Make Money Mondays, Evergreen Content

Max du Preez opens up about money (and losing everything on Vrye Weekblad)

I funded it [Vrye Weekblad]. I sold my art; I had an art collection. I cashed in my pension money. I sold all my insurance. I sold my car. I sold my house…

Max du Preez

Fortunately, the apartheid state started taking me to court… ‘Struggle-bookkeeping’; we charged them [the European Commission] a little more for the court cases, which funded the printing! It was madness! Why would you take on P.W. Botha at the height of his powers? Nobody would advertise with us… it lasted a full six years!

Max du Preez

They tried to kill me twice… The first time my daughter was with me… The second time... it was all rigged up to kill me, and I didn’t pitch… People pay big money for this type of exciting life!

Max du Preez

Every week The Money Show’s Bruce Whitfield interviews a famous person about her or his attitude to money (hopes and fears, successes and failures, etc.) as part of his weekly “Make Money Mondays, Personal Edition” feature.

This week Whitfield interviewed legendary journalist Max du Preez.

Du Preez rose to fame in the 80s after he founded “Vrye Weekblad”, an Afrikaans-language anti-apartheid newspaper.

While Du Preez served as Editor-in-Chief the newspaper was bombed, and his life was threatened due to his opposition to apartheid.

While at “Vrye Weekblad”, Du Preez was sentenced to six months in jail for quoting Joe Slovo, the then leader of the South African Communist Party.

The "Vrye Weekblad" broke the news of the Vlakplaas Death Squads and the role of its commander Dirk Coetzee.

In 2008 Du Preez won the Nat Nakasa Award for fearless reporting.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

By a longshot! [When asked if Vrye Weekblad was his worst financial decision ever.]

Max du Preez

We had a very comfortable middleclass [upbringing]… My mother was a teacher… My father was a part-time farmer, and financial advisor at Sanlam…

Max du Preez

The whole Vrye Weekblad thing ruined me financially…

Max du Preez

I have a long criminal record…

Max du Preez

The only good [money] decision I made was to not bring the money I made overseas back… But I’m not really good at this stuff… I

Max du Preez

I don’t own shares, I don’t have savings. I have property; it’s paid up.

Max du Preez

Do people still retire? I don’t get it…! I’m more active now than ever before. I make a fair amount of money, and I’m having great fun… I write books… I have no complaints.

Max du Preez

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