During the month of October, the Financial Planning Society hosted their closing function. The purpose of the event was for the guest speakers to share their knowledge of the financial planning industry and how to handle money. The first guest speaker was Jon-Paul Raper, a Financial Planner and business owner of ITSHE Business Solutions. The second guest speaker in attendance was Sive Loyilane, an executive Financial Planner at Standard Bank.


The outgoing vice-president, Mr Choonga Mudenda started off by greeting everyone in the audience. The MC, Sakhumzi introduced the first guest speaker.

The topic for Mr Raper’s presentation was – Invest in your dreams. He first explained the difference between savings and investing. People must know the reasons for investing and there will always be obstacles stopping them from achieving their goals. To grow one’s wealth, long term investing is essential such as investing in equities. A client must have short, medium and long term goals in order to increase their wealth. The poor working class has a dependant mind set with no assets and always first spending their income on expenses. The middle class has many liabilities but at least they have small amount of income left. The high working class has assets which are greater than their liabilities. Mr Raper suggested that clients download the 22 Seven App, where it tracks their spending habits and assists in budgeting. As one of the owners’ of ITSHE Business Solutions, they desire is to focus on providing holistic client advice, innovation and encourage forward thinking.

Zuko, the IsiXhosa poet, gave an uplifting performance to energise the audience.

The second guest speaker, Sive Loyilane started off by mentioning values for his clients. The values are to provide simple, honest, accurate information and great service to clients. He advised that financial planning graduates must first be part of a graduate programme to gain the necessary skills to operate. The financial services industry needs to have competent and qualified financial planners. According to Mr Loyilane he achieved his five year plan resulting in the CFP designation being financially rewarding. The negative part of this industry is the many FAIS complaints due to the wrongdoing of financial planners. He ended off by stating that a financial planner’s job is satisfying customers simply.

The MC facilitated the Question and Answer Session. Mainly the questions were about how to present oneself as a potential financial planner and be a better competent employee over others. The guest speakers answered all the questions to the best of their ability and the people who asked were happy with the responses.

The president, Elizabeth Banda and treasurer, Digansh Sanassee of 2019 addressed the audience with how the year was for the society followed by the gifts ceremony, with the events planner, Nikitha Mtsi, the facilitator. The announcement of the 2020 executive committee was done by the secretary, Vuyolwethu Nyati and marketing relations officer, Thandolwethu Mboniswa of 2019. Miss Sambesiwe Mbewu, the new president of 2020 addressed the audience with her presidential speech. The current executive received certificates for diligence, commitment and service in growing the society. Lina, the singer mesmerised the audience with her sweet voice. Ending off a successful year for the society, Khayalethu Khoza, the outgoing human resources officer thanked everyone for coming to the event.