They believe that teaching kids the tradition of saving some of the little money they get at home will go a long way.
Ithala SOC limited public relations and media officer Thembekile Mdletshe said they decided to teach money literacy in schools to catch youngsters while they are still kids and to build a nation that will be able to budget.
“Children need to understand that if they want something they will have to value the importance of it. We start by teaching them the difference between wants and needs.
“Being taught at a young age has huge possibilities when it comes to adapting that lifestyle when they are working,” she said.
Grade 6 pupil Nozipho Maphumulo said she learnt that there are things that she can live without and that she can start saving for her future now.
Another pupil, Zakhele Zulu, said: “I’ve learnt so much about money and I will also teach my elder brother so that we can start saving our own money.”