Bachelor of Business Science – University of Cape Town
Postgraduate Diploma in Actuarial Science – University of Cape Town
Advanced Management Programme – Harvard Business School

Karabo Morule is a pioneering actuary, becoming the second black woman in South Africa to qualify in the field and the first woman to join the board of the Centre of Excellence in Financial Services. She matriculated in 1999 with five distinctions before earning a Business Science degree in Actuarial Science with first-class honours from the University of Cape Town (UCT). She further completed a Postgraduate Diploma in Actuarial Science at UCT and began her career at J.P. Morgan as an analyst in 2005. In 2006, she moved to the company’s London office, where she worked for three and a half years before returning to South Africa in 2009, inspired by the opportunities and potential within the country and the continent.

In 2010, Karabo joined Old Mutual and quickly rose through the ranks, holding several leadership roles. In January 2016, she was appointed Managing Director of Old Mutual Personal Finance, one of the company’s largest business segments, serving nearly two million customers. Her strategic vision and leadership have been instrumental in shaping the business.

Beyond her corporate success, Karabo is deeply engaged in professional and leadership circles. She is a Fellow of the Actuarial Society of South Africa (ASSA) and was recognized in 2014 as one of Mail & Guardian’s “200 Young South Africans” shaping the country’s future. In 2018, she was invited to join the World Economic Forum’s Young Global Leaders (YGL) and received the Inkanyezi Award from the Association of South African Black Actuarial Professionals for her contributions to the field. She further expanded her expertise by completing the Advanced Management Programme at Harvard Business School in 2019.