Mind Your Money with Razael Manikus - 938 Culture Capital with Kea Boya
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In this hard-hitting financial conversation, Kea Boya sits down with Razael Manikus, Chief Operating Officer at Latita Africa to unpack one of South Africa’s most pressing realities the rising cost of living on credit.
As more middle-class South Africans turn to credit cards just to get through the month, this episode asks the tough questions: What does this say about financial stability in the country today? And at what point does “getting by” quietly turn into long-term financial strain?
Razael breaks down the real risks of using credit for everyday survival instead of emergencies, and how this habit can slowly reshape a person’s financial future. The discussion also explores the difficult trade-offs many people make like prioritising home loans while falling behind on credit cards and what that means for your credit profile over time.
We go deeper into the idea of a “debt cycle”: how it starts, how it tightens, and the warning signs that someone may already be in it without realising. Finally, the conversation touches on the compliance side of over-indebtedness, including how it can affect your broader financial record and obligations with SARS.
This is an honest, practical, and necessary conversation about money, pressure, and survival in modern South Africa.
As more middle-class South Africans turn to credit cards just to get through the month, this episode asks the tough questions: What does this say about financial stability in the country today? And at what point does “getting by” quietly turn into long-term financial strain?
Razael breaks down the real risks of using credit for everyday survival instead of emergencies, and how this habit can slowly reshape a person’s financial future. The discussion also explores the difficult trade-offs many people make like prioritising home loans while falling behind on credit cards and what that means for your credit profile over time.
We go deeper into the idea of a “debt cycle”: how it starts, how it tightens, and the warning signs that someone may already be in it without realising. Finally, the conversation touches on the compliance side of over-indebtedness, including how it can affect your broader financial record and obligations with SARS.
This is an honest, practical, and necessary conversation about money, pressure, and survival in modern South Africa.
