After the successful completion of the flagship pilot project of Saver Waya-Waya (SWW) phase 1 in Hammanskraal, the Foundation’s Board of Trustees authorised the scoping and planning of SWW - phase 2. In order to leverage off the successes and relationships formed in 2014 it was agreed that the programme would be rolled out in Hammanskraal and extend to the neighbouring North West Province. The learnings gleaned from the monitoring and evaluation (M&E) that was done are to be incorporated into phase 2 with specific programmes being tailored to the three target audiences, namely young adults, community members and workers.
The interventions will be subject to independent and objective M&E.
The youth were the most receptive to the intervention in 2014, given that they have hope for the future with the possibility of standing on the brink of employment. The youth will be accessed at TVET colleges in the area and will predominantly be targeted at final year students. It is intended that the ASISA Foundation will work through the Student Support Services (SSS) at these campuses as the Department of Higher Education and Training is focusing on SSS in 2016, to ensure that the students have a more holistic college experience.
The intervention will include repeat interactions with the students through face-to-face workshops which will be interactive. Experiential learning will be incorporated and will be supplemented by social media.
The three content themes will be:
The programme will roll out early in the 2016 academic year.
Community members will again be targeted and accessed via relationships established in 2014 and new partnerships which are being explored. The context for community members in the area is that there are high levels of unemployment resulting in their attitudes inhibiting their ability to learn about good financial behaviour, since they are preoccupied with the fact that they have low to no income. To overcome these barriers, the programme will seek to leverage other programmes aimed at improving participants’ financial wellbeing. Participants in the financial literacy programme will be invited to be part of a subsequent programme which will facilitate the set-up and development of micro and small enterprises.
The community programme is intended to include repeat interactive sessions with the same audiences to try to embed the financial literacy content with the participants.
The financial literacy content themes will include:
The third target group the project will interact with are workers. This intervention will need to be more flexible to accommodate the needs of employers and employees. Besides basic financial literacy the content will include modules on debt management, payslips and deductions and saving for retirement and benefit statements.