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May 02 2013

Operation HOPE Global Initiative in South Africa Reports Continued Growth


Program expands as Banking on Our Future South Africa surpasses 40,000 mark

Johannesburg, South Africa – May 2, 2013 – Operation HOPE (HOPE), an organization focused on financial dignity through its "silver rights" campaign, announced program results for its global initiative in South Africa, empowering more than 40,000 youth and adults since the program launched in 2007.

Operation HOPE Founder, Chairman and CEO John Hope Bryant and President of HOPE Global Youth Empowerment Group and New York Market CEO Mary H. Ehrsam traveled to South Africa to review progress, conduct a partnership event hosted by Banking Association of South Africa and Citi, visit schools, renew partnerships with Nelson Mandela Children’s Fund and the Peace Corps, Anglican Youth of Southern Africa, and launch Phase II of HOPE South Africa.

The report, which reflects the number of youth and adults trained in the Banking on Our Future South Africa curriculum shows continued delivery growth since implementation six-years ago. To date the program reach includes:

·       43,777 youth and adults

·       Approximately 2,000 HOPE Corps volunteers recruited, trained and mobilized in South Africa

·       Embedded programming into 60 schools throughout South Africa

·       65 partners from the private, public and NGO sectors

HOPE Global Initiatives, the nonprofit’s international arm, is committed to expanding its silver rights mission to eradicate poverty and promote financial dignity through financial literacy tools. Banking on Our Future, which provides the financial dignity program core, includes a special focus on entrepreneurship for the South Africa curriculum approved by the provincial and national Departments of Education.

The program is largely supported by financial partners non-government organizations, which include schools, congregations, and civil-society organizations, like the Peace Corps South Africa, Banking Association of South Africa, and the Nelson Mandela Children’s Fund to name a few.

Support is provided by lead partner Sanlam Insurance, Citi, and the US Consulate among others.

In Phase II, targeted to launch by October 2013, HOPE will launch an adult empowerment program focused on the rehabilitation of credit and financial empowerment counseling through the HOPE Inside Model. HOPE will also expand its youth and adult job creation and entrepreneurship programs both in urban and rural areas of the country.