Iemas celebrates International Day of Co-operatives

Iemas celebrates International Day of Co-operatives

International Day of Co-operatives is an initiative by the International Co-operative Alliance (ICA), an international network that unites, represents and serves co-operatives worldwide. Founded in 1895, the organisation represents around 3 million co-operatives globally and provides a platform for sharing knowledge, expertise and co-ordinated action for co-operatives.

Every year for the past 96 years, the ICA has celebrated International Day of Co-operates, which focus on a different theme each year. This year, International Day of Co-operatives is celebrated on 6 July with the theme: COOPS 4 DECENT WORK. The core message of this year’s theme is that co-operatives are people-centred enterprises, characterised by their democratic control, human development and social justice within the workplace.

According to Ariel Guarco, President of the International Co-operative Alliance (ICA): “Co-operatives help to preserve employment and promote decent work in all sectors of the economy”. Co-operatives around the world provide jobs to 10% of the global employed population. In addition, the top 300 co-operatives generate 2.1 trillion USD in turnover while providing the services and infrastructure society needs to thrive.

In the South African context, co-operatives have a major role to play in job creation and job sustainability as the current unemployment rate is at a staggering 27,6%. Iemas Financial Services, South Africa’s largest financial co-operative, employs over 500 people, based in 29 offices nationwide. Thus contributing to employment in most parts of the country.

Iemas strive to provide a healthy work environment with ongoing support by means of people and leadership development, diversity integration and employee wellness programmes. In promising to be a caring partner to its members, Iemas employees are encouraged to live the Iemas values of professionalism, integrity, ownership and accountability, dignity, teamwork and innovation.

More blog articles on educational loans:

  1. Iemas offers affordable financing solutions to assist matric graduates in building a bright future
  2. Iemas Financial Services looks at the impact of low or negative economic growth and how to cope financially during these trying economic times
  3. How education and training affect the economy
  4. Invest in the youth by investing in financial education


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