Tradition, Arts, Tourism, Hospitality, and Sport Sector Training and Coaching (Cathsseta) has revealed that it plans to introduce a monetary literacy programme for present and former PSL gamers.
Cathsseta has since engaged the Premier Soccer League (PSL) common supervisor, Andile ‘Ace’ Ngcobo, about introducing a monetary literacy programme.
CATHSSETA TO TEACH PSL PLAYERS TO MANAGE MONEY
Nevertheless, this comes after it famous a rise in former and present footballers struggling financially.
Cathsseta has it that the variety of struggling present and former soccer stars has spiked over time. The programme to be enrolled will educate gamers the way to deal with their funds.
Little question the remarks come barely per week after Kaizer Chiefs legend Reneilwe Letsholonyane hogged headlines.
The South African reported that Yeye is embroiled in a debt of over R1 million.
Studies point out that he has an impressive debt of over R450 000 and municipal levies of over R700 000.
Confirmed experiences have it that he doesn’t reside at his lush residence in Fourways, which has thrust him into the highest developments.
Talking to the media, Marks Thibela, the organisation’s Chief Government Officer, mentioned they started the talks final 12 months.
“As a result of we, as Cathsseta and PSL, imagine that we will actually provide you with an intervention, one in all them which is monetary literacy to those that are nonetheless taking part in and retired gamers,” Thibela mentioned.
He mentioned the programme could be essential to energetic gamers since most PSL gamers battle after retiring.
Nevertheless, he additionally added that footballers are inclined to battle financially after retiring in comparison with athletes from different sporting disciplines.
“We have to ask the query why within the soccer fraternity these tales are prevalent and of those guys who performed soccer abroad and returned again residence with out cash.”
“We actually want to start out the programme of getting these gamers on the way to reside a correct way of life and study as a result of to them it appears like once they have cash, driving costly automobiles that’s all, and so they don’t take into consideration tomorrow.”
FOOTBALLERS WHO HAVE MADE HEADLINES FOR THE WRONG REASONS
Nevertheless, Reneilwe Letsholonyane joins a number of footballers dragged to courtroom for failing to settle their instalments.
Final 12 months, former Orlando Pirates striker Mpho Makola was reportedly drowning in money owed. He was on the verge of dropping his R1.5 million home after failing to repay a mortgage.
Andile Jali and Thabo Qalinge are some gamers who’ve hogged headlines for the incorrect causes.
Earlier this 12 months, it was reported that Thabo Qalinge was set to lose his R4 million mansion. Studies had it that he had dribbled householders of Eye of Africa of their levies.
WHY DO FOOTBALLERS STRUGGLE FINANCIALLY AFTER RETIRING?
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