South Africa or maybe Africa in general, needs debt training. Debt is such a mystery to the uneducated people; it seems like a magical heal-all remedy offered right at the time of need. The situation plays out like this, a contract worker has spent his weekly, or bi-weekly pay already, and it is still early in his pay cycle. Dun Dun Dun, enter loan shark!! The contractor is approached by someone claiming to have the solution to all of his problems. 

“Take this money, then you just have to sign here and we will just debit the repayment from your account, it’s simple, and easy.”   TRAPPED!


From this point on the contractor wonders why as his money comes in to his account, so it leaves his account. And the cycle continues… in order to have money, the victim then approaches yet another Loan Agency, and so forth.


So what can be done? It is not the public’s, or the educated, or employers responsibility to educate the un-educated. Perhaps, though, it would be nice of us, to teach as many of our staff, or even the general man on the street about avoiding debt, or dealing with it.


That’s my say. Thanks for listening, don’t forget to comment please!


“Creative activity could be described as a type of learning process where teacher and pupil are located in the same individual.”

ARTHUR KOESTLER, Drinkers of Infinity