International leading lady Nambitha Ben-Mazwi puts her financial savvy to the test  – Entertainment SA

Gistnobs
Gistnobs
6 Min Read

South Africa, 07 September 2022: This Sunday, 11 September, award-winning actress and entrepreneur Nambitha Ben-Mazwi and comedian Mpho Popps will give each other a run for their money in the latest episode of the Sanlam Moola-Money Family Game Show. Airing on SABC 2 at 19:30, the show will see Ben-Mazwi partner up with her cousin Khanyi Mazwi to compete for a R50 000 prize. The winning team will not only have the chance to show off their financial savvy but will be donating their prize to a charity of their choice.  

Improving financial literacy among her fellow entertainers is something Ben-Mazwi takes very seriously. As a UCT Business Science Honours graduate, being financially literate has helped shape her career and given her the tools to live with confidence.   

Ben-Mazwi says, “Having created a business of the arts workshop, #SheSpeaksByLadyNam, that helps educate and empower young women artists and professionals about business acumen and finding their voice through personal branding, joining the show was a no-brainer for me. With everything I do with #SheSpeaksByLadyNam, my global women’s empowerment movement, a show like this is a perfect fit for me. I am passionate about financial education, particularly as it relates to artists in my industry. I’m also very competitive, so this is incredibly exciting.” 

The journey to financial confidence can take years and often has its pitfalls and peaks. Here are some of the things Ben-Mazwi has picked up along the way: 

Credit Cards, Youth and Financial Naivety Are a Bad Mix 

As a Gqeberha native, Ben-Mazwi was the first of her siblings to attend university outside the province. To help her cope, her parents gave her a credit card, thinking she would be able to use it if any emergencies came up. 

 “Boy was that a bad idea. At the time, I didn’t fully understand the concept of money and how credit cards work. I saw it as something that could make my life more convenient,” she says. “To cut a long story short, when I went back home, my mom called a family meeting titled ‘Nambitha’s expenditure’, and I never saw that credit card again.” 

While the experience may have been humbling, Ben-Mazwi’s family still found time to use that moment to teach her a valuable lesson. Through that experience, she learned how to build a credit record and live within her means. These valuable lessons continue to benefit her as she progresses in her career. 

See also  Berri Tiga preview a new song dubbed “God”

Invest 

While it can often seem overwhelming, understanding how investments work can be a powerful tool when mapping out your financial destiny. Contrary to popular belief, it also does not necessarily require considerable sums of money. 

Ben-Mazwi says, “Invest, invest, invest. The sooner you do, the better. Be intellectually curious and read up on different ways to invest. Sign up for workshops and educate yourself about what is out there. Open a tax-free savings account and take every step to understand how money works and how you can make it work for you.” 

While life and her own experiences have been fantastic learning opportunities, Ben-Mazwi says she has also learnt a lot about living with financial confidence from the Sanlam Moola-Money Family Game Show, the most critical lesson being to start planning for retirement as soon as you can 

Planning for Retirement 

When working for a company, we often take retirement planning for granted. Many choose between having a portion of their salary deducted into a provident fund or a retirement annuity. Beyond that, not much thought goes into it. Unfortunately, this is not always the case for everyone, and it is important to take some time to consider your options. 

“I have learned so much about understanding the difference between provident funds and retirement annuities. As an entrepreneur and an independent contractor, I’ve had to look a lot closer at my retirement needs and try to better understand what different options mean for me,” Ben-Mazwi says. 

It’s show time 

The last celebrity showdown that the Sanlam Moola-Money Family Game Show hosted saw cricket legend Vernon Philander coming out tops in an entertaining match-up against former Miss SA Lalela Mswane.  

This time around promises to be equally entertaining, as Ben-Mazwi’s team try to show Mpho Popps and his partner that serious financial matters can also be fun and games. 

The show airs on SABC 2 from Sunday 11 September 2022 at 19.30 with repeats the following Sunday at 14.00. To find out more, visit www.moolamoney.co.za

Share this Article
Posted by Gistnobs
Follow:
Software Developer, Data Analyst, Blogger, Writter, Promoter, Internet Sensational +2348105111968 (Whatsapp/Telegram)
eskort eskişehir - eskort adana - escort mersin