Personal financial wellness determines overall financial integrity at national level

Any bank knows its future is determined by its clients. The green bank is no exception, rolling out a Financial Education Roadshow led by the Personal Loans team, to reach salaried clients working for the government and for private companies.

Nedbank’s Head of Nedloans, Erastus Haihambo, said that their roadshow is part of the bank’s financial education programme which started earlier this year. It reaches out to clients for a deeper understanding of consumer issues, and the role the bank plays in their financial wellness with its range of products and services.

Empowering clients to make smart financial decisions is what the show is all about. Under the guidance of the roadshow team, clients are visited across the country at their places of work.

“The objective of the financial roadshow is to educate consumers about the range of financial products and services, giving them a better understanding of their responsibilities and rights when it comes to their financial well-being,” said Haihambo.

Nedbank views financial wellness as a game changer to promote financial development and to enhance financial market integrity. “This is our way of giving back to the community from where we derive our business.” Haihambo continued.

“There are still some clear macro-economic curative measures and challenges that necessitate the need to drive consumer education to help significantly reduce the number of consumers in poor financial health,” he said.

The financial education campaign consists of different elements including face-to-face group consultation and individual presentation sessions as well as the distribution of financial wellness material.

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