The Foundation’s programmes:
- are targeted at low or no income black South Africans, particularly women and youth from informal and disadvantaged environments, including owners of micro-enterprises and retirement fund trustees.
- aim to achieve knowledge transfer and a change in attitude towards finances that leads to a sustained change in behaviour.
- are aligned to the OECD definition of consumer financial education, including core competencies as adopted by National Treasury and the FSCA.
- meet the requirements of the FSC Code FS500 and Guidance Note GN500 s for consumer financial education, so that measured entities can claim their FSC points.
- support national imperatives detailed in the NDP by enhancing individual financial capability, enabling greater economic participation – both locally and nationally – by countering unemployment, supporting income generation activities, and promoting financial inclusion.
- are subject to independent monitoring and evaluation to establish whether programme objectives have been met.