UNIZULU Students Receive Worthy Tips to Enjoying Financial Freedom

Students from the four faculties of the University of Zululand (UNIZULU) attended the highly instructive Financial Literacy Talk, which was recently held by the University’s Transformation and Social Inclusion Office in collaboration with Sanlam at the King Bhekuzulu Hall in KwaDlangezwa Campus.

The lecture aimed to equip students with the necessary knowledge and skills to make informed financial decisions and also intended to integrate financial education into the University curriculum. The organisers thought it was imperative for students to be equipped with the knowledge and skills necessary to make informed financial decisions as this would not only add to their overall university experience but provide them with critical life skills they can utilize beyond their UNIZULU academic periods.

In attendance from Sanlam were financial advisors Dave Inderall, Mary-lynn Muruges and Nhlanhla Ngonyama, who was also the guest speaker.

“The moment you withdraw R1, it’s no longer a million. Budget on the little money you have, pay off important things first, and always save,” Ngonyama told the students.

He also explained to students that financial literacy goes beyond merely understanding; it encompasses a wide range of essential concepts that can significantly impact one’s future financial wellbeing. He covered the topics of the day: understanding personal finance, navigating a complex financial landscape, cultivating responsible spending habits, encouraging entrepreneurship, financial independence,

preparing for adulthood, real-life challenges, breaking the cycle of poverty, fostering a culture of saving and investing, and promoting financial wellbeing and mental health.

He also broke down the art of budgeting, giving students tips and encouraging them to always budget and spend according to their monthly income. 

• Pamela Mlaba

Picture: Samkele Sokhela