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As South African families become increasingly global, long established financial structures are being tested in new ways.
Most parents spend decades building wealth, but few spend the time preparing the next generation to manage it, and that is where things fall apart.
Andile Jonas, Head of Marketing at Momentum Savings, doesn’t want to wear his own financial overall.
For many South Africans, seeing their salary arrive in their bank accounts is accompanied by a sense of relief, even if only for a moment; there are funds to cover your home loan, school fees, car repayments, medical aid, and other insurance premiums while navigating the rising cost of groceries.