header finlit

Case Studies

Hollard: Enabling better Futures Through Financial Literacy

Hollard’s homegrown basic financial literacy programme is designed to empower all South Africans to be able to make more informed financial decisions, thus enabling them to create and secure a better future.

Hollard recognises that financial inclusion is a crucial issue in South Africa; however, there is much more to it than only having the financial resources to participate in the country’s economy. It is also about understanding how to manage money. Inadequate financial literacy is one more snare in the poverty trap. Hollard believes that if South Africans are given the opportunity to learn basic financial management skills, they will be empowered to make better financial decisions that can have a profound impact on the way they choose to live their lives, manage their financial affairs and, most importantly, allow them to retire comfortably.

Read more: Hollard: Enabling better Futures Through Financial Literacy

Sasria: Transforming the Financial Services Sector of South Africa

As South Africa’s public insurer, SASRIA has a special interest in the transformation and professionalisation of the insurance and broader financial sector. SASRIA’s corporate social investment (CSI) practice therefore has a strong focus on tertiary education and professional development in this area. Through the SASRIA bursary programme and the South African Actuaries Development Programme (SAADP), SASRIA helps previously disadvantaged matriculants to access the opportunities they need to reach their dreams and contribute to a prosperous South Africa. The bursaries programmes are complemented by the Insurance Leadership Development Programme (ILDP) which provides mostly black professionals in the insurance industry an opportunity to further develop their leadership skills.

Read more: Sasria: Transforming the Financial Services Sector of South Africa

Momentum launches "Making Money Matter" interactive board game aimed at improving financial literacy

Where does my money go?” is a common question faced by many individuals and households when it comes to managing personal finances. Effective money management starts with a goal and a step-by-step plan to manage expenses, savings and debt repayment. Financial goals should follow the SMART principle – it must be Specific, Measurable, Actionable, Realistic, and have a Timeframe.

Read more: Momentum launches "Making Money Matter" interactive board game aimed at improving financial literacy

Case study: How to create school libraries that support self-directed approaches to learning (The Bookery)

The Bookery, previously a project of Equal Education, facilitates the development of support structures in under-resourced schools to create an optimal environment in which to deliver sustained literacy programmes. Our interest in school libraries is not simply the establishment of spaces where books leave shelves and return in an orderly manner. Rather, we aim to develop school libraries as spaces that engender creativity, learning, critical thinking, literacy development and a desire to explore knowledge. In this article we share what we believe to be the most important features of a dynamic, well functioning library - and some of the lessons we learned in the process of creating them.

This includes:

·         Provision of Adequate and Relevant Resources

·         Buy-In from the School Community

·         Having the Right People as Librarians or Library Assistants

Read the case study: How to create school libraries that support self-directed approaches to learning

Corporate Practice: Financial wellness starts with financial literacy (MMI Foundation)

MMI aims to enhance the lifetime financial wellness of South Africans and believes that the starting point for this is financial literacy. To this end, the group focuses part of its corporate social investment on promoting knowledge and skills that enable individuals to make informed financial decisions, thereby empowering them to effectively plan their futures.

Two key projects which exemplify MMI’s financial wellness goals are:

  • The Making Money Matter board game, designed and implemented by Momentum
  • Metropolitan’s Early Childhood Development Financial Literacy Project

Read more: Corporate Practice: Financial wellness starts with financial literacy (MMI Foundation)

THE KNOWLEDGE HUB IS A logo INITIATIVE. (C) 2017-2020.