MAY 2015
We've been busy.

The ASISA Foundation continues to make great strides in Fostering the Future by designing and implementing relevant financial literacy programmes, targeted to benefit the people who need it most, and in compliance with the Financial Sector Charter.

As an industry initiative, the Foundation provides multiple benefits, most notably the value of shared industry resources and cutting edge information around best practice for implementing financial education, to ensure that financial education initiatives achieve the ultimate aim of changing behaviour to improve the financial well-being of our citizens.
Flowing from the many learnings and successes from our pilot project “Saver Waya Waya” in Hammanskraal, the ASISA Foundation Board of Trustees, with the support of the ASISA Consumer Financial Education Standing committee, have approved the following projects as Phase 2 of the “Saver Waya Waya” project (subject to available funding):
  • Focused, repeat workshops for students at Technical and Vocational Training colleges (FET’s) in Hammanskraal and North West Province.
  • A series of workshops with older adults in the community presenting financial literacy modules, covering debt management skills as well as income generating opportunities. We will source specialist partners to provide these components of the programme.
  • Worksites in the same area where we will focus on building relationships and strengthening our advocacy role to enable us to secure meaningful opportunities to access employees with targeted programmes. We will consider developing standardised content which members can use in their CFE programmes at worksites where they already have relationships.
  • A Community Financial Wellness Day where the community can be given actual access to the concepts advocated through the various workshops e.g. stalls hosted by micro businesses; ASISA members offering and explaining Access products; potential employees and SETAs offering opportunities for learnerships; NCR/debt counsellors  offering opportunities for debt counselling etc. 


Unemployed people with no income prospects have a psychological barrier to learning about consumer financial education. Our programmes should enable income-generating opportunities by developing skills such as CV writing and job interview skills, as well as how to set up and run their own micro enterprises.

Most adults are trapped in debt, which challenges the effectiveness of training around savings and investments. We will therefore include elements of debt management into our modules and also identify specialist debt management counsellors.


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. 


We have established good working relationships with BATSETA (the recently formed Council for retirement fund trustees), the FSB and its Foundation, as well as the leadership of the NUM, and are in the process of signing collaborative agreements with them with respect to CFE, especially with regard to retirement fund trustees education (RFTE).

The ASISA Academy has already run a few workshops for trustees and our schedule for 2015 is very positive. Our face-to-face workshops include governance, fiduciary duties and ethics, and investment fundamentals.

The recently developed  two-day programme also includes elements of responsible investing and understanding shareholder activism, with a strong focus on the development of appropriate investment policies.

Our RFTE programmes are also subject to monitoring and evaluation (M&E) and we have received very positive feedback from participants to date. Further M&E seeks to secure feedback from the Boards that the Trustees serve on to assess whether the focus of interactions at Board meetings have changed/ been impacted as a result of the training received.
"We are so excited about these projects as we believe it demonstrates our industry’s ability to be relevant and to add value to some of the most pressing and critical challenges facing our SA economy currently."
2015 has clearly started with enormous momentum. We are actively seeking sufficient funding to roll out all the projects mentioned above, but in the meantime will proceed on a phased basis in accordance with available funding. We appreciate and look forward to your continued support and would welcome an opportunity to provide you with further information or to involve you in our projects, should you so require. 
Copyright © ASISA FOUNDATION. All rights reserved.

Our mailing address is:
Bridge House - Boundary Terraces - 1 Mariendahl Lane - Cape Town 7700

unsubscribe from this list    update subscription preferences