MoneySmartWeek aims to build money-smart South Africans

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SPONSORED | FSCA_ZA Results from the Human Sciences Research Council’s 2017 financial literacy component of the SA Social Attitudes survey revealed that 48% of South Africans did not manage to save at all, and 42% had no long-term savings. MSWSA2020

Picture: 123RF/MAITREE BOONKITPHUWADON

To this end, National Treasury, the Financial Sector Conduct Authority and the National Consumer Financial Education Committee will be rolling outfinancial literacy campaign is aimed at motivating and empowering South Africans to become better educated about their finances.

“Whether you are a community group, financial services provider, regulator, policymaker or consumer financial educator, we want you to join this national collaboration to expand financial education in SA. I urge you to play your part in contributing to a more financially literate country. After all, one financially literate person in a home can influence an entire generation.”

Any company with an interest in financial literacy can apply to host an educational event or programme to help consumers make more informed decisions about their finances, lifestyles and business ventures. Smaller organisations can also contact their holding company or relevant industry body if applicable, to collaborate on joint initiatives.

 

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FSCA_ZA You can only save when you have extra cash🥺 How many of the 48% are living under the poverty line?🤔

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