Why South Africans Stay Broke: Alcohol, Gambling & Materialism | Moloko Makgele.

In this eye-opening episode of The Witness Mdaka Podcast, we sit down with Moloko Makgele, a seasoned investment and fund pricing specialist with over 15 years of experience in financial institutions like Sanlam Investments, ABSA Fund Managers, and Alexander Forbes. Moloko dives deep into the real reasons South Africans, especially black communities, stay financially stuck—despite having access to jobs, income, and opportunities. From alcohol and gambling addictions to toxic materialism and gender-based spending habits, this episode uncovers hard truths about money culture in SA. 🎯 We explore: Why many prioritize entertainment over investments The psychological traps of township and urban lifestyles Systemic issues contributing to poverty and financial illiteracy Real steps to break the cycle and build generational wealth If you're serious about economic empowerment, black wealth, and financial transformation, this is a must-watch. 🔔 Subscribe to It's More Than Just Money Movement for more raw, practical, and inspiring content! Join us in empowering businesses and individuals through valuable content on finance, business, and property investment. Whether you want to sponsor, collaborate, or be a guest on our platform, we'd love to hear from you! 📩 Email us at: [email protected] to explore partnership opportunities. The price of the book is R350 excluding courier. Courier is R110 anywhere in SA. Total cost is R460. To Purchase The Book Via EFT: Account Holder: QGI CONSULTING AND PUBLISHING FNB ACCOUNT: 62864397601 Branch Code: 250655 Reference: Your name and surname Send the proof of payment as well as your address and contact number to: [email protected] 010 023 6001 WhatsApp 062 766 5612 #BlackWealth #FinancialFreedom #SouthAfrica #MolokoMakgele #WitnessMdaka #SocioEconomicIssues #BlackMoneyMatters #MoneyMindset #PovertyCycle #WealthBuilding #GamblingAddiction #Materialism