Insurance industry encourages youth to learn more about insurance and financial needs

16 August 2007 SAIA

Speech contest winners announced in Port Shepstone

The South African Insurance Association (SAIA) and the Black Brokers Forum (BBF), in co-operation with the Department of Education and Training (DET), recently joined hands in a project that seeks to encourage the youth to learn more about insurance and financial matters. The project took the form of a speech contest that was held in one hundred and seventeen (117) schools in KwaZulu Natal. The Finals of the contest were held, and the winners selected, at the Port Shepstone Civic Centre in Kwazulu Natal yesterday, 15 August 2007.  The mayor of the Hibiscus Coast, Mrs Shusha, attended this important event and addressed the approximately 230 learners and stakeholders.

Other important stakeholders involved in this exciting project included the Financial Services Board (FSB) and the Life Offices Association (LOA).

"We need to educate learners about financial services, and how to handle their finances," said Mr Artwell Hlengwa from the Black Brokers Forum at the prize giving event.  He added that learners also had to be informed about the potential career opportunities in the financial services field.

Deputy Executive Officer for Market Conduct and Consumer Education of the Financial Services Board (FSB), Mr Gerry Anderson also added his voice to the call for students to consider the financial sector as a possible career path.  He said that the South African financial sector needed professionals with various qualifications in its ranks.  He added that contests of this nature were important to stimulate the interest in and knowledge of the sector.

Mrs Refilwe Moletsane, Deputy Chief Executive of SAIA, acted as programme director at the prize giving event.  Mrs Moletsane emphasized that consumer education is very important to the South African Insurance Association (SAIA), and that the SAIA was happy to be a part of this event.  She congratulated the winners on their well researched work and achievement. The winners placed as follows:

1. Mdluli Nokuphiwa Mthwalume High
2. Goqwana Lulama Mbusi High
3. Ngcongo Bukhosibakhe Phindavele High
4. Hlophe Nonsindiso Bheki High
5. Mdlalose Nomkhosi Port Shepstone High 
6. Mbangatha Asafika Sehole High
7. Naledi Dube Vumandaba High
8. Ntozakhe Herbert Hafuleni High
9. Jeza Khanyisile Nobamba High

The aim of the speech contest was to create awareness amongst young people about insurance and financial matters, and to expose them to insurance as a career.

The South African Insurance Association (SAIA) represents 53 short-term insurance companies in South Africa and represents the short-term insurance industry at all levels.

The Black Brokers Forum (BBF) is the association for financial advisers dedicated to upgrading the entry level market of the insurance and related financial services sector.


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