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“Economic growth is an important component of a strategy to tackle poverty, but it cannot be the only element. We must also give attention to other components: those that empower people living in poverty to claim their human rights so that they can be in control, rather than victims, of their destiny.”

– Irene Khan, Secretary General of Amnesty International in 'The Unheard Truth: Poverty and Human Rights'.

Announcements

	AWARD: SaveAct's achievements in building sustainable livelihoods through financial education were recognised in April 2013 when it received a Concept Award from the PlaNet Finance Group and the Citi Foundation. Read more ...
	CHANGING LIVES: A report produced in June 2012 by FinMark Trust, focusing on the activities of savings and credit groups led by SaveAct in and around Bergville and Matatiele, shows that poor, rural people are leading the way when it comes to savings. Click here to download the report and here to read press coverage. The results were presented at the first KZN Financial Literacy Conference held in early July 2012 in Pietermaritzburg. For more on SaveAct's contribution to the conference, click here.
	NEW PARTNERS, NEW POSSIBILITIES:SaveAct is being assisted by Absa in expanding into new parts of South Africa and is exploring opportunities to extend its services into QwaQwa, a remote area of the Free State where demand for savings and credit groups appears to be high. Read more here.
20,000	MILESTONES: SaveAct-supported savings and credit group members totalled 20,000 people in 2012. This follows a celebration towards the end of 2011 of our 10,000-member milestone which we celebrated with a lunch for staff and board members. Click here to view some photos.

SaveAct Highlights


MARKETS: SaveAct commissioned a participatory market system analysis in the Eastern Cape to inform its work with farmers.Read the report here...	ANNUAL REPORT: 2012:Affirmation is a strong theme in the latest SaveAct Annual Report. Download the full Annual Report here ...

MEDIA:Read a series of articles on SaveAct's activities by KZN writer-producer Julie Frederikse. Access the articles here ...	MEN AT WORK:;In Table Mountain, older male SCG members are helping to mentor future generations of younger men. Read more here ...

Latest News

New partner: Angus Gillis Foundation

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SaveAct has entered into a new partnership with Eastern Cape NGO the Angus Gillis Foundation which works in rural areas and focuses on the development and empowerment of individuals, groups and communities, teaching them to be self-reliant.

A joyful graduation

Finance MEC Ina Cronje, SaveAct board member Ilan Lax and Mkhambathini Mayor Thobekile Maphumulo handed out certificates at a lively graduation ceremony involving about 300 members of SaveAct-led savings and credit groups from the Table Mountain area on May 12, 2011 in the Maqongqo Community Hall. The ceremony was held under the auspices of the KZN Financial Literacy Association.

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Impressive payouts

Recent payouts in the Underberg region yielded increases of up to 56% in share value. We share some of the comments from members of the groups.

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A different view

Members of SaveAct SCGs are using PhotoVoice to tell their own stories about changes in their lives as a consequence of their participation in savings groups. Watch some of them on YouTube here.

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