Congratulations to the nine More than Money Savings Challenge Winners!

We are proud to announce the winners of the More than Money Savings Challenge 

Congratulations to these nine winners, determined by a draw at JASA’s head office:

Sandile Nkhosi and Kamohelo Magge from Ekuphumeleleni Primary School in Soweto Gauteng; Refiloe Mashoeshoe, Simphiwe Xaba, Joana Janeiro and Thabo Nkalosa from Realeboha Primary in the Free State; Ayanda Maxethuka from Greenfield Primary School, Johannesburg; Kgotso Motaung from Reamohetswe Primary in the Free State; and Bulawa Siyakholwa from Fanti Gaqa Primary in Mdantsane, near East London in the Eastern Cape.

The Savings Challenge ran from 23 April until 16 July. The 5 000 or so learners participating in the More than Money and More than Money in a Day programmes each received a  cardboard piggy bank and set a target of how much they want to save, based on a weekly target multiplied by the 12 weeks of the challenge.

 The draw was done by JASA’s financial director, Collen Ngundu, under the watchful eye of our Monitoring and Evaluations Officer, Mashudu Mabela, to end off a productive Savings Month. All of the participants who reached their savings target were eligible to enter the draw. Some of the winners even exceeded their savings target. Bulawa Siyakholwa set a target of R1500 and exceeded this by saving R1695! This learner also achieved the highest total savings.

The winners will open bank accounts and JASA will match each winner’s savings during the challenge and deposit the respective sums into their accounts.  The aim of this challenge is to introduce the principle of savings in primary school learners so they develop good savings habits from an early age.

Thank you to the schools and the teachers who facilitated the challenge to ensure the students participated – we could not have done this without you.   

For more information on the programme, and on JASA’s partnership with HSBC, click here.

JA More than Money on Mandela Day

Over 1000 children were reached in celebration of Nelson Mandela’s 100th anniversary

This Mandela Day, JASA coordinated a nationwide campaign to reach close on 1200 Grade 7 learners, involving 16 schools in six provinces. With the help of trained volunteers, our facilitators guided the learners through five interactive sessions that introduce good financial habits, in the JA More than Money in a Day Programme, spanning around three hours.

The programme is designed to be fun, with interactive games and activities. The learners at Isu’Lihle Primary School in Zola, Soweto showed great excitement when JASA staff and volunteers arrived to start the workshops and their participation was enthusiastic was unflagging throughout the sessions.

With July being Savings Month, this is an apt time for primary school children to learn about how to manage money, particularly since the rate of savings and investment in South Africa is so very low. When children are encouraged to save from an early age they are far more likely to continue good financial habits throughout their lives and are more empowered to shape their futures constructively.

Snacks are neatly packed and ready for the break at Boschrand Primary School in Mataffin, Mpumalanga.

At Batlhalerwa Primary School in Phalane, North West the learners warmed up with some stretches before starting the first session.


The programme reached 11 Grade 7 classes in Gauteng, with two of these at Vulindlela Primary in Orange Farm.

Eight Grade 7 classes were taught at Isu’Lihle Primary in Soweto. EMS teacher David Mashanyu expressed the wish that the JA More than Money in a Day Programme could be held in the school every year since it provides the children with such a good revision of the financial literacy coursework they covered in the previous term and builds on this knowledge. He was impressed at how much the students enjoyed engaging with the material.


We appreciated the support of the Gauteng Department of Education, who joined JASA at Isu’Lihle to monitor how the programme was received. JASA MD Nelly Mofokeng (on the right) is photographed with Sinah Raseroka and Spykes Makoko, both from EMS, Johannesburg Central.

At Imperial Primary, in Mitchell’s Plain,Western Cape, it was warm enough today to do the programme in the courtyard.


In Limpopo the programme reached about 75 students at Thakgalang Primary in Blood River Village.


Thank you to all the schools who collaborated with JASA to make this day a success.



Launch of JA More than Money Savings Challenge

The Savings Challenge is open from this week starting 23 April, 2018, until the end of the winter school holidays on 16 July 2018. Around 5 000 earners participating in the More than Money and More than Money in a Day programmes each receive a  cardboard piggy bank and set a target of how much they want to save, based on a weekly target multiplied by the 12 weeks of the challenge.

In the first week after the school holidays they will open their piggy banks with their teachers and count their savings. If they have reached their savings target they are eligible to enter the provincial draws, which will take place on Thursday 26 July 2018, just at the end of Savings Month, at the JASA offices.

A total of nine winners from across the country will be announced after the draw. The winners will need to open bank accounts and JASA will match each winner’s savings from the challenge and deposit this sum into their accounts. (The maximum amount that JASA will match is R2 000.) We would like to track the nine winners over the year that follows to see if they continue to save.

HSBC’s decade-long partnership with JASA

Since the launch of JA More than Money in 2008, globally HSBC Holdings has partnered with JA to sponsor and implement this programme, contributing $14.2 million (USD). In total, more than 579,000 students have been impacted by the program and more than 8,900 HSBC employees have volunteered.

The programme is currently rolled out in more than 30 Junior Achievement member countries worldwide and in 2010, Junior Achievement South Africa won the best practice award for extending the More Than Money experience to the learners’ families through financial literacy focus groups.

Since the inception of this global partnership, JA South Africa and HSBC have collaborated locally over these nine years to reach close to 23,000 grade six and seven learners across the country, in both urban and rural environments.

What does the programme entail?

In partnership with HSBC, the JA More than Money programme teaches Grade 7 students about money-management topics such as earning, saving, and spending as well as entrepreneurship skills. The style of learning is experiential and hands-on.

Learners gain the financial education basics, preparing them to be financially responsible adults who contribute positively to their communities.

At the conclusion of the program’s five, 45-minute sessions, students should be able to:

    • o Identify the role of money in everyday life.
    • o Think like entrepreneurs and identify a small business they can start.
    • o Explain the basic steps of starting a business, including why it’s important and its impact on society.
    • o Analyse the advantages and disadvantages of borrowing money.
    • o Explore the opportunities of global markets.

Each session includes a facilitator-led activity and a game experience to reinforce money-management and entrepreneurship skills learned during the session.

As the financial education landscape continually changes, online tools such as mobile banking and online budgeting have become increasingly prevalent. The updated JA More than Money program recognizes the shift toward technology-based solutions and offers digital resources beyond the classroom, encouraging students to understand emerging technologies from an early age.

The JA More than Money program’s focus on entrepreneurship inspires students to think about small businesses they can create. Throughout five sessions, students learn the fundamentals of starting a small business and developing a business plan. From there, they learn the purpose of financial institutions and explore the opportunities and challenges across global markets.

According to HSBC’s 2017 Essence of Enterprise Report, 25% of entrepreneurs in their 20s say that having a positive economic impact was a factor in their decision to go into business and 23% say they wanted to have a positive impact in their community. The JA More than Money curriculum fosters these aspirations by introducing the foundations of entrepreneurship to students at an early age, including why businesses are important and what their impact is on society.

AIG sponsors JA More than Money in a Day

The JA More than Money Programme was rolled out to three primary schools in Diepsloot, Gauteng 

Around 600 Grade 7 learners at three primary schools: Reshomile, Diepsloot and Diepsloot Combined, were taught how to be money wise, through the JASA More than Money in a Day Programme hosted there on Friday 20 April.

Funded by AIG, several volunteers from the company were trained to assist JASA staff, together with the Grade 7 teachers, to facilitate the programme of five sessions. Using interactive materials and games aligned to the CAPS curriculum, participants become financially aware and learn the basics on how to start a business.

EMS Teacher Bongiwe Ngobese said, “The connection this programme has with our curriculum is very good. We are still going to start teaching finance this semester so the children are getting a head start in familiarising themselves with the finance terms and ideas.” She also commented that several learners were already budding entrepreneurs. Some would go to the mall and buy items to resell, such as ice in hot weather, while others found things around their houses to sell.

“The children are already in tune with the concepts being taught and this course reinforces what they know. As they were going out of the classroom for lunch I could hear some of them repeating the concepts and exercises that we had gone through,” commented AIG employee Rachel Makwela.

Bongani Miya from AIG facilitated the sessions in Zulu. One learner told him how she holds jumble sales outside her house gate, selling old clothes. “So the entrepreneurial spirit is already there – they just need to be guided in the right direction.”


Another employee from AIG, Ferguson Langenhoven, commented,

“The students are so involved in the learning that I think this is really creating a legacy for their future as money earners. It is important to start this education at a young level so that when they start earning money they will use it wisely.”

AIG’s Annual Survey on Teen’s attitudes to finances

For the past 20 years Junior Achievement has conducted an annual survey of 1 000 US teens to gain a better understanding of how they see their financial futures. Being Financial Literacy Month, April is an apt time to release the results, which can be found here.

This year’s survey covers teens’ financial plans and concerns, as well as what they think about topical issues, such asBitcoin. Their main concerns include being able to pay for college, finding a well-paying job, not being to afford a home and not having money management skills.

In the survey results, teens stated their financial goals for the future include graduating from college (75%), creating a savings plan (50%), affording international travel (37%), starting a business (30%), and retiring before age 65 (29%). “It’s apparent from these findings that today’s youth think a lot about their financial futures, and are looking for ways to be better prepared to be successful at managing money,” said Laura Gallagher, Global Head of Corporate Citizenship at AIG. “One way AIG is helping on this front is by partnering with organisations like Junior Achievement to get young people the information they need to be more prepared and to feel more confident about their futures.” To read the survey results, click here.

Thank you to AIG and the team of volunteers who came on board to assist with the programme!

JASA hosts More than Money in a Day for Global Money Week

JASA hosts More than Money in a day for Global Money Week



As part of Global Money Week, JASA teamed up with the Banking Association of South Africa and the Gauteng Department of Education EMS to host the More than Money Programme in a Day at the Mveledzandivho Primary School in Chaiwelo, Gauteng. Grade 7 students from this school and two others in the area learnt about the value of money and how to manage it through interactive activities and games.


Junior Achievement South Africa facilitated the sessions with the assistance of teachers and volunteers, which included Petros Maneje from @OperationHOPESA, a Banking Association South Africa partner. The teachers underwent training on the course content a week before the event.

Peter Van Wyk, Deputy Chief Education Specialist at Gauteng Department of Education, commented that it would really be good to see more of these types of interactive activities and games in the curriculum. “When you engage them like this the learners enjoy it very much," he said.

Peter Van Wyk Gauteng Department of Education Head Office, Charles Mpofu from Nedbank, and Sinah Raseroka and Thabang Letlotlo, also Gauteng Department of Education

Petros Maneje, Operation Hope South Africa, with Junior Achievement South Africa staff members Abdul Rajah and Terence Modiba

HSBC Volunteers visit the JA More than Money Programme

Volunteers from HSBC visited a session of the JA More than Money Programme for Grade 7s, at Sandtonview School

HSBC volunteers not only visited a session of the More than Money programme at Sandtonview School in Johannesburg but also shared some of their work experiences with the learners, who gained a glimpse into the world of banking.

HSBC employee Carol Chikaro commented: “I think this is a brilliant programme and we should have it in all the schools. All kids should be part of a programme like this because it is so important to understand how money works and how to look after what you have because that is the only way you can go forward in life and achieve your goals.”

Another HSBC employee, Prince Thubekgale, added, “The programme is really fruitful. Financial literacy is so important.

“Everyone needs this skill, whether you are doing science or any other subject you need to have financial skills to get ahead in life. It is also a joyful experience, not only do you learn but you get to participate with other people so there is also team building.”

Through the longstanding partnership between JASA and HSBC, locally close on 23,000 Grade 6 and 7 learners across the country have gone through the More than Money Programme over the past nine years. This year alone, we are reaching 4 500 learners through HSBC’s generous funding.