Make Money Mondays

Wits economics lecturer Lumkile Mondi gets personal about money

I saved a lot of my very first salary [R800].

Lumkile Mondi

Money was very tight in our house. But those days the cost of living was affordable, if you had a job.

Lumkile Mondi

I do spend on luxuries. I’ve been to Everest, Kilimanjaro… I travel! When we have extra cash, we get on a plane and away we go!

Lumkile Mondi

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 Sumitra Nydoo (in for Whitfield) interviewed Lumkile Mondi, a senior lecturer at the Wits School of Economics and Business Science.

Mondi is a regular commentator on 702/CapeTalk on all things money, but what is it about the stuff that keeps in up at night?

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

I took all my nieces to school.

Lumkile Mondi

My dad was a driver.

Lumkile Mondi

You see these rich blacks going into the townships with their big cars and disdain for the poor.

Lumkile Mondi

I bought my first car for R800.

Lumkile Mondi

Those days the only thing I knew was a savings account.

Lumkile Mondi

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This article first appeared on 702 : Wits economics lecturer Lumkile Mondi gets personal about money


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