Amathuba Learnership: A 12-Month Opportunity for Unemployed Matriculants
The Amathuba Learnership is a structured 12-month workplace and classroom programme designed for unemployed South African matriculants with no work experience. It offers participants the chance to gain a Wealth Management NQF Level 4 qualification, which is FSP-recognised, opening doors to multiple careers in the financial services sector.
The programme is offered by Old Mutual and focuses on developing young talent through real-world exposure, mentorship, and formal training.
⚠️ Applications for the 2025 intake closed on 30 March 2025.
This guide explains what the learnership is, who qualifies, and how the process works so you can prepare for future intakes.
What Is the Amathuba Learnership?
The Amathuba Learnership is aimed at first-time job seekers who have completed matric and want to enter the finance and insurance industry.
Over 12 months, learners:
- Work in a professional environment
- Attend structured classroom training
- Gain exposure to financial products and legislation
- Participate in corporate social investment (CSI) projects
On completion, learners obtain a Wealth Management NQF Level 4 qualification, recognised for work in Financial Services Provider (FSP) environments.
What’s in It for You?
Recognised Qualification
- Wealth Management NQF Level 4
- FSP-recognised
- Industry-relevant and transferable
Career Pathways Opened
The qualification can lead to roles such as:
- Underwriting assistant
- Financial investment adviser support
- Insurance brokerage roles
- Entry-level finance and wealth management positions
The Learning Experience
12-Month Structured Programme
- Combination of workplace experience and classroom learning
- Designed to build both technical and professional skills
Real-World Exposure
Learners gain experience in:
- Financial products
- Industry legislation
- Client-focused environments
- Corporate social investment (CSI) initiatives
Support During the Learnership
Buddy System
Each learner is allocated a buddy to help:
- Adjust to the workplace
- Understand company culture
- Transition smoothly into professional life
Professional Mentorship
Learners work alongside experienced professionals, gaining insight into real career paths within the organisation.
Who Can Apply? (Qualification Criteria)
To qualify for the Amathuba Learnership, applicants must meet all of the following:
- South African citizen
- Aged 18–28 years
- Unemployed and not studying towards another qualification
- Not previously completed a Wealth Management NQF Level 4 learnership
- Passed Grade 12 or equivalent (NQF Level 4)
Minimum Subject Requirements
Applicants must have achieved 50% or higher in:
- English
- One official second language
- Pure Mathematics or Mathematical Literacy
Useful Links
Application Process Explained
Although applications for the current intake are closed, the process typically follows these steps:
1. Submit Your CV
Your CV must include:
- Ethnicity
- Gender
- Nationality
- Age
- Matric subjects and results
- Residential address
- Disability status (yes or no)
- List of completed or incomplete qualifications
2. Online Assessments
Shortlisted applicants are invited to complete online assessments.
3. Video Interview
Based on assessment results, a further shortlist records a video interview reviewed by line managers.
4. Final Interview
Final shortlisted candidates attend a final interview with line managers.
5. Offers
- Offers are typically extended by the end of April to successful applicants.
Important Notes for Applicants
- This learnership is highly competitive
- Meeting the minimum requirements does not guarantee selection
- Accuracy and completeness of your CV are critical
- You can only complete the Wealth Management NQF Level 4 learnership once
Frequently Asked Questions (FAQ)
1. Is the Amathuba Learnership paid?
Learnerships generally include a stipend, but the exact amount is communicated to successful applicants.
2. Can I apply if I am studying part-time?
No. Applicants must be unemployed and not studying towards another qualification.
3. Can I apply without Maths or Maths Literacy?
No. You must have passed Pure Maths or Maths Literacy with 50% or higher.
4. Does the learnership guarantee permanent employment?
No, but it significantly improves employability and industry access.
5. How do I make enquiries?
For application-related queries, contact:
📧 amathubalearnership@oldmutual.com
Final Advice
If you are a young South African matriculant with no work experience and an interest in finance, insurance, or wealth management, the Amathuba Learnership is a strong entry point into the industry.
Even though applications for this intake are closed, preparing your CV early and monitoring future opportunities from Old Mutual will put you in a strong position when applications reopen.
Jobguy.co.za publishes opportunity explainers to help applicants understand official vacancies better. Always confirm application details through official sources and submit your application before the closing date.
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