Streaming issues? Report here
money-show-thumbnailjpg money-show-thumbnailjpg
The Money Show with Bruce Whitfield
18:00 - 20:00
volume_up
volume_mute

Up Next: The Aubrey Masango Show
See full line-up
The Money Show with Bruce Whitfield
18:00 - 20:00
Home
arrow_forward
Business
fiber_manual_record
Lifestyle

Zwelinzima Vavi answers deeply personal questions about money

6 August 2018 8:30 PM
Tags:
Cosatu
Zwelinzima Vavi
Congress Of South African Trade Unions
Make Money Mondays
saftu
money beliefs
SA Federation of Trade Unions
make money mondays personal edition

Bruce Whitfield interviews the legendary trade unionist about his attitude toward money (hopes, fears, successes, failures, etc.).
Zwelinzima Vavi. Picture: EWN

Look at what we wear! Look at our houses! Look at our last holidays! Look at the schools to which we’re taking our kids! Look at the cars we drive! Look at the labels of the clothes we wear! I hate that!

Zwelinzima Vavi, SA Federation of Trade Unions

My first salary at the NUM was R300, signed by absolute hero of mine, at the time, Cyril Ramaphosa… some people that were heroes yesterday are not heroes today… It [Marikana] is a blot in his career in my eyes, forever.

Zwelinzima Vavi, SA Federation of Trade Unions

I hate inequality! I hate living in a country with so much wealth yet so many people are trapped living paupers’ lives… but I’m a realist. I know you can’t defeat capitalism in South Africa… you can’t live in a utopian dream… We have to engage with the system of capitalism…

Zwelinzima Vavi, SA Federation of Trade Unions

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 “Make Money Mondays, Personal Edition” feature.

This week Whitfield interviewed legendary trade unionist Zwelinzima Vavi.

Vavi is the General Secretary of the SA Federation of Trade Unions (Saftu) and the former General Secretary of the Congress of South African Trade Unions (Cosatu).

The 55-year-old Vavi was born one of five sons and seven sisters, on a farm in Hanover in the Northern Cape.

His father was a mineworker.

In 1987 Vavi worked as a uranium plant clerk at Vaal Reefs mine and joined the National Union of Mineworkers.

Later he was fired from AngloGold following a crippling miners' strike; he then joined Cosatu as a volunteer and became General Secretary in 1999.

In 2015 Cosatu voted to expel Vavi.

  • What does Vavi believe about money?

  • Does it keep him up at night?

  • Does he spend like crazy or save compulsively?

  • How did his childhood experiences shape his views on money?

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

Not a great day for me… my sister has been rushed to hospital… with a problem with her heart following the death of her husband… she has never been the same after that…

Zwelinzima Vavi, SA Federation of Trade Unions

Life was absolutely tough… My name is linked to the Sharpeville massacre…

Zwelinzima Vavi, SA Federation of Trade Unions

You would not believe what farmworkers go through 24 years into democracy… For workers in urban areas, it means more land close to opportunities to work… The discussion sometimes obscures the different realities…

Zwelinzima Vavi, SA Federation of Trade Unions

Who is going to expropriate? Advancing which class interest? Who is going to be beneficiaries? We don’t want a repeat of the mistakes we have seen… a hullabaloo about expropriation, and then it ends up in a BEE tycoon’s hands… this is a very important class issue…

Zwelinzima Vavi, SA Federation of Trade Unions

Money is important to everybody… nobody wants to be trapped [in poverty]…

Zwelinzima Vavi, SA Federation of Trade Unions

I’ve always understood that even the middle strata must be conscientised that South African can never be free until we uplift the 55% of South Africans who live in poverty…

Zwelinzima Vavi, SA Federation of Trade Unions

Animals will never betray you, but humans do that all the time!

Zwelinzima Vavi, SA Federation of Trade Unions

I’m number 10 of 12 living [siblings]… Up to today, I struggle to eat alone!

Zwelinzima Vavi, SA Federation of Trade Unions

I do [invest]… I’m doing the best I can so that if something happens to me tonight… there is something that will save me from a pauper’s life.

Zwelinzima Vavi, SA Federation of Trade Unions

I’ve put my retirement fund with the investment institutions…

Zwelinzima Vavi, SA Federation of Trade Unions

I don’t drink. I don’t smoke. I consider that money wasted…

Zwelinzima Vavi, SA Federation of Trade Unions

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:


6 August 2018 8:30 PM
Tags:
Cosatu
Zwelinzima Vavi
Congress Of South African Trade Unions
Make Money Mondays
saftu
money beliefs
SA Federation of Trade Unions
make money mondays personal edition

More from Make Money Mondays

John Perlman

'We lived in a big house with a pool. But my parents were anxious about money'

14 September 2020 8:08 PM

Bruce Whitfield interviews 702 presenter John Perlman about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

David Klatzow Knysna fires

Famed forensic scientist David Klatzow (Gavin Watson, Helderberg crash) on money

31 August 2020 8:19 PM

Bruce Whitfield interviews David Klatzow about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

Derek Hanekom 702

ANC stalwart Derek Hanekom opens up about his money and beliefs about it

24 August 2020 5:26 PM

Bruce Whitfield talks to anti-apartheid activist Derek Hanekom about his attitude to money (hopes, fears, successes, failures...)

Share this:
Read More arrow_forward

Consumer journalist Wendy Knowler CapeTalk studio

I was born to a life of white privilege – Wendy Knowler, consumer journalist

17 August 2020 8:09 PM

The Money Show’s Bruce Whitfield interviews Knowler about her attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

Ferrari

I collect cars. I’m a big Aston Martin and Ferrari guy - Vusi Thembekwayo

3 August 2020 8:06 PM

Bruce Whitfield interviews Vusi Thembekwayo about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

Saki Macozoma

'ANC has good policies, but implementation is lacking and corruption is endemic'

27 July 2020 8:28 PM

Bruce Whitfield interviews former ANC MP Saki Macozoma about his attitude to money (hopes and fears, successes and failures, etc.)

Share this:
Read More arrow_forward

Herschel Jawitz

Real estate royalty Herschel Jawitz comes clean about his money habits, beliefs

20 July 2020 8:13 PM

Bruce Whitfield talks to Jawitz Properties CEO Herschel Jawitz about his attitude to money (hopes, fears, successes, failures...).

Share this:
Read More arrow_forward

160520DineoMoeketsi.jpg

'I spend extravagantly on shoes. I have various pairs of Christian Louboutin'

13 July 2020 8:15 PM

Arabile Gumede interviews actress Dineo Moeketsi (Langa) about her attitude to money and beliefs about it.

Share this:
Read More arrow_forward

Aisha Pandor SweepSouth Alen Ribic

Job won’t make you rich. You must earn in your sleep - Aisha Pandor, SweepSouth

6 July 2020 8:39 PM

Bruce Whitfield talks to SweepSouth cofounder Aisha Pandor about her attitude to money (hopes and fears, successes and failures).

Share this:
Read More arrow_forward

Eon de Vos

What in the world happened to Eon de Vos? And what does he believe about money?

29 June 2020 8:30 PM

Bruce Whitfield interviews Eon de Vos about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

More from Evergreen Content

Missing Image Placeholder

How to save and buy an island (you need only R2000 per month)

15 October 2019 3:36 PM

Saving money on boring stuff such as a car can allow you to do really outrageous and courageous stuff, says Sam Beckbessinger.

Share this:
Read More arrow_forward

Marketing

Marketing is becoming the single most important key to success in small business

2 August 2019 2:30 PM

'Marketing' is not 'sales'. It’s not noise. It's a science, and you must get it right, says Pavlo Phitidis.

Share this:
Read More arrow_forward

Kahn Morbee

Kahn Morbee (real name 'Dingaan') of The Parlotones opens up about his money

1 August 2019 8:20 PM

The Money Show’s Bruce Whitfield interviews Morbee about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

Flower

How to build a resilient small business

30 July 2019 8:12 PM

Small business guru Pavlo Phitidis on the basics of building a resilient business. He gives clear guidelines for getting it right.

Share this:
Read More arrow_forward

Four cousins Van Loveren

Story of Van Loveren Vineyards and 'Four Cousins', SA's top-selling bottled wine

29 July 2019 8:28 PM

Bruce Whitfield interviews Phillip Retief, CEO at Van Loveren Vineyards, the origin of the SA's top-selling wine, "Four Cousins".

Share this:
Read More arrow_forward

darren-whackhead-simpsonjpg

Going broke scares me, because I've been there - Darren 'Whackhead' Simpson

25 July 2019 6:26 PM

Bruce Whitfield interviews Darren ‘Whackhead’ Simpson about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

Bruce Fordyce

Bruce Fordyce – one of South Africa’s all-time greats - bares his soul

24 July 2019 7:53 PM

The Money Show’s Bruce Whitfield interviews athlete about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

Spaza shop

Foreigners rule informal trading (outcompeting even Shoprite). Consumers win!

10 July 2019 7:01 PM

About 20% of every rand spent in South Africa goes to informal stores, mostly foreign-run. GG Alcock on his book “KasiNomics".

Share this:
Read More arrow_forward

Adri Williams Khayelitsha Cookies

Adri Williams - Ubuntu personified - saved Khayelitsha Cookies and changed lives

9 July 2019 6:30 PM

Bruce Whitfield interviews Williams about her transformative business delivering quality cookies to hotels and Pick n Pay.

Share this:
Read More arrow_forward

Hourglass cash money

How to escape the tyranny of 'project-based revenues'

7 May 2019 6:08 PM

The Money Show’s Bruce Whitfield interviews small business guru Pavlo Phitidis, founder of Aurik Business Accelerator.

Share this:
Read More arrow_forward