Old Mutual Amathuba Learnership: A Gateway to Wealth Management Careers

The Old Mutual Amathuba Learnership Programme offers a valuable opportunity for unemployed South African youth to gain practical experience and a recognized qualification in wealth management. This 12-month program, based in Johannesburg, combines classroom learning with hands-on work, providing a solid foundation for a career in the financial services sector. If you are between 18 and 30 years old, have completed Grade 12 with the required subject passes, and are eager to learn, this learnership could be your first step toward financial advising, underwriting, or insurance brokerage.

Understanding the Old Mutual Amathuba Learnership

The Amathuba Learnership Programme is designed by Old Mutual, a prominent financial services group in South Africa. Its primary goal is to equip young individuals with an accredited NQF Level 4 qualification in Wealth Management. This qualification is recognized by the Financial Services Provider (FSP) and is essential for various roles within the industry. The program aims to bridge the gap between academic learning and real-world application, offering a structured pathway into a demanding yet rewarding field.

What the Learnership Entails

This learnership is more than just a training course; it’s an immersive experience. Participants will spend 12 months learning about wealth management, which includes understanding financial products, relevant legislation, and business ethics. The program structure involves both theoretical learning in a classroom setting and practical application in the workplace. Learners are assigned mentors who provide guidance and support throughout their journey. Additionally, there’s a possibility for involvement in Corporate Social Investment projects, offering a broader perspective on community engagement within the corporate world.

Key Benefits for Learners

Successful candidates can expect a comprehensive development experience. The learnership offers:

• Accredited Qualification: Earn an NQF Level 4 qualification in Wealth Management, a recognized standard in the financial services industry.
• Practical Experience: Gain valuable hands-on experience in a professional financial services environment.
• Mentorship: Receive guidance and support from experienced Old Mutual professionals.
• Industry Exposure: Learn about financial products, legal requirements, and ethical practices in the sector.
• Career Foundation: Build a strong base for future roles such as financial advisor, underwriter, or insurance broker.
• Structured Development: Benefit from a 12-month program designed for growth and learning.

Programme Details: Duration and Location

The Old Mutual Amathuba Learnership Programme is set to run for a full 12 months, starting on October 1, 2026. All training and work experience will take place in Johannesburg, Gauteng, South Africa. This focused location allows for a consistent learning environment and easier integration into the Old Mutual operations within the city.

Eligibility and Requirements

To be considered for this learnership, applicants must meet a specific set of criteria:

• Citizenship: Must be a South African citizen.
• Age: Between 18 and 30 years old.
• Employment Status: Must be currently unemployed.
• Education: Must have successfully passed Grade 12 (Matric) or an equivalent NQF Level 4 qualification.
• Previous Learnerships: Must not have previously completed a Wealth Management NQF Level 4 learnership.
• Current Studies: Must not be enrolled in any other qualification at another institution.
• Availability: Must be available to start the program on October 1, 2026.

Matric Subject Requirements

Specific subject passes in Grade 12 are mandatory:

• English: A minimum of 50% is required.
• Official Second Language: A minimum of 50% is required.
• Mathematics: Either Pure Mathematics or Mathematical Literacy with a minimum of 50% is required.

These subject requirements are crucial and form a key part of the application screening process.

Essential Competencies

Old Mutual seeks candidates who demonstrate a range of personal and professional skills. These include:

• Accountability: Taking responsibility for one’s actions and commitments.
• Communication: Ability to express ideas clearly and listen effectively.
• Customer Focus: Understanding and meeting the needs of clients.
• Willingness to Learn: An open attitude towards acquiring new knowledge and skills.
• Collaboration: Working effectively with others in a team environment.
• Planning and Alignment: Organizing tasks and aligning efforts with company goals.
• Self-Development: Proactively seeking opportunities for personal and professional growth.
• Managing Complexity: Ability to handle challenging situations and tasks.
• Improving Work Processes: Identifying and suggesting ways to make work more efficient.
• Organisational Awareness: Understanding how the company operates and one’s role within it.
• Agile Learning: Adapting quickly to new information and changing circumstances.

Who Should Apply?

This learnership is specifically targeted at unemployed South African youth aged 18 to 30 who have successfully completed Grade 12 with the specified subject passes. It is an excellent opportunity for individuals looking to build a career in the financial services sector, particularly in wealth management. If you are motivated, eager to learn, and committed to developing your skills in a professional setting, this program is designed for you.

Application Process and Required Documents

Interested candidates must submit their applications online through the Old Mutual Early Careers recruitment portal. Ensure you have the following documents ready:

• Curriculum Vitae (CV): An up-to-date resume detailing your education and any relevant experience.
• Matric Results: A certified copy of your Grade 12 examination results.
• Identity Document: A certified copy of your South African Identity Document (ID).

It is important to complete the online application form accurately and upload all required documents as instructed.

Application Closing Date and Important Notes

While a specific closing date for applications was not provided, Old Mutual has indicated that applicants who do not receive feedback by September 11, 2026, should consider their applications unsuccessful. Given that the program begins on October 1, 2026, it is highly recommended to submit your application as early as possible. Remember that this is a 12-month program involving both classroom and workplace training. Only shortlisted candidates will be contacted for further assessment.

Conclusion

The Old Mutual Amathuba Learnership Programme presents a structured and supportive pathway for young South Africans to enter the wealth management field. By offering accredited training, practical experience, and mentorship, Old Mutual is investing in the future of its industry and providing a significant career boost to its learners. Meeting the eligibility criteria and submitting a thorough application are key steps for anyone aspiring to a career in financial services.