11 Apr 2017

BancABC, part of the Atlas Mara Group, continues to increase social value by empowering the public through financial literacy.

On April 10, Banc ABC took to Broadhurst Primary School to join their Lateral Learning Week, a week set aside for students to learn in an unorthodox and unusual way, a deviation of their normal student curriculum.

A press release from the bank states that BancABC’s Financial Literacy Programme is aimed at sensitising people on money matters with emphasis on the importance of savings and investments in an effort to heighten consumer protection.

The release states that the bank’s learning and development manager Ms Tootsie Sigwele spoke on simplifying the teachings for young minds.

“Money matters affect everyone who deals with money and as BancABC, we understand that we need to start children from grass roots level and equip them with the necessary skills to enable them to manage money efficiently and effectively,” the release qoutes Ms Sigwele, adding this is why the bank has decided to simplify its teachings for young minds because they also deal with money.

It states that their pocket money could actually go a long way and like them to take away from the bank’s teachings that no matter one’s age, it is important to make informed decisions with money.

According to the release, the country marketing manager for BancABC Mr Polelo Kilner emphasised the need to start the children young explaining that BancABC sees the need to educate children early on money matters because research has proven that money managing skills, good or bad, are acquired through one’s environment.

“We pass on what we know to our children,” the release states, explaining that this is why they were keen to partner with Broadhurst Primary School and speak to young learners as they are the future and it is vital for the bank to teach them financial skills to help them become financially independent young adults in future.

Furthermore, the release states that acting managing director Ms Thembi Segage said that as a bank they believe it is never too early to learn about financial literacy and the importance of financial planning.

The release states that the bank is honoured to have been invited by Broadhurst Primary School and that they trust that the knowledge shared with the learners will enable them to save, transact and account for their own money.

BancABC launched its financial literacy programme to the public on March 6, 2017 having made it available to its staff over several years.

Also, the release states that head of lateral learning at Broadhurst Primary School expressed gratitude to BancABC for imparting their knowledge and thanked BancABC for being able to share these valuable teachings with students and hopes that learners will use them in future.

The release states that understanding money is essential and it is important that such skills are taught so that young ones can make informed decisions throughout their lives for financial stability. ENDS