
Moneyweb reports that holding cash may feel safe but inflation can gradually erode its value over time. In an interview, John Manyike, head of financial education at Old Mutual, discusses strategies for beating inflation, the risks associated with keeping money in cash, and the importance of remaining invested. The discussion aims to help savers understand how inflation quietly reduces purchasing power and why long-term investment can be a more effective approach to preserving wealth.
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John Manyike, head of financial education at Old Mutual, has outlined strategies for protecting personal wealth against inflation, covering topics from fuel prices to financial markets. According to Manyike, savers should be aware of the concept of 'inflation illusion' and prioritise investments that outpace rising prices. He also warned of the risks associated with keeping cash outside the formal banking system, arguing that such practices can erode the real value of money over time.
Moneyweb·September 7, 2026 at 5:30 PM
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Watchdog Uganda·September 8, 2026 at 11:24 AM