The Amathuba Learnership is a structured 12-month programme for unemployed South African matriculants who want to build a career in the financial services industry. Offered by Old Mutual, the programme combines workplace experience with accredited training, giving participants practical skills and a nationally recognised qualification.
What Is the Amathuba Learnership?
The Amathuba Learnership is designed for first-time job seekers who have completed Grade 12 and are interested in finance, insurance, or wealth management.
Over 12 months, successful applicants will:
- Gain practical workplace experience
- Attend structured classroom training
- Learn about financial products, legislation, and compliance
- Develop professional workplace skills
- Participate in Corporate Social Investment (CSI) initiatives
On successful completion, learners receive a National Certificate: Wealth Management (NQF Level 4), a qualification recognised within South Africa’s financial services industry.
Benefits of the Learnership
Nationally Recognised Qualification
Participants earn a:
- National Certificate: Wealth Management (NQF Level 4)
- Qualification recognised by Financial Services Providers (FSPs)
- Credential that builds transferable skills for the financial sector
Career Opportunities
The qualification can prepare learners for entry-level roles such as:
- Underwriting Assistant
- Financial Adviser Support
- Insurance Administrator
- Brokerage Support
- Wealth Management Administrator
- Client Service Consultant
These roles provide valuable experience and can serve as a stepping stone to long-term careers in financial services.
What You’ll Learn
The programme combines classroom learning with practical workplace experience to develop both technical and professional skills.
Learners gain exposure to:
- Financial products and services
- Financial services legislation and compliance
- Customer service and client relationship management
- Workplace communication and professionalism
- Corporate Social Investment (CSI) projects
Support Throughout the Programme
Buddy System
Each learner is paired with a workplace buddy who helps them:
- Settle into the workplace
- Understand company culture
- Build confidence in a professional environment
Mentorship
Learners also receive guidance from experienced professionals who provide career advice and practical industry knowledge throughout the programme.
Who Can Apply?
Applicants must meet all of the following requirements:
- Be a South African citizen
- Be between 18 and 28 years old
- Be unemployed
- Not be studying towards another qualification
- Not have previously completed a Wealth Management NQF Level 4 learnership
- Have passed Grade 12 (Matric) or an equivalent NQF Level 4 qualification
Minimum Academic Requirements
Applicants must have achieved at least 50% in:
- English
- One additional official South African language
- Pure Mathematics or Mathematical Literacy
Meeting the minimum requirements does not guarantee selection.
Application Process
Applications for the current intake are closed. When applications reopen, the process typically includes the following stages:
1. Submit Your CV
Your CV should include:
- Full personal details
- Nationality
- Age
- Gender
- Residential address
- Matric subjects and results
- Disability status (if applicable)
- Any completed or incomplete qualifications
- Contact details
Ensure all information is accurate and up to date.
2. Online Assessments
Shortlisted applicants complete online assessments that evaluate their suitability for the programme.
3. Video Interview
Candidates who pass the assessments may be invited to submit a recorded video interview.
4. Final Interview
Successful candidates attend a final interview with hiring managers.
5. Offer of Placement
Successful applicants are usually contacted after the recruitment process is completed and receive information about the learnership, including the monthly stipend and start date.
Important Information
Keep the following in mind before applying:
- The programme is highly competitive.
- Meeting the minimum requirements does not guarantee selection.
- Submit a complete and error-free CV.
- You may only complete the Wealth Management NQF Level 4 learnership once.
Financial Services Industry Outlook
South Africa’s financial services industry continues to evolve, creating opportunities for skilled young professionals.
Current trends include:
- Growth in digital banking and online financial services
- Increased demand for compliance and regulatory knowledge
- Expansion of financial technology (FinTech)
- Greater focus on sustainable and responsible investing
The Amathuba Learnership provides practical skills that align with these industry developments.
Common Application Mistakes
Improve your chances by avoiding these common errors:
- Submitting an incomplete CV
- Including spelling or grammar mistakes
- Providing incorrect contact details
- Omitting Matric results
- Failing to prepare for assessments and interviews
A professional, well-organised application creates a stronger first impression.
How to Prepare Before Applications Reopen
Use this time to strengthen your application by:
- Updating your CV.
- Researching careers in finance and insurance.
- Building professional connections through LinkedIn.
- Practising aptitude tests and interview questions.
- Monitoring Old Mutual’s careers page for future opportunities.
Final Thoughts
If you are a young South African matriculant with little or no work experience and an interest in finance, insurance, or wealth management, the Old Mutual Amathuba Learnership is an excellent opportunity to gain industry experience while earning an accredited qualification.
Although applications for the current intake are closed, preparing your CV and monitoring future recruitment opportunities will help you apply as soon as applications reopen.
For the latest information and future application opportunities, visit Old Mutual’s official careers website when new learnerships are advertised.