About MSWSA

Financial literacy is essential to the growth & development of our Nation.

TAKE CONTROL OF YOUR FINANCES AND SAFEGUARD YOUR FUTURE

The National Consumer Financial Education Committee (NCFEC) has launched a monthly newsletter – Money Smart News, aimed at providing important information to help South Africans become better educated about their finances. The newsletter is part of the Money Smart Week South Africa (MSWSA) annual financial literacy initiative, which is scheduled to take place again in March 2021.

 

From learning about savings, pension funds, insurance and retirement policies to finding out how to earn compound interest and how to avoid being scammed, Money Smart Week will be educating South Africans about how to become smarter with their money.

 

Remember to sign up for our free monthly newsletter Money Smart News!

Background

National Treasury Policy Document: A safer financial sector to serve South Africa better, 2011.

Financial inclusion

Has the ability to improve people’s financial wellbeing. However, an environment characterised by numerous and complex financial products and many financial challenges facing households demonstrates how important education is to financial inclusion.

Consumer protection

Confidence, knowledge, information and access to make appropriate financial choices is a key aspect of consumer protection. Financial education plays a crucial role in the broader consumer protection environment.

Financial education

The Financial Sector Conduct Authority (FSCA), formerly the FSB, is mandated to “provide, promote or otherwise support financial education, awareness and confidence regarding financial products, institutions and services”.

Our Patrons/Committee

To achieve its policy objectives and education mandate, National Treasury and the Financial Sector Conduct Authority (FSCA) established the National Consumer Financial Education Committee (NCFEC). The objective of the NCFEC is to foster coordination and consistency across various consumer financial education initiatives with other stakeholders. The project is called Money Smart Week South Africa.

Money Smart Week 2020

MSWSA is based on the established Money Smart Week activity in Chicago. MSWSA 2020 will be the South African version with the support of our International counterparts.

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