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{
    "id": 1241391,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1241391/?format=api",
    "text_counter": 81,
    "type": "speech",
    "speaker_name": "Sen. (Dr.) Khalwale",
    "speaker_title": "",
    "speaker": {
        "id": 170,
        "legal_name": "Bonny Khalwale",
        "slug": "bonny-khalwale"
    },
    "content": "how to manage it. That management includes an idea of how you will spend it. You people with fat English call it “budgeting”. Beyond that, you should have knowledge of how to use the money. You people call it in fat English as “investing”. We need these basic skills so that these people run out of business. This issue is so serious. I remember 10 to 15 years ago, there was the disaster of pyramid schemes. Some of the Ponzi schemes that existed in this country were actually being perpetrated by elected MPs capitalizing on what I have called here financial illiteracy. I, therefore, appeal to the Committee to take up this matter seriously because this gentleman is actually indicting the Parliament that we are sleeping on our job. We should have a watertight piece of legislation to throw these people completely out of business. Mr. Deputy Speaker, Sir, with those few remarks, I strongly support this Petition."
}