TEACHING EMPLOYEES MONEY MANAGEMENT SKILLS AND SHOWING A PROFIT IN THE PROCESS: LESSONS FROM A FINANCIAL LITERACY COURSE
DOI:
https://doi.org/10.15270/45-4-194Abstract
Although deficient financial management skills have often been perceived as an “affliction ofthe poor”, resent studies have shown it to be a problem that pervades all levels of South African
society (Engelbrecht, 2008:3-15; FinMark Trust, 2009). There is also strong evidence that the
financial problems that stem from mismanagement are one of the causal factors of the high
levels of pilfering, bribery, corruption and theft in the country’s public and private sectors
(ACRC, 2009). In spite of this, very little is being done to address this deficiency. There is
especially a dire need that employers should empower their workforce with appropriate
financial management skills. One employer that has taken up this challenge is the South
African Police Service (SAPS).
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