We engaged our MzansiVoice panelists to discuss about political and financial freedom.
VIEWS ON FREEDOM 29 YEARS AFTER THE 1994 ELECTIONS
There are equal rights for all and freedom is evident in modern-day South Africa. The right to vote and freedom of speech are recognized and valued by the public.
Current levels of poverty and unemployment are perceived to have replaced physical segregation with a divide between the rich and poor, which casts a shadow over the freedom that was fought for.
“Political freedom was won for all, unfortunately economic freedom has not improved…Poverty is extreme, and inequality continues.” – Male, 35 – 49 years
POLITICAL FREEDOM AND FINANCIAL FREEDOM
Most households are still not financially independent. The common belief is that political emancipation has been achieved but not financial freedom, based on the real struggle experienced by people to make ends meet.
ACHIEVING FINANCIAL FREEDOM
Budgeting, saving money, and investing are key stepping stones towards financial wellness. Most South Africans, in their quest for survival, now have side hustles to augment their income. Life is getting harder for everyone, be they employed or not.
“Financial freedom means no debt, living comfortably and not working from hand to mouth.” – Female, 25 – 34 years
WAYS TO ATTAIN FINANCIAL FREEDOM
Key to marching towards financial independence, will be financial education (to empower the general public to make informed financial decisions).
FINANCIAL EDUCATION CAN PROMOTE FINANCIAL FREEDOM
Our panelists strongly believe that financial education through trusted information sources such as banks and financial advisors could improve their knowledge and manner of relating with finances.