The NFO is a proud supporter of Money Smart Week South Africa. As part of our mandate to uphold financial fairness through financial literacy programmes, we are committed to helping South African financial services consumers experience The Power of Possible. With smarter approaches to spending, saving, budgeting and avoiding scams, we believe that more South Africans can achieve their financial goals, and reach their dreams.
On our YouTube Channel, you’ll find short videos where NFO team members share their top tips for smarter money management. These include ensuring adequate insurance cover and staying safe from scams when banking online. Plus, discover the importance of always reading – and understanding – the small print before you sign a contract, loan agreement or insurance policy.
Has the ability to improve people’s financial wellbeing. However, an environment characterised by numerous and complex financial products and many financial challenges facing households demonstrates how important this education is.
Confidence, knowledge, information and access to make appropriate financial choices is a key aspect of consumer protection. Financial education plays a crucial role in the broader consumer protection environment.
The Financial Sector Conduct Authority (FSCA), formerly the FSB, is mandated to “provide, promote or otherwise support financial education, awareness and confidence regarding financial products, institutions and services”.
To achieve its policy objectives and education mandate, National Treasury and the Financial Sector Conduct Authority (FSCA) established the National Consumer Financial Education Committee (NCFEC). The objective of the NCFEC is to foster coordination and consistency across various consumer financial education initiatives with other stakeholders. The project is called Money Smart Week South Africa.
