Runners rich and poor take part in Comrades each year.
Some of them are unemployed.
At R600 an entry, it’s a prohibitive expense for many.
To make matters worse; entries opened mid-month while lower-income groups typically get paid on the last day of the month.
After seeing anxious posts on social media from runners worried that all 25 000 entries would be gone by payday, “compulsive marathon runner” Stuart Mann had an epiphany:
Why not help a few fellow runners, and do a bit of a social experiment at the same time?
His idea was to provide interest-free, trust-based loans.
Mann would pay an applicant’s entire entry fee, and the runner would then pay him back once she or he had the money.
Responses to his offer came in thick and fast.
He did not harass people for payment but sent only one message with his bank account details.
Only a single runner failed to pay him back.
Listen to the interview in the audio below (and scroll down for quotes from it).
Enjoy The Money Show, but miss it sometimes?
Get the best bits emailed to you daily, right after it ends:
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Sisandile Cikido, Head of Retail Investments at Nedbank.
Razeen Dinath, a portfolio manager at Cadiz Equity, shares his stock picks of the week.
Magda Wierzycka – Sygnia’s renegade CEO – on her attitude toward money (hopes and fears, successes and failures, etc.).
"She’s just been smeared by people who don’t want her to be in office for whatever reason," says her Head of Communications.
Bruce Whitfield interviews Mike Schussler (Economists.Co.Za), Busisiwe Radebe (Nedbank) and Edward Kieswetter (Sars).
Justice Albie Sachs talks about his attitude to money (hopes and fears, successes and failures, etc.).
North West police spokesperson Colonel Adéle Myburgh says an initial autopsy on Enoch Mpianzi was conducted this morning.
The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.