Labour - July is Savings Month

In today's show, we spoke to Elizabeth Lwanga-Nanziri - CEO of the South African Savings Institute speaking to us about this year’s campaign. Launched in April 2001 the South African Savings Institute is an independent non-profit organisation dedicated to developing a robust culture of saving in South Africa by increasing awareness about the importance of short, medium and long-term saving, research, advocacy and round-table debate on savings related matters. ‘Consumers risk compromising their financial wellbeing unless they acquire the relevant financial knowledge’ was SASI’s message last week during the launch of their annual July Savings Month. It also highlighted financial knowledge as a pre-requisite for the financial security of households.  Therefore in partnership with Old Mutual and Metropolitan, SASI will be reaching out to rural and semi-urban communities across the country to deliver financial literacy workshops for the rest of the year on equipping consumers with basic knowledge on household budgets, managing their debt and information on how to choose the right savings products based on their financial situations. While the rest of the financial sector will take to classes between July 15th -28th, 2013 to teach children how to save and the importance of doing so at an early age. For further information you can contact SASI on (011) 269 3789 or visit the website www.savingsinstitute.co.za

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