South Africans need to save

THE July Savings Month 2016 launch today, June 30 from 07:00 to 10:00 at The IDC Auditorium, 19 Fredman Drive, Sandton.

The South African Savings Institute (SASI) is an independent non-profit organisation 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 the economy. He noted that these concerns may all be mitigated by an improvement in savings culture by all sectors of the South African population. Fifteen 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 said, “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.”

For more information contact Thembi Makhaye on 061 107 7881 (thembisilemakhaye@gmail.com) or Victor Sibeko on 081 311 4276 (victor.sibeko@buhlebethu.com)

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