SWW L+EARN aims to:

Empower young adults across South Africa by equipping them with relevant and impactful financial knowledge and skills that will enable them to be more financially capable, improve their awareness of financial concepts, and encourage good financial behaviour.

Since its implementation in 2016, the SWW L+EARN programme has proven to be successful in achieving effective knowledge transfer and a positive change in the attitude and financial behaviours of young adults.

The programme aims to achieve the following with its participants:

• Achieve financial knowledge and skills transfer, with the goal of achieving attitudinal and behavioural change.
• Improve long-term financial resilience, through better financial management and improved financial inclusion.

• Improve young adults' awareness of financial concepts and encourage good financial behavior.
• Improve young adults' awareness of how to identify debt traps.
• Encourage a culture of planning with money.
• Equip young adults with the knowledge to make good financial decisions, especially during the COVID-19 period, from when they first start earning an income and throughout their lives.

Following the successful outcomes of the SWW L+EARN #SecureTheBag pilot in 2020, the Foundation will continue its collaboration with the primary funder of the programme  - ECIC (Export Credit Insurance Corporation of South Africa SOC Ltd) together with ( their appointed programme managers, Alternative Prosperity (Pty)Ltd, for the 2021 programme rollout.

The programme will be targeted at ECIC bursary recipient students from selected disciplines aligned to the Export Insurance industry, students at TSIBA and other universities and TVET colleges.

Grounded Media, the programme implementers, are responsible for the process of advocacy and stakeholder engagement to secure the participation of university and TVET college students.

However, to enable it to reach thousands of more students with this powerful financial literacy programme the ASISA Foundation invites other funders to join this collaboration.

The programme is extremely relevant at this point in time in South Africa, in light of the impact of the COVID19 pandemic on the South African economy and the very high unemployment rates faced by young adults.

• The objectives of this programme directly support the achievement of sustainable development goals ( SDG’s) as well as South Africa’s National Development Plan ( NDP) as it seeks to equip young adults with the knowledge and skills needed to reduce poverty and to facilitate their economic participation and financial inclusion.
• Furthermore, the ASISA Foundation is a broad-based ownership scheme (B-BOS) as defined by the codes of good practice on broad-based black economic empowerment (B-BBEE), gazetted under the B-BBEE Act, in terms of which at least 85% of its activities are carried out for the benefit of black persons in South Africa, of which 40% are for the benefit of black women, with a particular focus on young adults

Grant contributions or donations made to the ASISA Foundation to support consumer financial education (CFE) and socio-economic development initiatives, as defined in the FSC (Financial Sector Code), facilitate immediate 100% FSC points scoring, with the grantor (measured entity) being able to instantly recognise the full grant amount awarded.

Who to contact

Ivor Msimang

Programme manager

+27 (0)11 214 0928

imsimang@asisa.org.za

OR

Ruth Benjamin-Swales

CEO of the ASISA Foundation

+27(0)21 673 1620

rbenjamin-swales@asisa.org.za

www.asisa.org.za/foundation