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July is National Savings Month. And for the fifth time in so many years an army of financial sector volunteers will be visiting schools around the country to present 67-minute lessons on basic financial education.
Teach Children to Save (TCTS) is a joint project of the Banking Association of South Africa and the South African Savings Institute (SASI) that focuses on primary school children under the age of 13. The rationale is that the earlier children learn about the importance of saving and spending money wisely, the higher the chances that this culture will become ingrained in them.
To date, TCTS lessons have reached more than 350 000 learners in Grades 4 to 7 in over 1 500 schools nationwide. The target for this year is 150 000 learners in 700 schools.