Tha­bile Nyaba

Financial Mail - - MONEY&INVESTING - Chief risk of­fi­cer at Old Mu­tual In­sure

If some­one came to you to­mor­row with R100m to in­vest in just one com­pany, which would it be?

It would be in an SMME that is in the in­no­va­tion space, work­ing par­tic­u­larly on chal­lenges such as SA’S wa­ter cri­sis. SMMES are im­por­tant con­trib­u­tors to the econ­omy and great ab­sorbers of the un­em­ployed.

What’s the best in­vest­ment you’ve ever made?

Fi­nan­cially, it was the pur­chase of our first prop­erty. Non­fi­nan­cially, it’s been in­vest­ing in myself, un­der­stand­ing my pur­pose in life and ex­e­cut­ing it, and in­vest­ing in my fam­ily, es­pe­cially be­ing a present and de­voted mother and wife.

What’s your favourite song?

I have so many favourite songs for dif­fer­ent oc­ca­sions. How­ever, the most sen­ti­men­tal one is from our wed­ding, 20 years ago: “My Love is Your Love” by Whit­ney Hous­ton.

Do you own bit­coin? And why?

Yes, we bought it for our son af­ter he passed ma­tric, which was his re­quest and our agree­ment.

What’s the worst in­vest­ment you’ve ever made?

I bought a stand in a “de­vel­op­ing sub­urb” that has not de­vel­oped.

How much was your first pay cheque, and what did you do with it?

I can’t re­mem­ber how much it was, but I gave it all to my par­ents as a to­ken of ap­pre­ci­a­tion for them be­ing the world’s great­est par­ents.

On what oc­ca­sion do you lie?

When I con­vince myself I have to buy that bag or pair of shoes be­cause I need it, when I ac­tu­ally don’t.

If you found a lot­tery ticket to­mor­row that had won US$100M, what would you do with it?

I’d try find the right­ful owner, as it wouldn’t be mine — I don’t play the lot­tery. I would also ask to chat to the right­ful owner, be­cause there would be a rea­son for the oc­cur­rence of this sce­nario, as ev­ery­thing hap­pens for a rea­son.

What was your first job?

I worked as an au­dit trainee in the of­fice of the au­di­tor-gen­eral.

Name a place you’ve been to that lived up to the hype.

Las Ve­gas. The vibe, hype, am­bi­ence and the glitz and glam are breath­tak­ing. I agree with the quote: “Ve­gas looks the way you’d imag­ine heaven must look at night.”

If you could fix one thing in SA to­day, what would it be?

It would def­i­nitely be un­em­ploy­ment, be­cause that has a num­ber of neg­a­tive so­cioe­co­nomic ram­i­fi­ca­tions. Statis­tics show that a very high per­cent­age of our youth is un­em­ployed. This is start­ing to be con­sid­ered chronic, and it threat­ens the fu­ture of our coun­try. I be­lieve we all need to pull to­gether on this.

What is your great­est ex­trav­a­gance?

Fam­ily hol­i­days — be­ca­sue ad­ven­tur­ous teenagers. I have

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