Project Qaphela is a financial literacy programme targeted at the National Union of Mineworkers (NUM) members across the three sectors that the NUM are represented in, being mining, energy and construction. Qaphela is an Nguni word meaning ‘to be alert / aware / smarter’.
The project has been made possible through a partnership between the National Union of Mineworkers (NUM), Sanlam and the ASISA Foundation. The Sanlam Foundation is the financier of the programme and this funding has been directed to the project via the ASISA Foundation, who will fulfil the role of project management. The project has been run as a pilot in 2015, to glean learnings which will be incorporated into the roll-out for 2016.
The content includes basic financial literacy and content specifically focussed at workers. The messages are conveyed to participants in interactive face-to-face workshops which are complimented by edutainment and opt-in SMSs incorporating financial tips aligned to the content.
The content themes are: