The power of compound interest

STORY AND PHOTOGRAPH: TZIVIA GRAUMAN

When eight-year-old Georgia Ross arrived at the building site of the new Arcadia Children’s Home with her mother, grandfather and twin sister, Amber, she presented the Chevrah Kadisha’s Michael Sieff with an envelope containing R1 893,50 and a huge bag of sweets and chocolates. It was all for the Arcadia children and had been collected by the grade 2 girls of Sandton Sinai.

Georgia’s maths project was all about compound interest and the importance of saving. She encouraged her 11 classmates to participate and gave out saving jars. 

All the kids who wanted to get involved had to bring R5 a day for the whole month of August. Around her neck Georgia wore a blackboard with the words: “Money can buy you happiness if you give it to charity”.