Make Money Mondays

Absa Chairperson Wendy Lucas-Bull opens up about money

It [her household growing up] wasn’t flush… We didn’t get pocket money, ever. My parents were very frugal… extravagances were not something we were brought up with at all… We didn’t want for anything…

Wendy Lucas-Bull

What has worked well for me is investments in property…

Wendy Lucas-Bull

A car for me is something you drive… It doesn’t have to be fancy… Mine is 14 years old!

Wendy Lucas-Bull

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, Personal Edition” feature.

This week Whitfield interviewed Barclays Africa Chairperson Wendy Lucas-Bull.

Lucas-Bull has been Barclays Africa Chairperson since 2013.

She is also Chairperson of Absa Bank and Absa Financial Services.

Last month Lucas-Bull was famously called a "bully" by the ANC Women’s League for suggesting the organisation should stop commenting about the Bankorp bail-out issue on social media.

  • What does Lucas-Bull believe about money?

  • Does it keep her up at night?

  • Does she spend like crazy, or save compulsively?

  • How did her childhood experiences of deprivation, or abundance, shape her views on money?

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

I was a teller at the United building society [when asked about her first job]…

Wendy Lucas-Bull

I’m happy to use advisors…

Wendy Lucas-Bull

I haven’t actually had a single blowout that’s caused a major problem. I think it comes from having a balanced portfolio… I’m very boring…

Wendy Lucas-Bull

I bought a really good pair of binoculars…

Wendy Lucas-Bull

I don’t get scared off by much.

Wendy Lucas-Bull

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This article first appeared on 702 : Absa Chairperson Wendy Lucas-Bull opens up about money


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