School of Savings South Africa

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School of Savings South Africa School of Savings is dedicated to bridging the financial literacy gap in South Africa.

Our team is passionate about delivering effective financial education that translates into happier, more productive employees.

15/10/2026

Project R1 teaches learners the value of saving

Centred around financial literacy and equipping the next generation with essential real-world skills, Morar Incorporated recently visited schools in Phoenix and launched its “Project R1” initiative.

Led by CEO Jennifer Reddy, the empowerment campaign recently reached 108 Grade 10 learners at Eastbury Secondary School and 159 Grade 10 learners at Lenarea Secondary School. In partnership with the School of Savings, the programme provided learners with a unique opportunity to explore the psychology of money, the fundamentals of saving, and how positive daily financial habits can fundamentally shape their long-term futures. To support their ongoing learning, every participant received a financial literacy workbook and a dedicated money-saving box.

For Reddy, the initiative carries a deeply personal message. She shared her own journey with learners to demonstrate that their circumstances do not have to determine their future and that small, consistent choices lay the groundwork for major achievements over time. Explaining why Morar chose to invest in Project R1, Reddy said: "We don't just want you to finish school.

We want you to thrive afterwards. We want to equip you with practical financial skills early at this stage in your life, so when you step into adulthood, you aren't struggling with debt and financial confusion. We believe in your potential. We are investing our time, our energy and our resources into this project because you are the future economic engine of our country."

She challenged the learners to embrace education, set ambitious goals, and view every rand saved as a direct investment in their future.

At the heart of Project R1 is the belief that financial literacy should be introduced from an early age. Reddy said the programme goes beyond teaching learners how to save, encouraging them to understand the connection between money, decision-making, discipline and long-term planning.

The sessions generated an energetic and emotional atmosphere as learners actively engaged in discussions designed to rethink conventional views on money. The day was also marked by learners sharing their career ambitions, personal goals, and hopes for making a meaningful impact within their local communities and families.

School leadership welcomed the initiative. The importance of introducing these skills at school level was echoed by Eastbury Secondary School's Head of Mathematics, Mr P Naidoo, who highlighted the role financial literacy can play in shaping the country's future entrepreneurs.

"South Africa needs young people who understand financial skills if we are to build future entrepreneurs, and today was a wonderful opportunity to instill this line of thinking in our young learners," he said.

15/10/2026

We’re excited to see Project R1: School of Savings featured in Post Plus newspaper!

Through this initiative, Morar Incorporated and School of Savings South Africa are equipping 267 Grade 10 learners from Eastbury Secondary School and Lenarea Secondary School with practical financial skills that will be incorporated into their Life Orientation curriculum and continue through to matric.

https://iol.co.za/thepost/community-news/2026-10-01-project-r1-targets-phoenix-learners-to-break-generational-debt-habits/?fbclid=IwY2xjawUsi5pleHRuA2FlbQIxMQBwZG9mAXNydGMGYXBwX2lkEDIyMjAzOTE3ODgyMDA4OTIAAR6L3GnLzoHRf9TYi0joBxmm1V-GvM8_GhAbxnugUxFCezH-gOlqA9xtnaWT8w_aem__PsEYjU2o_VmQypfPmn9Qw

07/09/2026

♥️ A NEW CHAPTER BEGINS!

School of Savings South Africa is officially launching Project R1,00 at Lenarea Secondary! 🚀🇿🇦

For the first time, 159 Lenarea learners will be equipped with practical financial knowledge, skills and tools to take charge of their financial futures and build a foundation for lasting financial independence. 💪📚💰

We are not just teaching about money, we are changing mindsets, creating opportunities and planting the seeds for a financially empowered generation.

A massive THANK YOU to Morar Incorporated for believing in this vision and making this POSSIBLE! 🙏❤️

This is history in the making.
This is impact in action.
This is change ONE RAND AT A TIME! 🔥🇿🇦






04/09/2026

School of Savings South Africa continues to make an impact through the Project R1,00.

Now at Eastbury Secondary, inspiring 108 Grade 10 learners to take their first step towards financial freedom.

Thank you to Morar Incorporated for making this possible!!!

History in the making!

ONE RAND AT A TIME. 💰💰💰

20/05/2026

Sacred Heart Secondary School Choir starting off the Project R1,00 launch 2026. 🎹🎶♥️👏

https://share.google/es04CPLvQzUcrIw3p
24/04/2026

https://share.google/es04CPLvQzUcrIw3p

At the heart of Project R1 is a simple yet impactful concept: encouraging pupils to save just R1 a day while gaining financial education through the PENNYWI$E Money Management Programme.

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15 Zenith Drive, Umhlanga
Durban
4319

Opening Hours

Monday 08:30 - 16:30
Tuesday 08:30 - 16:30
Wednesday 08:30 - 16:30
Thursday 08:30 - 16:30
Friday 08:30 - 16:30

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