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 all be mitigated by an improvement in savings culture by all sectors of the South African population.
15 years later SASI is set to celebrate milestones of service to the South African public in Savings Education, Financial Literacy, Advocacy and Research, SASI will be looking back at its successes and challenges.
SASI Acting CEO Gerald Mwandiambira says “Over the past decade and a half, SASI has played a role in shaping South Africa’s savings landscape, first by launching what was at the time the first index to track savings, the SASI Savings Barometer. This tool highlighted the need for further savings data and research and many current indices were indeed inspired by our barometer.”
SASI also founded the SASI July Savings Month campaign which has led to general acceptance of July as savings month as well as co-founding with the Bankers Association of South Africa (BASA), Teach Children to Save, now known as Starsavers. The largest initiative to educate children on saving in South Africa.” The 2016 Savings month will be on 30th June 2016 at the IDC, in Sandton and will be attended by the Deputy Minister of Finance, the Honourable Mcebisi Hubert Jonas who will render the keynote address.
A panel of experts representing Bankers Association of South Africa (BASA), National Treasury, Old Mutual, Nedbank and will deliberate on the evolution of savings in South Africa over the last 15 years and note successes, challenges as well as future possible interventions. Furthermore new savings products made available over the years including the successful Retail Bonds and Tax Free Savings Accounts will be highlighted. Considering the current rate of unemployment possible interventions will be explored in this regard.
The theme this year for Savings month is simply “Celebrating Savers and Savings”. We will discuss the current successes in Savings and evolution over the last 15 years. We are moving away from more negative messaging such as “South Africans can’t save or Are Not Saving” to exploring positive savings behavior reinforcement messages. SASI will also be celebrating organizations and individuals who have excelled in educating and empowering South Africans to save over the last 15 years.
The July Savings Month 2016 launch will be on Thursday, 30th June 2016 at 07:00 till 10:00 at The IDC Auditorium, 19 Fredman Drive, Sandton.
Thembi Makhaye & Victor Sibeko
Cell. 061 107 7881 Cell. 081 311 4276
Email: firstname.lastname@example.org Email: email@example.com
For more information on the breakfast launch please contact the above.