The ASISA Foundation, a non-profit initiative, was established by ASISA in 2012 and since inception to February 2024 over 117,000 beneficiaries have been trained through its various programmes.  The strategic objective of the Foundation as an industry body is to develop, implement and refine relevant and objective consumer financial education programmes which have a positive and sustainable impact on the South African society. The Foundation delivers effective financial literacy and micro-enterprise development programmes to South Africa’s most vulnerable groups.

The Foundation celebrated 10 Years of Infinite Impact in 2023.  Through the work of its various programmes the impact that it is creating is vast. This is also attributed to it collaborating with many parties to the benefit of the beneficiaries of its programmes and its impact is not just lasting but huge.  With over a decade of work being done the positive benefits of the Foundation’s work continue to cascade through our society and this impact is arguably infinite.

The Foundation is optimally structured to comply with the B-BBEE Act as a Broad-Based Ownership Scheme, and its programmes and methodologies comply with all the requirements of the Financial Sector Code (FSC) which enables its programmes to qualify for either CFE or SED points. Contributions made by funders to the Foundation in respect of these programmes can be recognised for BEE points scorecard purposes on the date that payment is made to the Foundation.

The programmes of the Foundation are:

• WageWise: which targets workers and helps them manage their current and future income better.
• L+EARN: targeted at young adults to better understand and manage finances and to take charge of their current and future incomes. This programme currently has two distinct target beneficiaries:
  • L+EARN #BIZ: aimed at youth business owners.
  • L+EARN #SecureTheBag: aimed at tertiary education students at TVET colleges and universities.
• FLAME: a financial literacy programme which helps micro-enterprise owners to generate sustainable income, manage and grow their businesses and manage their business and personal finances better.
• Build Up: focused on supporting members of organised community structures such as co-operatives with improved levels of financial literacy and financial capability.
• RFTE: provides training to retirement fund trustees and principal officers to equip them to deliver on their governance roles and responsibilities and ultimately to improve their fund members’ retirement prospects.

Let's Talk Two-Pot

The ASISA Foundation is hosting a radio and social media campaign 'Let's Talk Two-Pot' to help South Africans understand the new Two-Pot Retirement System.  The campaign will air from 10 September 2024 on Gagasi FM in KZN and Power FM in Gauteng and on Heart FM in the Western Cape from 10 September 2024.

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