"Umuntu ngumuntu ngabantu" | Zulu Proverb
“The central tenet of the so-called ubuntu philosophy, umuntu ngumuntu ngabantu, literally translates to "a person is a person through persons."” Jennifer L. Beight
Given the communal and interconnectedness that this African proverb highlights, it is no surprise that this connectedness seeps into financial areas. With the economic and financial disparities that Africans face, the need to support one another becomes even more prevalent.
In this episode, we delve deeper into ‘black tax’, defined by Investec as “A term for financial support that a professional or entrepreneur of colour is obliged to provide to their family on a continuous basis outside of their own living expenses. Sometimes it is taken on subconsciously, as a kind of payback for sacrifices made by previous generations or family members.”
How do you feel about black tax? Is generational wealth a myth for historically oppressed communities? How do you manage expectations with reality?
Zim Shoutout: Mazviona Madzima
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