However a young South African trader has managed to crack it. Sandile Shezi has successfully learnt how to trade currencies and at just 23 he's become one of the youngest multi-millionaires in the country. Shezi now wants to empower other young South Africans to do the same. Sumitra Nydoo caught up with him.
As a young boy, Sandile Shezi took all the money given to him for tuition in a particular year and used it to trade on the foreign exchange market. Today, at 23, he is one of South Africa’s youngest millionaires
Earning his stripes in the high-risk forex market through his company, Global Forex Institute, Shezi has managed to establish himself as one of South Africa’s most successful forex traders and his company one of the best in forex training.
Based at Umhlanga in South Africa, Global Forex Institute – established by Shezi and George van der Riet – brings “affordable, effective Forex training that works, to the masses.”
According to the company’s website, “In fact most of the training and mentoring provided is done so free of charge. Global Forex Institute is the only company in South Africa that provides Forex Training not for income but to help curb unemployment. Global Forex Institute makes their money from trading and their results are on the website for everyone to see. The training that Global Forex Institute does is part of the community work and their way of giving something back. Students can link their accounts to the Global Forex Fund and earn while they learn. With over 2000 clients trained Global Forex Institute is truly Africa’s leading Forex training provider.”
From age 12, Shezi had started showing a proclivity for entrepreneurship by selling muffins at school.