Lessons from my mentor: 3

by Rumbidzai MashavavePotentail in a battery (1)

An example of habits to adopt are Savings and Investment:

  • Open an Old Mutual Unit Trust in Zimbabwe: @ 3% interest per annum and a minimum deposit of $100 and non compulsory monthly installments.
  • Open a non Resident Account with First National Bank (FNB) in South Africa. A minimum deposit of ZAR50 equivalent in Forex and an initial ZAR110 for each Forex.  It has a savings account with an interest rate of 5% interest per annum.  Bank charges are ZAR54 per month charged to the chequing account.
  • Research on the stock market and  invest in companies that offer potential returns in the near future. An example company is Simbisa on the stock exchange. http://www.ihsecurities.com/ is one of many that offers financial and brokerage services in Zimbabwe. it is free to subscribe and receive daily price lists and weekly summaries straight to your inbox.

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