PLEASE NOTE:

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

 
Lerato_Dee
 
Comments: 8
Article views: 973
 
 
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
Sean Parker
Which car would you max on this r...

If given the opportunity to reach the top speed of any car on an airfield, which set of wheels would you choose to go blisteringly quick in a straight line? Read more...

0 comments 1678 views
Submitted by
Jan Badenhorst
Matric results in less than a mon...

The matric results for the 2017 matric class will be available to students at their schools, in the newspapers and online, on 5 January 2018. Read more...

0 comments 636 views
Submitted by
Tendani Siala
It is all over for NDZ

All things considered I still say an NDZ win will be nothing short of a miracle. But as we all know miracles rarely happen these days. Read more...

0 comments 7285 views
Submitted by
Balt Verhagen
South Africa IS an exceptional Af...

The present mis-rulers who are everywhere on the run had gone out of their way to repeatedly emphasise that we are ‘just another African state’ thereby showing that they are no worse than the others who failed their people.  Read more...

0 comments 988 views
Submitted by
David Rose
Can you read the situation?

The overwhelming majority of parents are not readers. This is not to say that they cannot read, but that they do not read. Reading is a foreign activity for most parents and this does not help their children's literacy. Read more...

0 comments 177 views
Submitted by
Thandisizwe Mgudlwa
Ramaphosa must lead the 'New Deal...

The New Deal would need to focus on crafting a new path after diagnosing the ills and commit all stakeholders to work together towards the most glorious future for all South Africans. Read more...

0 comments 396 views
 

services

RSS feeds News delivered really simply.

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.

 
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.