Miners need personal financial management skills


MINERS need to acquire vital skills of personal financial management so that they are able to manage their resources properly after being retired or retrenched, says Mineworkers Union of Zambia (MUZ) president Nkole Chishimba.

Mr Chishimba said MUZ would like to see a situation where miners were properly equipped with personal financial management skills so that they were able to manage their resources and running viable businesses after being retrenched or retired from the mines.

Mr Chishimba, who is Zambia Congress of Trade Union (ZCTU) president, was speaking yesterday at Katilungu House in Kitwe at the First National Bank (FNB) Zambia Limited workshop on the Financial Literacy Launch with MUZ.

The workshop was attended by shop stewards from various branches of MUZ and the vision behind the initiative was to educate Zambians on the importance of managing their finances and other related matters judiciously.

“The vision behind this initiative is to educate the Zambian people on the importance of managing their finances and other related matters judiciously. The key components of this programme are saving, investing, budgeting, responsible borrowing and preparing for retirement.

“As MUZ, we would like to express our gratitude to FNB Zambia Limited for conducting the financial literacy sessions in the MUZ branches,

“ FNB runs a financial literacy programme under the theme ‘Be Financially Smart’. MUZ looks forward to partnering with FNB as together we can add value to the miners in the area of personal financial management,”Mr Chishimba said.

He said the Financial Literacy Programme also supported the national strategy on Financial Education for Zambia which was launched in July 2012 and that MUZ was happy to learn that FNB did not charge anything, but simply added on to the many services and products it was providing to the Zambia people.

And speaking later FNB consumer educator Humphrey Kalumbu said the MUZ president had delivered an inspiring speech to the participants, adding that FNB would always work in partnership with MUZ in providing vital personal financial management skills to the miners.

Mr Kalumbu said information was power and so it was important that miners were well-equipped with vital information on

Categorized | Business

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