Frequently Asked Questions

Find answers to the most commonly asked questions about our free financial and consumer training programs, how to participate, and more.

What is financial literacy?

Financial literacy is the ability to understand and effectively use various financial skills, including personal finance management, budgeting, and investing.

Why is financial literacy important in South Africa?

Financial literacy is crucial in South Africa due to elevated levels of income and wealth inequality. It empowers individuals to make informed financial decisions, manage debt, and build wealth, to contributing to local economic stability and growth.

What are common financial challenges faced by South Africans?

South Africans struggle with managing their finances, managing debt, and saving for the future. Limited financial knowledge often leads to poor financial decisions and perpetuates the cycle of poverty.

How can one improve their financial literacy?

Improving financial literacy can be achieved through various means, such as taking online courses, attending workshops, reading financial books, and using budgeting tools.

What role does Start The Conversation (“STC”)™ play in promoting financial literacy?

Start The Conversation™ offers free training and reference materials to help consumers with their financial knowledge

Are there any specific financial literacy programs available in South Africa?

STC™ has developed a YouTube Channel called STC with Izaka (@stc101) for a broader and inclusive market outreach in its training.

How does STC™ help in financial literacy?

Financial literacy can lead to better financial decision-making, improved money management, and increased savings. It can also help individuals achieve financial independence and reduce financial stress.