Invitation for organisations to participate in MSWSA 2021
The importance of being financially savvy cannot be underestimated – especially against the backdrop of a declining economy and the devastating impact of the COVID-19 pandemic. There is no doubt that financial literacy is essential to the growth and development of our nation.
In Momentum and Unisa’s Consumer Financial Vulnerability Index, published late last year, it was found that more consumers were worried about their finances than staying safe against the Coronavirus.
For consumers to be able to understand and negotiate the financial landscape, manage risks effectively and avoid financial pitfalls, especially during these difficult times, they require access to information and education.
Money Smart Week South Africa (MSWSA), an initiative of the National Consumer Financial Education Committee (NCFEC), is a financial literacy campaign aimed at motivating and empowering South Africans to become better educated about their finances.
MSWSA 2021, held in conjunction with Global Money Week, is taking place virtually between the 22 and 28 March 2021 and will consist of a host of online events throughout the week, all of which will be live streamed on www.mswsa.co.za.
Any organisation, institution or individual across various sectors including financial institutions, Non-Governmental Organisations, (NGOs), Public Benefit Organisations (PBOs), companies, schools, universities or communities are invited to apply to host a digital event and to join this national collaboration to expand financial education in South Africa.
The low savings culture and the failure to service debt, together with a decline in disposable income, and the financial impact of the pandemic, makes a campaign such as MSWSA 2021 even more vital to improve the ability of consumers to make sound and informed financial decisions. After all, one financially literate person in a home can influence an entire generation.