Money on a Monday: Why are banks rewarding us for spending more?

Many banks are now offering rewards to incentivise clients for spending, rather than saving. Does this mean that banks are discouraging people from saving their money? John Maytham, standing in for Lester Kiewit, speaks to finance journalist Maya Fisher-French to make some sense of it all. Lester Kiewit brings you a fresh and reliable start to the day on Good Morning Cape Town with Lester Kiewit. The show covers the stories that matter to Cape Town, with clear, thoughtful conversations and a focus on what’s relevant and interesting. Thank you for listening. Catch the show live on Primedia+ weekdays from 6 am to 9 am (South African time) https://buff.ly/NnFM3Nk Find more from the show, and all catch‑up podcasts on Primedia+ https://buff.ly/xGkqLbT Subscribe to the CapeTalk newsletters to stay up to date https://buff.ly/sbvVZD5  Let’s keep the conversation going online:  CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.