Make Money Mondays

Does winning a SAMA make you rich? Loyiso Bala (Bala Bros) opens up about money

My first job was as a backing singer at Sun City for Steve Hofmeyr.

Loyiso Bala

My very first car - at 19 - was a yellow BMW. After a while I couldn’t afford it. I then drove a Mazda 323.

Loyiso Bala

There never is enough. There will never be balance. But what you need to learn is to be content.

Loyiso Bala

Every week The Money Show’s Bruce Whitfield interviews a famous person about her or his attitude to money (hopes and fears, successes and failures, etc.) as part of his weekly “Make Money Mondays” feature.

This week Whitfield interviewed Loyiso Bala of the vocal trio Bala Brothers.

Bala, a former pupil at the Drakensburg Boys’ Choir School and an UNAids National Goodwill Ambassador, has won three South African Music Awards.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

My brother was the first black student at the Drakensburg Boys’ Choir School.

Loyiso Bala

My brother started TKZee. You can imagine boys of 20 or 21; they were literally millionaires!

Loyiso Bala

It scared me what money could do.

Loyiso Bala

Everybody in those days [growing up] were poor!

Loyiso Bala

I was seven when my dad died.

Loyiso Bala

People who are running the industry are mostly lawyers and accountants. We need creatives in those places!

Loyiso Bala

I’m beginning to understand the idea behind [investing in] shares.

Loyiso Bala

I believe in tithing.

Loyiso Bala

I see everything that I do as ministry.

Loyiso Bala

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Article brought to us by Old Mutual.

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