What ASABA stands for is Association of South African Black Actuarial Professionals
The Association of South African Black Actuarial Professionals (ASABA) is a non-profit organisation established in March, 2005 to address the dearth of actuarial and quantitative skills amongst previously disadvantaged communities in South Africa, by initiating a mutually beneficial set of skills development interventions.
WHY ASABA WAS CREATED
ASABA was created to directly tackle these issues through commitment, both as individuals and as an organisation, and establishment of three key functions: a holistic mentoring capability; a vacation work placement scheme; and a duty to make the actuarial profession in South Africa more accessible and inclusive of all races.
WHERE WE ESTABLISHED A PRESENCE
During 2005 the Association established a presence in both Johannesburg and Cape Town, ASABA immediately began to implement its vision through the launch of a number of programmes and initiatives, including the mentorship programmes for university students at the University of Witwatersrand (WITS) and the University of Cape Town (UCT), through the success of the growing vacation work pilot project with a small group of participating employers.
Our Objectives and Vision
- 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.
- To realise a South African Actuarial Profession that represents the demographics of South Africa.
ASABA Executive Committee
Meet The Executive Committee
Muhammad is a Senior Associate at PwC’s Actuarial, Risk, and Quants (ARQ) team in Cape Town,
where he joined the team after completing his Honours degree at UCT in Actuarial Science.
He has been an ASABA member since 2018, as well as a part of the SAADP programme for three of his years at university. Muhammad is academically qualified, having completed his Fellowship exam in General Insurance in 2020 whilst also being due to transfer to the CERA designation in 2022.
Outside of his billable work, Muhammad is passionate about making a difference in the workplace and having a tangible impact. To this effect, he involves himself in various subcommittees at PwC, including Recruitment, Vac Work, the Employment Equity (EE) Forum and Student & Associate matters.
By doing so, he is able to play an active role in contributing to the development of the younger generation of aspiring actuaries, building relationships with various universities, involving himself in ASSA-related matters when handling student admin, and helping to foster a diverse and inclusive culture within his workplace.
Chair of AWCView More
Idelia is a Partner at EY based in Johannesburg and leads the Africa Actuarial practice across five locations.
She is an experienced actuary (FIA, CERA) with technical expertise ranging from Life Reserving, Risk Capital Modelling, Enterprise Risk Management, Capital Management and Optimisation, and Risk Governance.
She started her career off in continental Europe where she worked in consulting and within the industry. She has been back on home ground since 2018. She currently chairs the Actuarial Society of South Africa's ERM Committee and is a member of the SAM Phase II Sub-Committee, and she is an active member of the actuarial profession through working group initiatives. She has been part of the AWC since 2018, and prior to becoming Chair she was leading the Mentorship sub-committee.
She believes strongly in fairness and equal opportunity, and as such she is passionate about driving transformation and diversity in the actuarial profession. As a result of her own healing and growth journey, she is also invested in addressing gender bias and discrimination in the workplace and empowering women in order to unlock their potential.
Head of OutreachView More
Tsietsi Ngobese is the co-founder and Chief Executive Officer of Wesolve4x (Pty) Ltd.
He currently serves as the Chairman of Wesolve4x Foundation and a passionate climate activist.
His entrepreneurial career began in 2002 as a street vendor, selling sweets at school from grade 2-12, and fruits and vegetables using a wheel barrow from house to house.
He holds a BSc degree in Actuarial science from the University of the Free State.
Secretary GeneralView More
Deputy Secretary GeneralView More
Head of MentorshipView More
Panashe is an academically qualified Assistant Manager at EY located in Johannesburg. He has worked across a range of local and global clients with focus on Non-life reserving, Regulatory standards (SAM) and IFRS 17 model validation and implementation. Within his role at EY he has performed actuarial consulting, HAF and audit related work.
Panashe has always strived to set an example for other black South Africans and create a more diverse actuarial profession. He is a firm believer that through different experiences and viewpoints you can find new solutions to the world's existing problems. He aims to change this world for the better.
When not working, Panashe enjoys wine tasting, hiking, video games and socialising with friends.
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