SABRIC: Global Money Week, 2018

The Banking Association South Africa (BASA) together with its 23 Member Banks and 43 Financial Institutions who collaborate on StarSaver™ will be celebrating Global Money Week from 12 March to 18 March 2018. The Banking Association South Africa, is the custodian of the StarSaver™ programme, which is a generic financial literacy programme to inculcate a culture of saving among young people and encourage volunteerism in the financial sector.

Global Money Week is an annual global celebration, initiated by Child & Youth Finance International (CYFI), with local, regional and international events and activities aimed at inspiring children and youth to learn about money, saving, creating livelihoods, gaining employment and becoming independent and responsible global economic citizens. In South Africa, The Banking Association is the lead partner of CYFI and Coordinates all activities of Global Money Week. Member Banks and Financial Institutions participate by taking charge of various activations throughout the country where they engage with citizens (especially children and youth) on financial matters, the business of institutionalising money / banking and broader financial inclusion topics.

This year Global Money Week takes place from 12 to 18 March 2018. It is a week that is celebrated globally and this year about 137 countries will take part in the celebrations. The week, which began in 2013 as a one-day occasion full of events for schoolchildren – excursions, lectures, games, tests and quizzes, has developed into a week-long international event.

Member banks, financial institutions, NGOs and other structures of society will be visiting schools and youth centres across the country to deliver financial literacy and have conversations around money. To highlight a few activities which will be carried out by the coordinating institution i.e. The Banking Association, to kick-off on Monday, The Banking Association with its StarSaver™ members will visit a school for the disabled / physically impaired in Soshanguve because money matters matter to everyone and as part of financial inclusion all structures of society should become financially literate. Tuesday will see students from the university of Johannesburg and Wits gather as they did in 2017 for unlimited financial fun brought by partnership between Old Mutual, Nedbank, Money Tree Group and The Banking Association. The week will further feature Out of School Youth Round Table Financial Discussions, Money Museum Educational Tours, School Activations and will end with financial literacy games (More Than Money) amongst learners from different schools who will be given a challenge to save until September 2018 with the highest saver receiving a grand prize in October 2018. These FinLit games will be a partnership between Gauteng Department of Basic Education, Junior Achievement South Africa and The Banking Association South Africa.

Global Money Week provides a perfect opportunity for financial institutions to collaborate and partner with others outside the financial sector to highlight financial matters not only for young people but as well as for adults, because Money Matters Matter to everyone.  Audiences across the country are encouraged to look out for GMW activities and to participate and engage with the financial sector to learn more about money.