The programme aims to achieve the following with its participants:

• Achieve financial knowledge and skills transfer, with the goal of achieving attitudinal and behavioural change.
• Improve long-term financial resilience, through better financial management and improved financial inclusion.

• Improve young adults' awareness of financial concepts and encourage good financial behavior.
• Improve young adults' awareness of how to identify debt traps.
• Encourage a culture of planning with money.
• Equip young adults with the knowledge to make good financial decisions, especially during the COVID-19 period, from when they first start earning an income and throughout their lives.

The programme is extremely relevant at this point in time in South Africa, in light of the impact of the COVID19 pandemic on the South African economy and the very high unemployment rates faced by young adults.

• The objectives of this programme directly support the achievement of sustainable development goals ( SDG’s) as well as South Africa’s National Development Plan ( NDP) as it seeks to equip young adults with the knowledge and skills needed to reduce poverty and to facilitate their economic participation and financial inclusion.
• Furthermore, the ASISA Foundation is a broad-based ownership scheme (B-BOS) as defined by the codes of good practice on broad-based black economic empowerment (B-BBEE), gazetted under the B-BBEE Act, in terms of which at least 85% of its activities are carried out for the benefit of black persons in South Africa, of which 40% are for the benefit of black women, with a particular focus on young adults

Grant contributions or donations made to the ASISA Foundation to support consumer financial education (CFE) and socio-economic development initiatives, as defined in the FSC (Financial Sector Code), facilitate immediate 100% FSC points scoring, with the grantor (measured entity) being able to instantly recognise the full grant amount awarded.

Who to contact

Ivor Msimang

Programme manager

+27 (0)10.276.0974   

imsimang@asisa.org.za

OR

Ruth Benjamin-Swales

CEO of the ASISA Foundation

+27(0)21 673 1620

rbenjamin-swales@asisa.org.za

www.asisa.org.za/foundation