Former soccer stars like Reneilwe Yeye Letsholonyane and current players, will soon be trained about financial literacy by the Culture, Arts, Tourism Hospitality and Sport Sector Education and Training (Cathsseta), as many struggle after hanging up their boots.
The Cathsseta said it had noted with concern the spike of many former football stars who are financially struggling after their careers ended.
Marks Thibela, the Chief Executive Officer of the organisation, said that during a sit-down interview with IOL News, at the conference, in Birchwood Hotel in Boksburg on September 4.
The conference was aimed at discussing challenges in the labour market and the absorption of skills into the economy.
Thibela said they have already started discussions with the former Fifa referee and general manager of Premier Soccer League (PSL) Andile Ace Ngcobo about introducing the financial literacy programme.
