As the excitement of the Nedbank Cup final approaches, the green bank is tapping into South Africans’ love of football to teach fans about how to champion their own financial health.
Mamelodi Sundowns and Orlando Pirates will battle it out on June 1 for one of South African football’s most prestigious prizes. The Nedbank Cup - South Africa's premier football knockout tournament - is not only a celebration of athletic prowess but also a testament to Nedbank's commitment to social responsibility and community development.
Dr Frank Magwegwe, executive head of financial wellness and advisory, recently told News24 that the bank's involvement in the tournament aims to convey a powerful message to the news reader: financial health is as critical as physical health, and everyone has the power to achieve it.
The bank has partnered with various footballers in the past, like World Cup hero Siphiwe Tshabalala, to discuss all things financial health, modelling good habits to their football-adoring fans.
Three statistics about South Africans’ financial health
There are many ways the public can learn from football players. For one, young footballers need to learn to save during their peak earning years and gain a working knowledge of finances to make informed decisions for the time when their playing days come to an end.
A recent study titled the 2023 NedFinHealth Monitor report provides several critical insights into the financial health of South Africans and its broader implications. These are not restricted to football lovers, Dr Magwegwe says, but applies to everyone.
Here are three big takeaways:
For these three concerns, Dr Magwegwe draws parallels between the emotional highs and lows experienced by football players and fans to the
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