Money Smart Week SA (MSWSA)

Financial literacy is essential to the growth & development of our Nation.

Banking

Credit

Life Insurance

Non-Life Insurance

Money Smart Week South Africa (MSWSA)

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 week-long campaign that focuses on promoting general financial awareness through independent activations that provide financial education for free to the people of South Africa.

The MSWSA platform concept is premised on institutions providing financial education activities as they usually would, but the initiatives are now planned to take place during the designated week. Thus, the campaign aims to create a national collaborative platform to enable expanded dissemination of financial education initiatives from both the private and public sectors through a series of coordinated activities offered under the MSWSA umbrella.

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.