How do South Africans rate on giving and giving back?

Each year, Americans set aside the fourth Thursday of November to give thanks for what they have. This expression of gratitude often takes the form of a day with families, “eating more than we should, and watching a lot of football”, says Mitch Anthony, US Financial Life Planner.

He notes, though, that “being thankful is more than food, football or even family – it’s sharing your blessings with others.”

The CAF World Giving index asks three questions to determine how community-conscious and generous a nation is. Have you done any of the following in the past month?

  1. Helped a stranger, or someone you didn’t know who needed help?
  2. Donated money to a charity?
  3. Volunteered your time to an organisation?

The 2018 Index shows a fall in the most generous of the developed countries. But, across Africa, giving is on the increase, and South African ranks 24th out of the 138 countries surveyed. We score higher on helping strangers and volunteering time, than on giving money – since much of our population struggles to survive on the money they have.

Sir John Low, Chief Executive of Charities Aid Foundation reports:

“For eight years, the CAF World Giving Index has given unique insight into generosity around the world and chronicling trends in giving across continents and cultures worldwide.

Its aim is simple: to provoke debate and encourage people, policymakers and civil society to think about what drives giving, and put in place policies to grow the culture of giving worldwide.

The questions that make up the Index focus on the universal – do we give money or time or do we help strangers in need. It confounds traditional views of the link between wealth and generosity, confirming what we all surely know: that giving is about spirit and inner motivation, not about financial means.”

At Chartered Wealth Solutions, we hold to the belief that giving to our communities – whether through volunteering time or skills or money – is an essential ingredient in creating a contented life … as our clients’ stories attest. Enjoy reading those stories in this newsletter.

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