Soccer legend Siphiwe Tshabalala on financial goals

The Nedbank Cup is on every football fan’s must-watch list, and the excitement is not limited to the on-field action. Through the MoneyEDGE platform, Nedbank is using South Africa’s passion for football to inspire authentic money conversations through Nedbank Reality Football, a series of interviews with local legends of the game.

Episode 1 features Siphiwe Tshabalala – the hero with unmistakeable dreads, known as ‘Shabba’ to legions of Kaizer Chiefs fans. He assured his place in football history when he scored the first FIFA World Cup goal on African soil in 2010, but he’s quick to admit that focusing on financial goals has been just as important.

Financial goals encourage better money choices

Shabba makes no secret of the temptations that come with football stardom. When young athletes suddenly find themselves earning good money, the urge to splash out on a flashy party lifestyle can be almost irresistible.

That’s why he encourages young sports stars to find a good money mentor and take their advice. Footballers can earn high salaries, but their careers are much shorter than most others – meaning that good investment choices and planning their post-soccer career is vital, if they want to maintain a comfortable lifestyle when their playing days are over.

Getting the right help to take care of one’s family

Shabba credits his former manager, Steve Komphela, as one of his key financial mentors. ‘You need someone that you respect to such an extent that you are scared to make mistakes,’ he says.

But his interview with broadcaster Brian Mathe – another football great who played for Chiefs – is about more than his money choices. They also talk about his career and the memorable moments along the way, how he has expanded his post-football options, and the unforgettable day when he bought his parents a house. Take a look:

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Shabba bought his parents a house and paid for it with a Nedbank home loan. Whether you’re buying, building or switching your loan, we’re here to assist you with all your questions and help you take each step in your property journey with confidence.

Get free money management tips with courses on budgeting, saving and investing on MoneyEDGE.