Helping SA kids find their financial literacy footing

Metropolitan is currently touring the country, teaching teens healthy financial habits for their futures through the Kickstarz financial education programme. Thanks to a little help from Bolton Footwear – a leading South African footwear manufacturing company that also stocks well-known global brands – the financial services provider is better able to connect with this tough audience.

Kickstarz gives high schoolers the chance to start their very own sneaker companies (each with unique names and logos) and design their own pair of sneakers that they then market to the rest of the school. In doing so, and through several interactive lessons, the teens learn financial basics – from how to read a bank statement and plan and follow a budget, to more advanced issues like how to build up a good credit record and stay out of debt.

Upping the excitement of these lessons is having Bolton Footwear bring the sneakers designed by the best-performing business in the programme to life. The company has long supported young talent by employing up-and-coming shoe designers like Timothy Vermeulen, who is following in his grandparent’s footsteps – three of whom worked in the footwear industry.

The 27-year-old with a passion for 3D design believes that financial literacy amongst the youth is crucial in South Africa, particularly given the country’s weak economy. “Not a lot of young people are educated on saving and looking towards the future, but financial literacy can set them and South Africa up for success.”

He wishes that he had been taught practical financial lessons like saving, spending wisely and separating needs from wants when he was younger and shares that the biggest financial lesson he has learnt as a young professional is to save.

Timothy hopes to one day open his own business and, in doing so, be in a position to increase local footwear design skills as well as manufacturing and production. No doubt, this will require him putting his hard-learnt financial lessons into practice.



Latest


19 Nov 2020
Just thinking long term is not enough

By: Anet Ahern, CEO, PSG Asset Management Along with many others, we often emphasise the importance of not giving in…

Just thinking long term is not enough

By: Anet Ahern, CEO, PSG Asset Management Along with many others, we often emphasise the importance of not giving in to your emotions and avoiding making rash, short-term decisions. Yet despite this, plenty of investors still fall prey to their emotions. So, what is the secret that sets successful investors…

18 Nov 2020
Inflation – the biggest destroyer of capital

By: William Fraser, Portfolio Manager, Foord Asset Management Inflation in the US, Eurozone, UK and Japan has been anaemic, rising…

Inflation – the biggest destroyer of capital

By: William Fraser, Portfolio Manager, Foord Asset Management Inflation in the US, Eurozone, UK and Japan has been anaemic, rising on average just 1.5% per annum since 1995. In the mid-1970s, however, inflation had averaged 10% per annum in the decade to 1982. The genesis of that inflation cycle was…

18 Nov 2020
Don’t trust your gut (and focus on the end goal)

By: Paul Nixon, Head of Technical Marketing and Behavioural Finance at Momentum Investments Following our instincts for investments often does…

Don’t trust your gut (and focus on the end goal)

By: Paul Nixon, Head of Technical Marketing and Behavioural Finance at Momentum Investments Following our instincts for investments often does not serve us well. The effects of fear and greed on investment decisions and returns are often reflected in the form of a ‘behaviour tax’. A behaviour tax is a…

02 Nov 2020
How do your clients’ employees return to work successfully after a disability?

By: Elna van Wyk, National Head of Disability Management and Technical Underwriting at Momentum Corporate We should not underestimate the…

How do your clients’ employees return to work successfully after a disability?

By: Elna van Wyk, National Head of Disability Management and Technical Underwriting at Momentum Corporate We should not underestimate the physical, mental and financial health challenges of overcoming a disability and successfully returning to work, says Elna Van Wyk, National Head of Disability Management and Technical Underwriting at Momentum Corporate.…


Top stories


13 Apr 2020
Investors should keep a reasonable investment allocation outside of SA

MoneyMarketing asked Roland Gräbe, the head of Tailored Fund Portfolios at Old Mutual Wealth, about offshore investments in the COVID-19…

Investors should keep a reasonable investment allocation outside of SA

MoneyMarketing asked Roland Gräbe, the head of Tailored Fund Portfolios at Old Mutual Wealth, about offshore investments in the COVID-19 environment and what form a global market recovery will take.

13 Apr 2020
SA’s Proposed Covid-19 Disaster Management Tax Relief

The National Treasury recently issued the draft Disaster Management Tax Relief Bill (Bill) for public comment by 15 April. The…

SA’s Proposed Covid-19 Disaster Management Tax Relief

The National Treasury recently issued the draft Disaster Management Tax Relief Bill (Bill) for public comment by 15 April. The draft Bill, together with its explanatory memorandum, provides clarity with regards the tax relief measures President Cyril Ramaphosa announced on 23 March.

10 Apr 2020
When the going gets tough, farmers are on familiar territory

South African farmers are old hands at adapting to uncertain and daunting circumstances, and our local agricultural industry has proved…

When the going gets tough, farmers are on familiar territory

South African farmers are old hands at adapting to uncertain and daunting circumstances, and our local agricultural industry has proved to be most enterprising in acclimatising to challenges as they arise.

10 Sep 2020
How too much choice is draining your brain

By: Paul Nixon, head of technical marketing and behavioural finance at Momentum Investments From the words of Francis Scott Key…

How too much choice is draining your brain

By: Paul Nixon, head of technical marketing and behavioural finance at Momentum Investments From the words of Francis Scott Key that dubbed America “The land of the free”, which stuck, to the unforgettable Mel Gibson monologue where an army of painted Scots were willing to trade their lives for the…


Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za