VIDEOS

Welcome to the 2022 City Press & Absa South Africa #MoneyMakeover! Maya on Money gives an overview of this year's boot camp.

Meet Mpho

Mpho: Managing multiple businesses

Mpho is father to a two-year old daughter. He is a township entrepreneur with several businesses in Phelindaba, North West.

He wants to learn how to generate money and grow the money he makes from the small businesses that bring him both joy and despair.

Meet Sandra

Sandra: Having a healthy relationship with money

Sandra is a 30-year-old physiotherapist retraining for a new career, with a young daughter and a fiancé. Her partner works abroad and leaves the family finances to her. “I have been struggling to manage my finances for the past four years now.

It has come to the point where I have to be honest with myself that I simply don’t know how to manage money properly.”

Meet Zinzy

Zinzy: Becoming money-smart

University lecturer Zinzy is academically smart but acknowledges that, when it comes to her finances, she has made some “ignorant financial decisions”. Managing money is not something you learn at school or university, and, without that knowledge, even well-educated people can find themselves in difficulty.

Zinzy’s debts are putting her under financial pressure.

Meet Wisani

Wisani: Negotiating breathing space

Wisani is in his early thirties and works for local government. Like many households, their income was affected by the Covid lockdown when his partner lost her job. Wisani had recently committed to new car finance.

In order to make ends meet, he took out a personal loan in January. He has two young children to support and the household is under financial pressure.

Meet Sanet

Sanet: Getting financially sorted as an anniversary gift

Sanet and her husband Marius joined the Money Makeover Challenge as their 10-year anniversary gift to themselves.

“The world is a real rollercoaster. We have to provide not only for ourselves, but we also have parents to provide for and look after.”

Meet Motsei

Motsei: Taking a micro business to the next level

Motsei is the owner of VIP Flushable Mobile Toilets, which provides clean and hygienic toilets for events and building sites in Kroonstad, Free State. With experience as an entrepreneur in the food industry, Motsei is looking to expand her micro business.

“The business is doing well, but I believe we can grow it further and turn it into a great business empire, create more job opportunities and become a ‘go-to ablution facility’ in the future.”

If you really want to get your finances in order, you have to start tracking your spending. If you cannot commit to that, it is unlikely you will be able to reach your goals.

Follow the journey – and join in – @CPMoneyMakeover on Facebook and Twitter

Absa Enterprise Development assists SMEs with access to business development support, markets access and access to funding based on certain criteria’s being met. For further information on Absa Enterprise Development you can email ed@absa.africa

You can follow the story on social media #CPMoneyMakeover