Make Money Mondays

Absa’s Songezo Zibi comes clean about money

My earliest memory of money was around 1981… my grandfather used to give me five cents pocket money to take to school… I actually brought back change!

Songezo Zibi, Absa

I lived in a village… until I got to boarding school I just didn’t need it [money]… In 1989 I got R10 per month, and that was enough!

Songezo Zibi, Absa

I took a 60% pay cut to join Business Day.

Songezo Zibi, Absa

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 Arabile Gumede (in for Whitfield) interviewed Absa Spokesperson Songezo Zibi.

Zibi is probably most well-known for his stint as Editor at Business Day between 2014 and 2016.

Before that he was the Communications Manager at Xstrata.

He started his career in communications at Volkswagen South Africa where he was the Public Relations Manager from 1999 to 2006.

What is it about money that keeps him tossing and turning at night?

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

I have about R70 or R80 in coins at any given time.

Songezo Zibi, Absa

When I turned 35 my relationship with money changed.

Songezo Zibi, Absa

I had even less money once I started working!

Songezo Zibi, Absa

I buy second-hand cars… as a result I’ve kept my expenses manageable.

Songezo Zibi, Absa

I look after a cousin who is unemployed… you don’t just use money for yourself, you also support family.

Songezo Zibi, Absa

I started working at age 22.

Songezo Zibi, Absa

Money was a huge consideration when I moved to Xstrata.

Songezo Zibi, Absa

My first bank account was at FNB. I kept it until I joined Absa!

Songezo Zibi, Absa

I only started investing in 2008.

Songezo Zibi, Absa

I realised the country was in huge trouble!

Songezo Zibi, Absa

If money was no object I’d be in politics.

Songezo Zibi, Absa

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This article first appeared on 702 : Absa’s Songezo Zibi comes clean about money


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