Make Money Mondays, Evergreen Content

Sars hit TKZee founder Zwai Bala for R3 million (and other ‘money’ confessions)

(Also read: Does winning a SAMA make you rich? Loyiso Bala of Bala Bros opens up about money)

What I could see in my head was being like Michael Jackson… people thought I was crazy…

Zwai Bala

We [TKZee] got into trouble! People need to know this. The taxman came after us… I alone was hit for close to R3 million… We were charged with a civil and criminal case… Now I’m very thorough! That experience for me was so good… probably the greatest lesson of my life.

Zwai Bala

I listen to your show almost religiously…

Zwai Bala

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 famed musician Zwai Bala.

Bala is, probably, most well known as a cofounder of TKZee.

My brother started TKZee. You can imagine boys of 20 or 21; they were literally millionaires! It scared me what money could do…

Loyiso Bala

In 1988, when he was 12, Zwai Bala became the first black member of the Drakensburg Boys' Choir School.

In 1995, he cofound Kwaito group TKZee.

Sales of TKZee’s “Shibobo” topped 100 000 within a month of its release in 1998, making it the largest selling CD single by a South African ever.

  • But what is it that Bala believes 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/or scroll down for more quotes from it).

For us who did the Bantu Education thing… It was about passing… We used to sing, ‘One plus one equals two!’… It’s a pity our education system, then and now, doesn’t quite take care of kids like us…

Zwai Bala

I was 13 [when his dad died].

Zwai Bala

I’ve always been a weird kid…

Zwai Bala

He [father] had a reputation as a great singer…

Zwai Bala

I’m thinking of building schools…

Zwai Bala

I was teaching at Hoërskool Randburg and singing cover songs… I’d get paid R400… the greater value is in the spinoffs…

Zwai Bala

Music software, online courses… [when asked what he spends money on]. I don’t waste as much as I used to… These days, home improvement… there isn’t much to splash around… Maybe a good meal…?

Zwai Bala

Going through a divorce right now…

Zwai Bala

I’ve never been worried about money… I like big dreams, and being patient… My relationship with money has always been, kind of, healthy… I don’t like getting into debt… I’d rather be clean.

Zwai Bala

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