Tuesday 23 October 2018

What I Learnt From Matebese



Around the year 2000,I used to make monthly excursions to Johannesburg to buy goods which I would resale in Maseru,Lesotho.During these trips which I undertook once a month, I would bump into a slightly built ,brash Youngman who was later to learn was called Matebese.

What I Learnt From Matebese
He would travel to joburg to buy socks ,yes socks ,which he would resale in Maseru.This happened over a number of years and around the year 2005 ,He had a big shop known as Durban-Maseru.He no longer go his stuff f from Joburg but from much nearer Durban were the goods were much cheaper .He had grown to the extend that he was the proud owner of some enclosed vans which would ply the Maseru –Durban route and bring back the precious .cargo for his shops.

What was interesting about the Youngman was the fact that he had only gone to school up to grade 4.By the 2010,He had married, constructed a beautiful home in Hamatala and had ten two roomed block of flats near the National University of Lesotho which he would rent out to students and it was common knowledge at the time that he was collecting ten thousand Maluti from these investment .Due to the fact that the rentals  are going  up regularly, the this must be bringing him in  quite a tidy sum of money.

I have read somewhere that that one should not have one income stream, the exploits of this Youngman seems to be the one of the practical ways in which one can ensure that he has a diversified investment portfolio was unfortunately unable to engage him in a conversation as to what other  investments he had,but judging from the little formal education he had had this man certainly has plenty of street smarts.

The biggest tragedy for our Continent is the fact that most educated people are happier getting employment and earning a salary instead of creating employment and employing other preople.Could the cause be the Eduaction syllabi that is employed or is it a dearth of daring entreprenuership among the citizens of Africa   

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