Financial literacy is essential to the growth & development of our Nation.
Money Smart Week South Africa (MSWSA)
Empowering financial literacy.
Alongside providing dispute resolution services, the NFO is mandated to work towards increasing financial literacy among South African consumers. By sharing relevant, relatable information, advice and case studies, we aim to increase awareness of the opportunities and risks around money. We help to keep South Africans safe from fraud, and to ensure that their rights are respected. During MSWSA and every week, the NFO is helping people across South Africa to build the financial foundations they need for a more resilient future.
Inspiring South Africans to become more financially literate.
As the name suggests, MSWSA is a First Launched in 2018, Money Smart Week South Africa (MSWSA) has evolved to become the country’s largest coordinated financial literacy campaign, with the objective of empowering and motivating South Africans to make smarter money choices. This annual week-long campaign that focuses on promoting general financial awareness through independent activations that provide free financial education to the people of South Africa.
Background
FINANCIAL
INCLUSION
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.
CONSUMER
PROTECTION
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.
FINANCIAL
EDUCATION
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”.
Money Smart Week South Africa (MSWSA)
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.
