Smart Money – Nedbank’s Bridget Nkandu and Dr Frank Magwegwe

In this Smart Money with Alishia Seckam interview, Nedbank’s Bridget Nkandu and Dr Frank Magwegwe explain how South Africans nearing the end of their working careers can optimise their retirement planning for maximum gains.

Nkandu is the Executive of Strategy and New Business Development for Consumer Banking at Nedbank.

She is a finance industry veteran and is dedicated to helping Nedbank’s clients secure their financial future.

In her role, Nkandu works with a diverse team of industry experts who all share a passion for building financial solutions that positively impact South Africans.

Magwegwe is the Executive of Financial Wellness and Advisory at Nedbank and holds a PhD in Personal Finance Planning.

His academic research for his PhD focused in part on financial well-being – and he uses this knowledge to thrive in the financial sector.

Magwegwe is a well-respected thought leader in the South African financial services industry, having lectured at the Gordon Institute of Business Science and worked in key roles for Coronation Fund Managers, Alexforbes, and Momentum Retail.

The interview

In this Smart Money interview, Nkandu and Magwegwe talk about the importance of planning for your retirement.

Magwegwe explains what it means to be able to retire – answering the age-old question of “how much is enough?”

Nkandu then talks about the decisions South Africans in their 50s can make to maximise their retirement plan or get themselves back on track.

Magwegwe discusses how South Africans must account for potential health and wellness challenges that they could face during their retirement.

Nkandu then emphasizes that retired individuals need to focus on ensuring that their money works for them by investing in inflation-beating assets.

She also highlights the biggest mistakes she sees people making in their 50s, including overspending, ignoring financial planning, delaying retirement savings, and feeling too old to start new ventures.

Magwegwe concludes the interview by explaining how Nedbank can help South Africans plan for their retirement.

Watch the full interview with Bridget Nkandu and Dr Frank Magwegwe, below.