Money Retention

I am a firm believer in the circulation of money in a community before exiting. This is the concept that money circulates more in White, Indian and Chinese communities than it does in African communities.

The reason for these are not simple. If they were we would have sorted them out a long time ago. And these are the ones I can think of:

Lack of services required: The lack of services required is very wide spread in our communities. Some of these are self inflicted. A simple example of such will be the hospitality industry. A patty in the middle of a bun is a burger. We have little or no places that serve these in the townships, depending on the size of the township. The general consensus among people (customers and service providers alike) is that we prefer African Cuisine and Braai in the townships. Yet we flock to town in our droves and buy those burgers when there. Then there is the not self inflicted ones. Like insurance accredited panel-beaters. This is because our businesses are mostly not formalised. On top of that they do not have the capital to when formalised, built a state of the art service centre. The first one is a mindset issue while the second one is a capital issue. Yet they both end up at the same place. This services is not available in your township.

Believe that some services are superior: This happens when services are offered in both the township (African areas) and town/suburbs (Non-African areas). Example would be your local butcher, pub or restaurant. You will know that they are there. However when you reach a certain level of income. You will believe that you deserve better. And usually this translates to something outside the township. Most of the time forgetting that the same beverage you consume in town and in the township where manufactured in the same place.

Believe that some services are superior: This happens when services are offered in both the township (African areas) and town/suburbs (Non-African areas). Example would be your local butcher, pub or restaurant. You will know that they are there. However when you reach a certain level of income. You will believe that you deserve better. And usually this translates to something outside the township. Most of the time forgetting that the same beverage you consume in town and in the township where manufactured in the same place.