Promote saving

Thembalethu Qolo, KTC,Nyanga

More South Africans need to be taught to be self-reliant and saving methods in order to see the country’s economic growth.

This must be started from the early stages of education, which is Grade 1. Children must be taught practical day-to-day life lessons. They must be given money boxes and introduced to group-saving schemes.

With a free and compulsory education system, certain things must change. It will also help children learn that education is not really free, someone else is paying for them.

The National Development Plan 2030 and African 2063 agenda must speak to these savings. This will help in enhancing the development and growth of the country and the continent.

This must be driven more by individuals rather than just being a government plan. It will also add value to the targeted Thuma Mina R100 billion investments.

There must be games and reality TV shows that promote savings rather than spending as izikhotane. Savings need to be advertised as a new way of life.

I’m not oblivious to the fact that the majority of youth are not employed. However, I’m optimistic that we can shift our mindset and move from the unemployed to employers.

Many can argue and say they can only start to save when they are earning or when they have enough to save. But that is when it becomes a hand-to-mouth situation.

Gregory Brophy, CEO of Primegroup, points out that if people can’t save from the little they have, they won’t be able to do so even when they have an abundance.

From every R1, at least 10 cents should go to savings. So from that logic, start to think how many R1s did you have today?