GLOBAL MONEY WEEK: 27 March – 2 April 2017

The Banking Association South Africa, the lead partner of Child and Youth Finance International (Netherlands Based) in partnership with ReimagineSA will host a dialogue on 29 March 2017 to table a conversation on the subject of Money (financial resources) – a basic human right or not? The Dialogue will form part of the Global Money Week activations that would have started on 27 March in South Africa as part of a global movement to democratise Youth Finance, this movement is an annual global celebration, with local, regional and international events and activities aimed at inspiring children and youth to learn about money, saving, creating livelihoods, gaining employment and becoming independent and responsible global economic citizens.


In the past year South Africa has seen multiple public debacles involving Youth (universities) and Money, leading to development of such speech as #FEESMUSTFALL. Much of the talk around the issue brought to headlines words like Democracy, Rights, Responsibility, Access, Free Education, Citizenship, Resources, Government, Business, Civil Society, etc. all these words were accompanied by actions of violence and destruction and threats. In part, the actions taken to express the emotions around access to basic resources almost brought the country to a standstill. It later became an interesting subject to explore, that of money and whether or not it is a basic human right and if it is, what is the responsibility of human to this right.


March 21st marks Human Rights Day which is affording us a timely opportunity to frame the conversations during Global Money Week (27 March-2 April) and to explore the subject of finance and Human Rights. The conversation beginning on the 21st will culminate into a dialogue on the 29th where approximately 120 youth participants aged between 15 and 23 will gather to discuss and debate the idea of democratising the economy and access to finance. Among them will be member banks and practitioners in financial institutions, government official and other stakeholders within the world of finance / economy.


Furthermore, 132 countries around the world will also be participating in the Global Money Week initiative tabling transparent dialogues and activities aimed at increasing financial literacy, inclusion and transformation. To that end, the launch the 10th roll out of the StarSaver programme of The Banking Association of South Africa will take place as part of the Dialogue. StarSaver is a generic financial literacy programme designed to instill a culture of saving among young people and encourage volunteerism in the financial sector.


Anybody, Anywhere, Anytime – can get involve! The event will be broadcasted through various media platforms to allow for national participation across South Africa so that a wider audience can contribute to the conversation.