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MBOMBELA – Mr Frank Magwegwe is the head of stakeholder management at MMI Holdings. He advised female police officers how to successfully budget and manage their finances.
This took place during a workshop held at Nutting House last week.
“We usually run such workshops on a quarterly basis in all the provinces,” he said.
In May MMI Holdings was in the province and was requested by the Commission for Gender Equality to address the women.
Magwegwe urged everyone to save at least five to 10 per cent of their net income.
Search for information from banks and insurance companies on their saving methods.
He said paying off debts bit by bit is the best practise to financial freedom.
“Get your credit report. It is easy. The National Credit Act compels the Credit Bureau to give South Africans a credit report.
Attendees speak out
Lt Monica Lukhele: “This day was very fruitful, we learnt a lot. I am going to change everything about my budget. I have to budget and start saving for everything I want to achieve”.
Thembile Mabuza “I have learnt to use money wisely and believe in myself”.
Capt Jabu Ndubane “I am going to change my budget and save more towards achieving my dream of finishing my masters by 2018. I have been motivated to push forward”.
Lindiwe Msibi: “The day was informative and educational. Sometimes as women we leave everything to men. We must strive for financial stability as women. Its high time we become informative on the financial status of our families”.
