National Savings Month kicks off on positive note

PERSONAL FINANCE / 02 Jul ’16, 07:30am Patricia Holburn National Savings Month began this week with the acknowledgement that as South Africans we are saving, but not enough and not necessarily in the right places. Our savings efforts are being hampered by a lack of financial literacy, consumerism and unemployment. Despite these challenges, millions of us do save through our pension … Continued

SASI 2016 Calendar

SASI is seeking Partners for its 2016 programmes. Events requiring sponsors and partners include: Proposed 2016 Projects  Piggy Bank Project Objective Message Tactics Date Project Life Demonstrate Savings potential of young children.   Social Experiment SASI and Deposit Taking Partner If children can save, so can adults. Savings is a habit and a deliberate choice. Children to raise R500 each … Continued

Savings Institute FAQ

What has changed since the campaign began 15 years ago? The SASI July National Savings Month was launched as it is around 2008, what has changed is that from being a SASI initiative, July is now widely accepted as Savings Month. The broader financial services community has embraced our concept and South Africa now actually takes time to take stock … Continued

SASI launches 2016 Savings Month Campaign at its 15th Anniversary

Sandton, 30 June 2016 – The 2016 SASI Savings Month Campaign was launched today at the Industrial Development Corporation (IDC) by Ismail Momoniat ,Deputy Director-General: Tax and Financial Sector Policy on behalf of the Deputy Minister of Finance Mcebisi Hubert Jonas. The South African Savings Institute (SASI), an independent non-profit organisation dedicated to developing a robust culture of saving in South … Continued

SASI Reflects’ on 15 Years and launches SASI July Savings Month

The South African Savings Institute (SASI) is an independent non-profit organization dedicated to developing a robust culture of saving in South Africa. At SASI’s launch in April 2001, then Finance Minister, Trevor Manuel, drew attention to the poor savings rate; disparate living standards; lack of financial literacy and the poor growth of our economy. He noted that these concerns may … Continued

SASI July 2016 Savings Month

July is National Savings Month SASI will launch the traditional July National Savings Month Campaign on Thursday 30 June 2016. The Breakfast will be held at the Industrial Development Corporation (IDC) Main Auditorium. This year we celebrate SASI’s 15th anniversary and look back at the evolution of South African Savings during this period. The numbers are a challenge but instead of … Continued

Budget 2016 a Step in the Right Direction

posted in: News, Uncategorised

The recently announced budget is a move in the right direction in terms of fiscal policy, but was it a budget that was it savings friendly? Finance Minister Pravin Gordhan’s National Budget tabled on Wednesday afternoon in Parliament was a budget that spoke of greater austerity on government spending and indeed acknowledged the need for the country to try and avoid … Continued

Interest rate hike great for savers, worst nightmare for debtors

South African Reserve Bank (Sarb) governor Lesetja Kganyago said on Thursday the bank would increase the repo rate by 50 basis points. This means the repo rate, which is the rate at which the Sarb lends money to banks, will rise to 6.75%. The prime lending rate, the figure charged by banks to customers, will increase to 10.25%. The announcement … Continued

SASI Seeks Project Partnerships

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SASI is seeking partners for its 2016 programmes. You can sponsor in part or whole projects. If you or your organization wish to partner on these initiatives. Please contact the SASI Office. Proposed 2016 Projects 1.     Youth Piggy Bank Project   Objective Message Tactics Date Project Life Demonstrate Savings potential of young children.   Social Experiment SASI and Deposit Taking … Continued

Investec GIBS Launch Savings Index

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27 January 2016, Johannesburg: In a first for South Africa (SA), a national Savings Index has been launched to measure the country’s state of savings against international counterparts, providing the real facts about savings. The structural decline of SA’s national savings rate over the last two decades has been no secret, however, the importance of savings to fuel investment for … Continued

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