Generational wealth could get Alex out of poverty trap
ALEXANDRA – Nothing has demonstrated the uncertainty of life better than the current situation we are in, says Abulela Gazi.
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Alexandra residents have been urged to consider building ‘generational wealth’ that could be passed from generation to generation as part of empowering themselves and also taking their children out of the poverty trap.
Speaking at the launch of the #WeStart2021Stronger initiative at Alex Mall, Abulela Gazi, head of client and business solutions at financial services company Metropolitan, said the company had reached out to South African communities encouraging the sharing of stories of loss and allowing for healing to take place.
Following an overwhelming response to the virtual series initiative, Gazi said the company decided to not only provide a platform for sharing grief but to play an active role in equipping people with financial tools and knowledge.
“Life is uncertain and nothing has demonstrated that better than the current situation we are in. The need to plan ahead for the uncertain and ensure that your family, regardless of what happens to you, is looked after for years and for generations to come, has therefore come into sharp focus recently,” Gazi added.
He urged the community of Alex to consider this initiative as a way of getting out of the poverty trap they constantly found themselves in.