Community urged to save wisely
Tlaba-Mokoena went on to condemn the culture of "Iskhothane", saying it only does more harm than good.
MATSULU – Financial education took centre stage in Matsulu Stadium on Saturday when Old Mutual painted it green.
Dignitaries from financial institutions graced the podium to address issues confronted by the community.
“We want to develop and encourage the culture of saving within our people. Statistics show that 67 per cent of South Africans don’t save. This is so alarming considering the era we live in. Not saving is very expensive,” said the general manager for the banking association, Thabo Tlaba-Mokoena.
Tlaba-Mokoena went on to condemn the culture of “Iskhothane”, saying it only does more harm than good.
“I’m glad that this culture doesn’t seem to be prevailing in Mpumalanga, however, let it be known that we highly condemn wasting the same money we are supposed to be saving. Hence we have partnered with other stakeholders in educating school children from grade seven about saving and spending money wisely,” he added.
Representatives from the Association for Savings & Investment South Africa, National Debt Mediation the Association, and Seed of Prosperity were also given the opportunity to impart their knowledge of the financial world.
It was not all serious business though, as some artists entertained the audience with song and dance.
Local artists such as Ian Calf and Goodman Mgibe were among the entertainers during the event.
