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October 23 2013

South Africa Adds International Dimension to the 2013 HOPE Global Financial Dignity through the Banking Association of South Africa


Cas Coovadia managing director for the Banking Association South Africa to lend perspective as a Working Group Co-Chair

ATLANTA  – October 22, 2013 – Today, Operation HOPE (HOPE), the leading global financial dignity nonprofit, announced that Cas Coovadia, Managing Director for the Banking Association South Africa, will participate in the 2013 HOPE Global Financial Dignity Summit (Summit) in Atlanta, Georgia on November 13-14. Coovadia, who also serves on HOPE South Africa Board, will help lead the Working Group on Sustainable Finance (Access to Capital) as Co-Chair.

Currently, Mr. Coovadia serves as the Managing Director at The Banking Association South Africa.  He has played a central role in the negotiations leading to the signing of the Financial Sector Charter and is playing a critical role in the implementation of agreements reached in the Charter.

Mr. Coovadia became involved in anti-apartheid politics in the early 1980’s. He was very active in the civic movement, starting in Laudium, Pretoria in 1980. Cas served 4 periods of detention at Modderbee Prison in Benoni, Pretoria Central Prison, John Vorster Square and Diepkloof Prison. His longest period of detention was 7 months.

He has contributed to numerous articles and publications on housing finance, civil society, local government and the role of civic organizations in governance. He also spent time with the Kagiso Group managing a small venture capital company that invested in emerging manufacturing enterprises. He is proficient in the financial environment and has a keen grasp on financial issues.

In partnership with the City of Atlanta, the two-day summit, themed “Global Economic Recovery: How the Poor Can Help Save Capitalism,” will frame the issue of financial inclusion, small business, entrepreneurship, jobs, and financial dignity as essential core ingredients to mid and long-term economic recovery and stability. It is expected to draw 1,000 of the most dynamic and influential financial industry professionals, government decision-makers and faith leaders from more than 50 countries around the world. 

To learn more about Operation HOPE and the 2013 Summit, visit, follow us our Twitter, @operationhope #HOPESummit, and Like us on Facebook.

About Operation HOPE

Operation HOPE (HOPE) is an international nonprofit organization dedicated to promoting financial literacy and dignity through various educational programs and initiatives. Since its inception in 1992, HOPE has served more than 2 million individuals, directed more than $1.5 billion in private capital to America's low-wealth communities, maintains a growing army of 20,000 HOPE Corps volunteers, has raised average credit scores for financial case management clients more than 120 points over an average 18-month period, and currently serves more than 300 U.S. cities, as well as South Africa, Saudi Arabia, Morocco, and most recently, the United Arab Emirates. At its core is a “silver rights” mission to make free enterprise and capitalism work for everyone. To learn more about Operation HOPE, visit, follow us on Twitter, @operationhope, and Like us on Facebook.