BSE encourages youth to buy shares
Oageng Batenegi | Wednesday June 1, 2016 14:34
He said a lot of people do not know the BSE mandate and are therefore losing on an opportunity to secure their future.
“When one buys shares, one buys part of a company and this can be for short or long term. “The price of the shares is determined by the performance of the company, and sometimes it takes time to reap rewards, but the investor has to remain focused,” he said.
Segwe explained to the youth that the BSE is also an alternative vehicle of raising capital. He said shares are a better investment and less risky than the usual traditional investment of Motshelo and cattle.
Therefore, young entrepreneurs can use the opportunity of the investment shares to grow their businesses. “It is also some kind of an alternative from taking a loan at the bank,” explained Segwe.
He encouraged the youth to join BSE in their corporate publicity campaigns or come to their office for more information about investment in shares.
Other forms of investment can be bonds, property, insurance, pension fund and unit trusts, said Setshwano Ngope of MerlotWEALTH. She said there is need for the change of narrative for young people in the country on issues of money and investment.
Ngope, a wealth management expert and former banker, told young entrepreneurs that the way they manage their personal finance translates into that of their business.
“Manage your money and limit expenses,” advised Ngope.
She said if we can be prosperous as individuals in issues of financial investment, the nation could be prosperous.
“Live within your means,” cautioned Ngope, who added that investment always has to start somewhere. Managing director of Oseg Group, Majakathata Pheko, who was also part of the panel added that entrepreneurship is a journey. He told the young entrepreneurs that there is a lot of patience involved in business.
He said when he started his business, he was not making profit, but remained patient. Pheko said through the challenges his business stood the test of time and had grown satisfactorily today. Pheko said some of the challenges that a new business face include lack of sufficient market, no networks and poor capital investment. However, strong branding, networking and a good relationship with stakeholders such as the media can help grow one’s business.
He said the youth should remain focused and be creative to grow their businesses. “You have to dream wealth. Perseverance and determination helps in business,” advised Pheko. He concluded that young entrepreneurs should have a unique selling proposition for their products to survive competition.