PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Lerato_Dee
 
Comments: 8
Article views: 956
 
 
Latest Badges:


 
View all Lerato_Dee's badges.
 

The indebted young SA professionals

20 June 2014, 13:16

Most young professionals do not know how to handle finances.  We put ourselves in situations that have a huge impact in our lives for the next coming 5 years or so after we go professional.

We get into the professional industry with high hopes, believes, enthusiasms but most importantly positive attitude.  Let’s look at a life of a black child after tertiary with a huge debt of fees behind them.  You walk into whatever industry you find yourself in with that debt behind you but in your head you are happy, you are settled.

You see yourself in the next 5 years with a car, nice apartment and all things good that should repay those sleepless nights of studying.

Below are facts about start up salaries of young professionals in South Africa:

1.    Government internships/ learnerships                            R5 000.00

2.    Private Companies internships                                         R5 000.00

3.    Private Companies permanent posts                               R7 500.00

A young woman/ guy walks out of the graduation centre with their degree and what they will mostly get are the figures above and with that first salary; it is enough at that time.  It looks satisfying.

A first graduate at home with that income with a family to take care of, not that it is enough to do such but you feel it is your responsibility to do so.  No one is telling you to take it easy until that time that all comes down and you realise it was not enough.  I am no better than anyone to lecture about this but this is something that is culture among black professionals.

The statistics that came out that South African young professionals are indebted is not a lie, let alone a myth.  My advice, trade easily and step in the industry looking out for you.  The private industry is not welcoming and their money is also “private”.  Don’t expect anything much from them than just helping you be able to afford a loaf of bread twice a month but the most important thing you can take is work hard and keep pushing to get there. 

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

 

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
8 comments
Comments have been closed for this article.

Read more from our Users

Submitted by
Alleyne Smith
Finding the cure for exhaustion

I'm exhausted! With every development around #GuptaLeaks, President Zuma and state capture, my level of exhaustion with what is happening in this country grows.  Read more...

0 comments 12 views
Submitted by
Sanele Sano Ngcobo
Why are they opposing National He...

We can’t once again postpone NHI, all lives matters. Students demanded free education, don’t be surprised when the next target is high quality healthcare for all.  Read more...

0 comments 778 views
Submitted by
Lisa Marcelle Hold
Youth Day 2017 - the sad reality

I have faith in our youth and I have the privilege of dealing with many young people of all races on a daily basis. Read more...

0 comments 139 views
Submitted by
Samantha Napo
State of our youth, state of our ...

As we await the next significant public holiday, let’s take the opportunity to think about our future and how we contribute to its significance. Read more...

0 comments 97 views
Submitted by
Thandolwethu Mene
Puppet Protector Busisiwe Mkhweba...

So there you have it folks. The Public Protector has ordered Parliament to amend the Constitution. Read more...

0 comments 365 views
Submitted by
Lesego Setou
Open letter to Cyril Ramaphosa: c...

Cyril Ramaphosa is starting to be remorseful of the Marikana tragedy and considering the fickleness of the reigning leadership, I do not know if it’s genuine or a necessary act to validate himself as a prospective president.  Read more...

0 comments 252 views
 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

TV Get us in your home, on your television.

 
Interactive Advertising Bureau
 
© 2017 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.