In a momentous stride towards empowerment, CPUT has signed a historic Memorandum of Agreement (MoA) with Sanlam, formalising a collaboration for shared goals and success towards advancing the financial empowerment of the CPUT Community.
Brightness Mangolothi, Director: Centre for Diversity, Inclusion Social Cohesion (CDISC), said this strategic partnership is focused on empowering the university community with financial literacy and aligns with CPUT’s Vision 2030, which also advances redress. “Sanlam’s’ commitment to transformation is informed by the universal insight that everyone deserves an equal chance and opportunity to live a better life.”
Vice-Chancellor Prof Chris Nhlapo, who signed the MoA, stated that CPUT has developed a strong relationship with Sanlam over the years. He further highlighted how CPUT has utilised Sanlam's expertise in investments, such as retirement fund and creative projects that also involve students. “You were always behind us.”
Nhlapo continued: “The key today is around the whole question of financial education and financial literacy. It's so important, it's apt, it is coming at the right time for both staff and students…Quite frankly, the wisdom around money is so important, around wealth generation, sometimes to break a poverty circle, it’s so important, so that we can actually also talk about generational wealth as a people, it’s so important, and I am looking forward to that capacitation of our people.”
Mangolothi said that financial literacy is a critical enabler of equity and inclusion because it empowers individuals to navigate economic systems confidently and sustainably. “Advancing financial literacy is not just an economic intervention; it is a social justice imperative that strengthens diversity, equity, inclusion, and belonging while supporting the university’s sustainability agenda. Importantly, financial support initiatives help break poverty cycles and achieve financial stability.”
She added that CPUT has more than 30 000 students and that over 70% of CPUT students depend on National Student Financial Aid Scheme funding. Mangolothi noted that the Western Cape and Eastern Cape are the university’s main recruitment regions and have the highest proportion of Quantile 1–3 students. “This highlights the need for sustained financial aid strategies to ensure equitable participation and student success.”
Zikhona Plaatjie, the CDISC Stream Coordinator, Monitoring and Evaluation, noted that this partnership marks the dawn of a transformative journey dedicated to enriching financial inclusion and literacy within the university community. The partnership does more than create opportunities; it inspires a future where every individual has the knowledge and resources to succeed. This collaboration lights the way to financial empowerment, cultivating a generation ready to shape their financial futures. The initiative also supports multiple global Sustainable Development Goals (SDGs), especially SDG 1 (No Poverty), SDG 4 (Quality Education), and SDG 8 (Decent Work and Economic Growth).
“By embedding financial literacy within the broader empowerment agenda, the partnership contributes to long-term economic resilience for students and employees alike,” Plaatjie said.
Tumiso Mfisa, Stream Coordinator: Gender Equality, Diversity & Inclusivity, said this partnership reflects CPUT's commitment to growing its own talent and demonstrating practical pathways for upward mobility. Mfisa noted that Sanlam has shown incredible patience and dedication throughout this process. “Their generous support highlights their genuine commitment to making this collaboration a success. We are deeply honoured and grateful to Sanlam for their partnership. Under the leadership of our Vice-Chancellor, we have indeed become an attractive university for meaningful collaborations like this.”
He also highlighted Sanlam’s commitment to delivering tailored, high-quality financial education programmes, and “we recognise the important role CPUT will play in enabling, promoting, and jointly evaluating these initiatives to ensure their lasting impact”.
Reflecting on the collaboration, Nhlapo said: “I hope this partnership will grow in leaps and bounds because of what we are doing; we are formalising something that we have been doing with Sanlam for years. We are now putting it on paper to ensure that we communicate and commit.”
Written by Aphiwe Boyce
Email: