A Financial Literacy Plan to Elevate Eldorado Park

Destiny Management Group, in partnership with TJH Business Solutions and MUFG Bank, is offering a free financial literacy course at Eldorado Park. The course aims to educate and empower at least 20 unemployed young people in the community.

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Dr. Cynthia Oliphant is the founder and facilitator of the program. “I designed our program in an African context. MUFG is a multinational company and I wanted to add our African context into the program because we have things like black tax and stokvels, so our savings methods are a bit different from what the rest of the world does,” said explained Oliphant. .

She has also incorporated a self-mastery program focused on individuals discovering who they are in different areas of their lives. “We found that many young people have a very traumatic past and because of the lack of money, when they start having money, it controls them and then it turns into something else. In the financial education program, we teach them about budgeting, long-term investments, and more. added Oliphant.

An employment preparation course is also included in the program targeting matriculants who wish to find a job after school. In this section of the course, they will learn how to do research, create a CV, apply for jobs and prepare for interviews.

The Financial Literacy program has a few courses, including an Entrepreneurship course which is NQF Level 4 accredited. When students graduate after six months, they will receive the Entrepreneurship Certificate.

Students in this program are expected to volunteer in the Meraki Projects vegetable garden to give back to the community, but also to see how they can create an income through gardening.

Lee Griek is one of the students who hopes to start her own business after this course to create employment opportunities for the many unemployed young people in the community. Gail Samson, 56, is also a student in the program.

She shared that she was excited to learn how to run a business and spend money wisely, as she describes herself as someone who likes to spend money. According to Oliphant, the final presentation of the students will be in front of a panel of people where they will present their business concept and see if they can find investors.

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