High Interest, Empty Wallets: SA’s Savings Crisis Explained

Eighty20 Director Andrew Fulton breaks down the paradox shaping South Africa’s savings landscape. Banks are offering some of the highest savings' rates in years — yet FinScope data shows nearly two‑thirds of adults have no emergency savings. We unpack the savings intention gap, the rise of “saving down” through debt repayment, the role of digital banks, and why stokvels remain a lifeline under pressure. www.kaya959.co.za