“Economic growth is an important component of a strategy to tackle poverty, but it cannot be the only element. We must also give attention to other components: those that empower people living in poverty to claim their human rights so that they can be in control, rather than victims, of their destiny.”
– Irene Khan, Secretary General of Amnesty International in 'The Unheard Truth: Poverty and Human Rights'.
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Announcements

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EU GRANT: SaveAct is set to reach an anticipated 18,000 new savings and credit group members in the next three years following a recent grant from the European Union, which will significantly expand the organisation’s impact across three of South Africa’s provinces. Read more ...

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MEMBERSHIP COUNT: Membership of SaveAct-supported savings and credit groups reached 46,495 in mid November 2015. This is up from 10,000 members at the end of 2011. Dropout rates continue to be a low 1.5% while growth in membership is 4%. Click here to access the latest project performance report.

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CASE STUDY: SaveAct was the subject of a case study circulated prior to the 3rd Edition of the LH Forum/Positive Economy Forum held in Le Havre, France at the end of September. The forum, initiated by PlaNet Finance in 2012, is an international network of organisations which puts the interest of generations to come at the heart of their thinking and acting. The case study was aimed at demonstrating good practice relating to sustainable financial education, which is an issue currently attracting increased global attention, and raising questions for future debate. To access the SaveAct case study, click here.

AWARD: SaveAct's achievements in building sustainable livelihoods through financial education were recognised in April 2013 when it received a Concept Award from the PlaNet Finance Group and the Citi Foundation. Read more ...

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WORKSHOP: Are there benefits to linking banks with savings and credit groups? This was the topic of a recent workshop co-hosted by SaveAct, FinMark Trust and the Centre for Inclusive Banking in South Africa (CIBA) and addressed by leading savings group expert Hugh Allen. Read more ...

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CHANGING LIVES: A report produced in June 2012 by FinMark Trust, focusing on the activities of savings and credit groups led by SaveAct in and around Bergville and Matatiele, shows that poor, rural people are leading the way when it comes to savings. Click here to download the report and here to read press coverage. The results were presented at the first KZN Financial Literacy Conference held in early July 2012 in Pietermaritzburg. For more on SaveAct's contribution to the conference, click here.

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NEW PARTNERS, NEW POSSIBILITIES:SaveAct is being assisted by Absa in expanding into new parts of South Africa and is exploring opportunities to extend its services into QwaQwa, a remote area of the Free State where demand for savings and credit groups appears to be high. Read more here.

SaveAct Highlights

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MARKETS: SaveAct commissioned a
participatory market system analysis
in the Eastern Cape to inform its work
with farmers.
Read the report here...

ANNUAL REPORT 2014: Strong demand for
the SaveAct model has supported national
expansion of the programme.
Download the full Annual Report here ...

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MEDIA: Read a series of articles on
SaveAct's activities by KZN
writer-producer Julie Frederikse.
Access the articles here...
MEN AT WORK: In Table Mountain,
older male SCG members are helping to
mentor future generations of younger men.
Read more here ...

Our funders

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misereor logo Visit the National;
Lotteries Board website;
to find out about other
projects supported by
the NLDTF
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Co-funded by
the European Union
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