One of Mzansi's favourite media personality, Tbo Touch, real name Thabo Molefe, is never one to hold back when it comes to sharing his opinion. Recently, he turned his attention to how people manage their finances, especially when it comes to car purchases.
In a recent interview, Touch shared his thoughts on those who treat car ownership as a status symbol. Spoiler alert: he's not a fan.
“It is foolish to brag about cars when we all know that banks win in that transaction,” Touch bluntly stated.
And just when you thought it couldn’t get any bolder, he added: “Unless you buy it cash, which is the dumbest thing to do. We need to move away from bragging about cars.”
Touch made it clear that for him, there’s no need to splash the cash on something that isn’t a good investment. Instead of jumping into car ownership, he would rather take an Uber than spend his hard-earned money on something he feels doesn’t offer long-term value.
For him, flexing with a car just doesn’t make financial sense.
Touch’s comments have clearly touched a nerve. In a country where car ownership is often seen as a status symbol, his views on smart spending are sparking some serious debate.
According to Tbo Touch, purchasing a car cash is the dumbest thing to do. pic.twitter.com/zFFyUVqgrR
@KaroroMitchelle commented: “Instead of paying R200k cash for a car you prefer R350k for 5 years... Honestly that's what I call stupid.”
Instead of paying R200k cash for a car you prefer R350k for 5 years... Honestly that's what I call stupid
— Mitchelle Karoro (@KaroroMitchelle) September 17, 2024
“Covid showed people flames…buying a standard car cash is not dumb as one can always make a plan to maintain a paid up car when financially strained than the stress of losing a car and bouncing debits.
“This whole debate of depreciating assets is not really practical to many people,” commented another.
Covid showed people flames…buying a standard car cash is not dumb as one can always make a plan to maintain a paid up car when financially strained than the stress of losing a car and bouncing debits. This whole debate of depreciating assets is not really practical to many…
— Sabali (@BlaqSabali) September 17, 2024
“He doesn't have money,“ @FootballStage_1 wrote.
He doesn't have money
— FootballStage (@FootballStage_1) September 17, 2024
@Simphiweyinkoc_also wrote: “AKA was right 😩”
In the past, both the late rapper AKA and Touch expressed similar financial mindsets, advocating for smarter investments over flashy spending.
AKA, known for his outspoken opinions on money management, once praised Touch in an interview, calling him a sharp businessman who navigated the entertainment industry without falling into the traps of materialistic displays.
AKA was right 😩
— sɪᴍ (@Simphiweyinkoc_) September 17, 2024