Project Qaphela is a financial literacy programme of the National Union of Mineworkers (NUM), funded by Sanlam and delivered by the ASISA Foundation. It is run as a one-day workshop for workers in the mining, energy and construction sectors in 11 regions across the country. Sanlam has specifically funded the pilot phase of this national project with the view that other ASISA members will fund the nation-wide roll out in the future. The steering committee includes leaders from NUM, ASISA Foundation and Sanlam.
The workshops will include industrial theatre to focus on basic financial education including financial planning, wealth creation, consumption and wealth conservation (as presented in the “Saver Waya Waya” project), but will also include specific modules on Debt Management, Understanding your Payslip, as well as Your Retirement and Group Life statements and benefits.