To realise a South African actuarial profession that represents the demographics of South Africa.
- To promote training and technical education in the actuarial profession;
- To establish a fund to provide scholarships, bursaries, awards and loans to study, research and teaching related to or from the benefit of the actuarial profession;
- To provide career guidance and counselling services to persons attending secondary or tertiary school or other accredited higher education institutions;
- To create awareness of the work, objectives and ideals of ASABA and the actuarial profession in the Black community.