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[LISTEN] How to survive retrenchment

| Personal Financial Advisor Warren Ingram says people should prepare their finances beforehand in case of a retrenchment.

JOHANNESBURG - Personal Financial Advisor Warren Ingram says people must think about retrenchment when finalising their monthly finances.

Ingram says one should reflect on their industry and the future of that industry and prepare themselves for possible retrenchments and then act on it.

He says preparation is important because if one has enough money to cover their expenses for a while, they are able to negotiate with recruiters when looking for a job.

He says a lot of South Africans who get retrenched rush to cash in their provident fund monies, he advises people not to do that.

Listen to the audio above for more

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