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

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


Recommended

by THE NEWSROOM

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
Euphonik (one of South Africa's top DJs) opens up about money

Euphonik (one of South Africa's top DJs) opens up about money

Bruce Whitfield talks to Euphonik (aka Themba Nkosi) about his attitude to money (hopes and fears, successes and failures, etc.)

Joel Stransky gets vulnerable, opens up about money

Joel Stransky gets vulnerable, opens up about money

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

Fascinating insights into what ‘The Rich and/or Famous’ believe about money

Fascinating insights into what ‘The Rich and/or Famous’ believe about money

Money, the root of all evil? Famous, rich people open up, often uncomfortably, about their money and beliefs about it.

Courtroom predator Billy Gundelfinger opens up about his money and his life

Courtroom predator Billy Gundelfinger opens up about his money and his life

Bruce Whitfield interviews one of SA’s most famous divorce and criminal attorneys about his attitude and beliefs around money.

Personal finance guru Maya Fischer-French comes clean about her own finances

Personal finance guru Maya Fischer-French comes clean about her own finances

Bruce Whitfield interviews Fischer-French about her attitude to money (hopes and fears, successes and failures, etc.).

Danny K answers decidedly personal questions about his money

Danny K answers decidedly personal questions about his money

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

Popular articles
[LISTEN] DA objects to Gigaba delivering #Budget2018 speech after court order

[LISTEN] DA objects to Gigaba delivering #Budget2018 speech after court order

Members of Parliament object to Finance Minister Malusi Gigaba delivering budget 2018.

Saps: Attackers spared 5 female cops in Ngcobo police shooting

Saps: Attackers spared 5 female cops in Ngcobo police shooting

E Cape Saps says they are investigating the murder of five police officers and one retired soldier at Ngcobo Police Station.

Missing Cape Town couple's vehicle found north of Durban

Missing Cape Town couple's vehicle found north of Durban

Hawks spokesperson says the couple has not yet been located and their names will not be released as yet.