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Saving Month Ahead

Clintin Brummer

July, also known as Savings Month, is around the corner and as per usual a mountain of advice and wisdom can be found online.

According to the website of the South African Saving Institute savings month is all about “Savings Month is the South African Saving Institute`s national savings awareness campaign. Savings Month is in July each year and the objectives of the campaign are to:

  • Promote debate around key aspects of saving
  • Raise awareness of the benefits of short, medium and long-term planning
  • Build relationships with key partners to leverage future opportunities
  • Get consumers to move from ennui into action

SASI invites all NGOs, community organizations, media owners, educational organizations, financial services companies, trade unions and government departments to embrace the idea.”

Quite the huff has been made this year by the institute and phrases like “Employer-assisted saving” has been making the rounds. So now what is Employer-assisted saving and how can it be done?

“The South African Savings Institute (SASI), National Treasury and partners will be hosting a VIP and media breakfast to launch National Savings Month 2018. The theme for this year’s National Savings Month, which runs for the month of July, is “Employer Assisted Saving”.

Gerry Anderson, SASI Deputy Chairperson, will deliver the keynote address and Jan Moganwa, Absa Chief Executive: Retail Banking, will share the keynote address from the sponsor. A panel that represents a selection of expert views, will debate ideas and thoughts on a blueprint to encourage individual saving in South Africa through employer encouraged saving. Key panellists will include Dr Lesego Rametsi, Maya Fischer-French to mention a few.”

Still wondering about how you can save? This is an easy answer, go to the bank, the very institute that holds your money has extensive saving planning options and so forth. Don`t want to go all the way there simply Google savings. We live in an age where knowledge is free and there for the taking.

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