Introduction
Are you a young, unemployed South African looking to start a career in the financial services industry? The Old Mutual Learnership 2026 is now officially open for applications.
Known as the Amathuba Learnership Programme, this 12-month opportunity is designed for Grade 12 school leavers who want to gain practical work experience while completing a nationally accredited qualification. Old Mutual, one of Africa’s largest financial services groups with over 178 years of history, is offering successful candidates a chance to earn a Wealth Management NQF Level 4 qualification that is recognized by the Financial Sector Conduct Authority (FSCA).
If you are between 18 and 30, have Matric with 50% in English and Maths, and are currently unemployed, this learnership could be your entry into wealth management, insurance, and financial advice. In this guide, SAJobNet explains everything you need to know to apply correctly before the deadline.
Job Overview – What is the Old Mutual Amathuba Learnership 2026?
The Amathuba Learnership is Old Mutual’s flagship youth development programme. Unlike an internship where you only work, a learnership combines structured classroom learning with hands-on workplace exposure.
Quick Facts:
- Company: Old Mutual South Africa
- Programme Name: Amathuba Learnership Programme 2026
- Qualification Earned: Wealth Management NQF Level 4 (Accredited and FSP recognised)
- Duration: 12 Months, Full-time
- Start Date: 1 October 2026
- Locations: Pinelands (Cape Town) and Johannesburg, Gauteng
- Job Requisition Reference: JR-83364 / JR-83445
- Target Group: Unemployed South African youth
During the 12 months, you will not just be observing. You will be placed in real business units, learning how financial products work, understanding financial legislation, practising ethical advice, and participating in Corporate Social Investment (CSI) projects. By the end of the programme, you will have both a qualification and work experience – a powerful combination for your CV.
Requirements – Who Can Apply?
Old Mutual has strict minimum criteria. You must meet ALL of the following to be considered. Meeting the minimum does not guarantee selection, as the process is very competitive.
1. Citizenship and Age
- Must be a South African citizen with a valid SA ID document.
- Age must be between 18 and 30 years old at time of application.
2. Employment and Study Status
- Must be currently unemployed.
- Must NOT be studying towards any other qualification at another institution.
- Must NOT have previously completed or been on a Wealth Management NQF Level 4 learnership before.
3. Education Requirements
- Must have passed Grade 12 / Matric or an equivalent NQF Level 4 qualification.
- Must have achieved at least 50% in English (as a subject).
- Must have achieved at least 50% in an Official Second Language.
- Must have achieved at least 50% in Pure Mathematics OR Mathematical Literacy.
4. Availability and Attributes
- Must be available to start the full-time programme on 1 October 2026.
- Good communication skills, attention to detail, and a willingness to learn.
- Interest in financial services, customer service, and administration.
Documents You Will Need:
- Updated CV (1-2 pages)
- Certified copy of Matric certificate / results
- Certified copy of your South African ID
- Proof that you are not studying (if requested)
Duties and Responsibilities – What Will You Do?
As a Learner on the Old Mutual Learnership 2026, your duties are focused on learning and contributing to the team. This is not a permanent sales job.
Your responsibilities will include:
- Attending all classroom-based training sessions and completing assessments for the Wealth Management NQF 4 qualification on time.
- Working in various departments to understand Old Mutual products, including life insurance, savings, investments, and risk products.
- Learning to market and explain Old Mutual products to clients in line with their financial needs and goals.
- Providing excellent customer service and administrative support to your team.
- Applying effective time management and professional business etiquette.
- Participating in meaningful Corporate Social Investment (CSI) community projects.
- Adhering to all Old Mutual policies, compliance, and FSCA legislation.
- Completing a workplace logbook and portfolio of evidence.
Salary and Benefits – What Do You Get?
Old Mutual does not publish the exact monthly stipend, but as a registered learnership you will receive:
1. Monthly Stipend: A monthly allowance to cover transport and basic living costs for the 12-month duration. This makes it different from unpaid internships.
2. Nationally Accredited Qualification: On successful completion, you receive a Wealth Management NQF Level 4 qualification. This qualification is FSP-recognized and opens doors to become a Financial Advisor, Broker, or Administrator.
3. Work Experience: 12 months of real experience inside one of the biggest insurers in Africa – a huge boost for your future job applications.
4. Employment Network: Top-performing learners are often considered for permanent roles within Old Mutual or its subsidiary, Credit Guarantee Insurance Corporation (CGIC).
5. Professional Skills: You will learn business communication, financial legislation, sales, and client service skills that are transferable to any corporate job.
How to Apply for Old Mutual Learnership 2026
Applications are ONLY online via the official Old Mutual careers portal. Old Mutual does NOT accept faxed, emailed, or hand-delivered CVs.
Follow these steps to apply correctly:
Step 1: Visit the official Old Mutual Early Careers site: careers.oldmutual.com or search “Old Mutual Amathuba Learnership 2026” on their site.
Step 2: Search for Reference Number JR-83364 or Amathuba Learnership Programme 2026.
Step 3: Create a profile and complete the online application form with accurate personal details. Do not submit false information – it leads to instant disqualification.
Step 4: Upload your CV, Matric certificate, and ID document in PDF format.
Step 5: Answer all screening questions honestly (English marks, Math marks, unemployment status).
Step 6: Complete the online assessments if you are shortlisted.
Step 7: If you have questions, you can email the official team at AmathubaLearnership@oldmutual.com – do not email your CV, use the portal to apply.
Pro Tip: Apply with a professional email address (e.g., name.surname@gmail.com) and keep your phone on. Old Mutual will contact shortlisted candidates via email and phone.
Closing Date
The closing date for the Old Mutual Amathuba Learnership 2026 is 6 September 2026 at 23:59 (some listings show 7 September). Applications close at midnight South African time.
Old Mutual has stated that if you have not received feedback by 11 September 2026, you should consider your application unsuccessful.
Do not wait until the last day – the portal gets very busy and may crash. Apply at least 1 week early.
Frequently Asked Questions (FAQ)
1. Do I need work experience to apply for Old Mutual Learnership 2026?
No. This learnership is specifically designed for unemployed youth with no formal work experience. Informal work like volunteering is welcome but not required.
2. What if I have 49% in Maths Literacy? Can I still apply?
Unfortunately, no. The requirement is a strict minimum of 50% in Pure Maths or Maths Literacy, English, and a second official language. Your application will be auto-rejected by the system if you do not meet it.
3. Will I get a job at Old Mutual after the learnership?
The learnership does not guarantee permanent employment, but Old Mutual has a strong track record of hiring high-performing learners. Even if you are not retained, the NQF 4 qualification and experience make you highly employable in banks, insurers, and brokerages.
4. Is there an application fee?
No. Old Mutual learnerships are completely free. If someone asks you to pay money to apply or guarantees placement for a fee, it is a scam. Only apply via the official careers portal.
5. Can I apply if I am currently at TVET or university?
No. One of the core requirements is that you must NOT be studying towards another qualification in 2026. You must be fully available for the 12-month full-time programme starting 1 October 2026.
6. Where exactly is the learnership located?
The 2026 intake is for two hubs: Pinelands (Cape Town, Western Cape) and Johannesburg (Gauteng). You can choose your preferred location during application, but you must be able to arrange your own accommodation and transport.
Conclusion
The Old Mutual Learnership 2026 through the Amathuba Programme is more than just a learnership – it is a gateway into South Africa’s financial services industry. With a monthly stipend, a respected NQF 4 qualification, and 12 months of work experience in a top company, it offers incredible value for Matriculants who meet the 50% requirement in English and Maths.
If you are 18-30, unemployed, and passionate about building a career in wealth management, do not miss this chance. Prepare your documents, write a simple 1-page CV, and submit your online application well before 6 September 2026.
Next Step on SAJobNet: Also check our guide on [How to Write a CV for General Worker Jobs] and [How to Fill Z83 Form for Government Jobs 2026] to improve your chances for other opportunities.
Good luck with your application!