Financial literacy in South Africa: tabulation report based on the 2013 South African Social Attitudes Survey round

OUTPUT TYPE: Research report- client
PUBLICATION YEAR: 2014
TITLE AUTHOR(S): B.Roberts, J.Struwig, S.Gordon, M.Ngungu
KEYWORDS: FINANCIAL MANAGEMENT, PUBLIC ATTITUDE
DEPARTMENT: Democracy, Governance and Service Delivery (DGSD), Education and Skills Development (ESD)
Intranet: HSRC Library: shelf number 8181

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Abstract

This report is one of the outputs associated with the HSRC Democracy, Governance and Service Delivery (DGSD) research programme's ongoing work on financial literacy in South Africa. A module of 36 questions capturing different dimensions of financial knowledge and capacity was developed and fielded as a special thematic focus in the eleventh round of the South African Social Attitudes Survey (SASAS), conducted in the last quarter of 2013. This drew on the experience of the 2011 SASAS round, which included the baseline study on financial literacy. The SASAS series has been administered by the HSRC on an annual basis since 2003. It is a nationally representative sample survey of adults aged 16 and older that investigates public's attitudes, beliefs, behaviour patterns and values in the country. The long term aim of this survey programme is to construct an empirical evidence base that will enable analysts to track and explain the attitudes, beliefs and behaviour patterns of the country's diverse populations.