Luvo Manyonga, a former Olympic athlete, earned millions, which he misspent. The track and field star shared that he now relies on money from the government.
Walter De Wet, a financial advisor in Cape Town, explained to Briefly News how athletes can secure their funds after leaving the industryOlympian Luvo Manyonga went from having millions in his bank account to depending on R350 from the government.
Sphelele Kwaza, Luvo's uncle and friend, told producers that at least R400,000 was spent on monthly accommodation at a fancy hotel, where they partied to their heart's content. 2016 Olympic silver medallist Luvo Manyonga, who now depends on money from the government, became an ambassador for Clinix Health Group. Image: Thabiso Mosia"I can assist in creating awareness about substance use disorders and addiction. I believe that through telling my story, I can help others. I'm in a much better space now.
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