Old Mutual Amathuba Learnership Programme 2026

Old Mutual Amathuba Learnership Programme 2026

Table of Contents

  1. About the Programme
  2. What Will You Learn (Eligibility)
  3. Key Details & Salary Estimates
  4. Related Articles
  5. Minimum Requirements
  6. Required Documents
  7. Closing Date
  8. Why Does It Matter?
  9. Frequently Asked Questions (FAQs)
  10. How to Apply
  11. Final Thoughts

1. About the Programme

financial sector opportunities in South Africa, the Old Mutual Amathuba Learnership Programme 2026 stands out as a gateway into wealth management, life insurance, and financial risk advisory. Designed for ambitious youth, this 12-month learnership bridges theoretical education and practical workplace experience. Successful learners earn a nationally recognized Wealth Management NQF Level 4 Qualification, accredited and recognized by the Financial Sector Conduct Authority (FSCA).

2. What Will You Learn (Eligibility)

Enrolled learners receive structured mentoring and hands-on exposure to high-yield financial industry skill sets, including:

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  • Wealth Management & Portfolio Basics: Understanding life assurance, retirement planning, unit trusts, and personal financial management.
  • Underwriting & Risk Analysis: Assessing client risk profiles, brokerage operations, and insurance claim processes.
  • Financial Legislation & Ethics: Deep understanding of the FAIS Act, FICA regulatory standards, and corporate governance.
  • Corporate Social Investment (CSI): Engaging in financial literacy projects that impact local communities.

3. Key Details & Salary Estimates

Parameter Details
Job Requisition ID JR-83445
Locations Pinelands (Cape Town) & Johannesburg
Workplace Type Full-time (12 Months)
Qualification Wealth Management NQF Level 4 (FSP Accredited)
Estimated Stipend/Salary R5,500 – R8,500 per month (Industry standard for NQF 4 Financial Learnerships)
Start Date 01 October 2026

4. Related Articles

Stay updated with top career opportunities and financial sector learnerships on Shosha News:

5. Minimum Requirements

To qualify for this finance and insurance learnership, candidates must meet the following criteria:

  • Citizenship & Age: South African citizen aged between 18 and 30 years.
  • Employment Status: Currently unemployed and not enrolled in any other tertiary institution.
  • Prior Qualification: Must not have previously completed a Wealth Management NQF Level 4 learnership.
  • Education: Passed Grade 12 (Matric) or NQF 4 equivalent with at least 50% in English, 50% in an official second language, and 50% in Pure Mathematics OR Mathematical Literacy.
  • Availability: Ready to start full-time on 01 October 2026.

6. Required Documents

Have the following clear, certified documents prepared prior to starting your online application:

  1. Updated Curriculum Vitae (CV) and a One-Page Summary CV.
  2. Certified copy of South African Identity Document (ID).
  3. Certified copy of Matric / Grade 12 results or equivalent certificate.

7. Closing Date

  • Application Deadline: 07 September 2026 at 23:59
  • Shortlisting Feedback: If you have not heard from Old Mutual by 11 September 2026, consider your application unsuccessful.

8. Why Does It Matter?

The insurance, banking, and wealth management sector offers high-income potential and career longevity. Securing an accredited NQF Level 4 Wealth Management qualification provides a stepping stone toward becoming a licensed Financial Advisor, Risk Underwriter, or Insurance Broker without needing a prior university degree.

9. Frequently Asked Questions (FAQs)

Q1: Is the Old Mutual Amathuba Learnership allowance taxable?

Yes, learnership stipends fall under standard South African tax laws (PAYE), although most stipends fall below the annual tax threshold.

Q2: What happens after completing the 12-month program?

Graduates earn an accredited qualification and gain industry experience, making them eligible for permanent corporate roles within insurance brokerages and financial institutions.

Q3: What are the selection steps after applying?

Shortlisted applicants complete Odyssey psychometric assessments, followed by a Wamly one-way video interview and a final team interview.

10. How to Apply

  1. Go to the official Old Mutual careers portal.
  2. Search for Requisition ID: JR-83445 (Amathuba Learnership Programme 2026).
  3. Upload your updated CV, 1-page summary, certified ID, and Matric results.
  4. Complete all background questions accurately before 07 September 2026.

Apply Old Mutual Amathuba Learnership Programme 2026

11. Final Thoughts

The Old Mutual Amathuba Learnership 2026 is a valuable entry point into South Africa’s financial services industry. If you meet the 50% Mathematics and Language requirements, submit your application before the 07 September deadline to kickstart your corporate career in financial planning and risk management.