South African consumers continue to grapple with high levels of debt and spending beyond their means.
Many are facing high debt levels, rising interest rates and higher inflation. At the same time, the persistent drought conditions are increasing food price pressures.
Senior business anchor Colin Lemawane has published a book “Why Are You Broke? When there is so much information about MONEY?” It provides some in-depth analysis and advice on how to better manage your finances.
SABC business anchor on the 404 channel, Collen Lemawane, has researched and written a book called “Why Are You Broke? When there is so much information about MONEY”.
Lemawane took it upon himself to educate South Africans about how not to be broke.
Speaking on Morning Live, he says strategic personal management is something that can work for everyone. He says, “This needs personal reflection.”
“Swiping your way to happiness is not the way to go. Getting personal loans to cover short falls simply makes one heavily indebted and this takes away your financial freedom,” adds Lemawane.
He says people need to learn to live within their means and getting financial advisors might assist.
About the Author
Mr. Collen Lemawane hails from Itsoseng near the North West capital of Mahikeng. He completed his honours degree in Communication from the North West University.
He is a professional, skilled, experienced and qualified journalist with several radio and television current affairs programmes to his name.
Collen joined the media industry in 1996 as a news presenter on Radio Mmabatho, Radio Sunshine and Radio Bop. He was also a television anchor of Eight O’Clock Live on BOP TV. Continuing in radio, Collen moved on to become senior producer for Motsweding FM Current Affairs in 2003 and was extensively involved in hosting live robust debates in studio and in outside broadcasts and drew huge ‘listener-ship’ for the station
He has worked as senior producer for Interface on SABC 3 and a senior producer on SAFM, in addition to having anchored a news programme called “World Today” on SABC 3.