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

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


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


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
'We gave away 800 refurbished suits for people going to an interview'

'We gave away 800 refurbished suits for people going to an interview'

The Money Show’s Bruce Whitfield interviews four reps from businesses that are sacrificing some profit for the good of society.

[Transcript] Pavlo Phitidis, small business guru - it started with guppy fish...

[Transcript] Pavlo Phitidis, small business guru - it started with guppy fish...

FULL TRANSCRIPT of Bruce Whitfield's interview of the famed entrepreneurship expert. Phitidis opens up, gets personal about money.

Companies that sacrifice profits to benefit South African boys and girls

Companies that sacrifice profits to benefit South African boys and girls

The Money Show's Bruce Whitfield interviews reps from Imperial, Flight Centre, Kagiso Trust and UWP's “Nurture a Girl” campaign.

'We get to feed 120 000 children every day with a nutritious meal'

'We get to feed 120 000 children every day with a nutritious meal'

Bruce Whitfield interviews reps from 4 businesses that are making a difference and doing good, even sacrificing profit to do so.

Funny man Alan Committie gets serious(ish) about money

Funny man Alan Committie gets serious(ish) about money

The Money Show’s Bruce Whitfield interviews Committie about his attitude to money (hopes and fears, successes and failures, etc.).

Property guru Samuel Seeff bares his soul about money

Property guru Samuel Seeff bares his soul about money

The Money Show’s Bruce Whitfield interviews Seeff about his attitude to money (hopes and fears, successes and failures, etc.).

Popular articles
Van Damme: De Lille has until Monday to respond to maladministration claims

Van Damme: De Lille has until Monday to respond to maladministration claims

The DA has suspended Patricia de Lille from party activities but Eusebius McKaiser says its statement 'is clear as mud'.

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

Connor Weber, fell unnoticed into a bin of water and drowned.

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

The Money Show’s Bruce Whitfield interviews Benguela Global Fund Managers Chief Investment Officer Zwelakhe Mnguni.

The Steinhoff Story: from humble beginnings to billions

The Steinhoff Story: from humble beginnings to billions

Financial Mail editor Rob Rose chats to Eusebius McKaiser about how Steinhoff became the retail giant we know, before the fall.

Zuma order to pay costs of failed legal suit, a damning indictment: Law expert

Zuma order to pay costs of failed legal suit, a damning indictment: Law expert

Law professor at Wits says the President has now been warned to consider his options very careful when playing delaying tactics.

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.

How businessman Max Lichaba struck gold with his jewellery company

How businessman Max Lichaba struck gold with his jewellery company

Entrepreneur Max Lichaba built his own empire and is the CEO of Lichaba Creations and several other businesses. This is his story.