What happens when you suddenly hear that you are going to be retrenched? How do you prepare yourself and what and how do you plan for the future?
Mpume Ncube-Daka, host of Change Conversations, is joined by Phumelele Ndumo. Phumelele is a financial advisor, an author of two books, one of which is called “From Debt to Riches” and a radio contributor, and she also regularly shares her financial management insights with corporates.
In this discussion today, they talk about job retrenchment. The news of a possible retrenchment is often scary and affects people differently, depending on where one is in their career, but Phumelele shares some insights on how best to prepare for it. In this conversation, Phumelele defines retrenchment, speaks about voluntary and involuntary retrenchment, and the financial implications that come with it. Retrenchment definitely changes your life, and it can be a rude awakening, but Phume advises that while you still can, take precautions and make the necessary arrangements according to your needs post
* Disclaimer: Any information shared here is not intended nor does it constitute, tax, legal or any other financial advice. Before making any decision or taking any action regarding any finances, please consult a qualified financial advisor.
Connect directly:
Phumelele Ndumo – [email protected] / Office Line: 011 568 2635 / Cell: 068 195 4028 / FB: Thuthuka SA
Mpume Ncube-Daka – IG&FB. @Change Conversations with Mpume / YouTube: Change Conversations with Mpume / Website: www.changeconversations.co.za