Western Cape Government embarks on province-wide Savings Month campaign

Alan Winde, Minister of Economic Opportunities:

As part of Savings Month, the Western Cape Government is joining forces with consumer protection agencies to conduct savings awareness sessions across the province.

Alan Winde, Minister of Economic Opportunities, said the Western Cape Office of the Consumer Protector, together with agencies including the National Credit Regulator, are visiting residents to encourage them to save.

“We need to encourage a culture of saving so that residents are prepared for emergencies and retirement.  It is also key that more residents have access to financial literacy programmes. It is our goal that through these savings awareness sessions, residents will have the skills they need to manage their finances.”

Yesterday’s session took place in Mitchells Plain.

The schedule for the rest of the month:

Date Area
23 July 2015 Worcester
24 July 2015 Robertson
27 July 2015 Ceres
28 July 2015 Khayelitsha
29 July 2015 Cedeberg
30 July 2015 Bergriver

Savings tips include:

  • Develop a savings plan and try to put a portion of money away each month
  • Teach your children to save from an early age
  • Use credit sparingly and carefully
  • Save up to buy things for cash
  • Shop around before you buy

Organisations, schools, colleges, businesses and communities that would like to book workshops on financial literacy can contact Phenias Ncube at the Office of the Consumer Protector on 021 483 9282. Residents can also contact Mr Ncube for venue details for this month’s sessions.