable on or before registration, as well as 75% of the on-campus accommodation fee. This payment includes the annual tuition fees and other related costs. The balance of the fees is payable by 31 March for undergraduate students.
This excludes students with Refugee status.
It should be noted that International undergraduate students from outside of SADC pay double the local tuition fees.

Relevant Contact

Patricia Nowlotha
Undergraduate Studies and Enquiries
Sara Kapay
Undergraduate Studies and Enquiries