64% of South Africans save cash under a mattress

[Declan Thompson]

64% of South Africans save cash under a mattress

64% of working South Africans keep cash saved at home rather than inside the bank, according to a newly released report from Old Mutual.

 

[Lupus]

Some in couches

 

[ToxicBunny]

Some in couches

Well if its good enough for El Presidente, then its good enough for them.

 

[Smiggles]

There's a sucker born every minute.

 

[Sideshow Bob]

64% of South Africans save cash under a mattress

64% of working South Africans keep cash saved at home rather than inside the bank, according to a newly released report from Old Mutual.

crazy if really close to 64%

 

[DarkStarMonday]

Some people even save it in their spare bedrooms, on their phala phala game farm.

 

[bwana]

Why not. Banks charge for everything, if you don’t have much to start with why give it away.

 

[FiestaST]

We need the cash is trash gang (bang) to chime in.

 

[Roo!]

Some in couches

Came here to say the same

 

[Magnum]

Came here to say the same

Who has a couch in this economy?

 

[Devo1]

People have money to save?

 

[Mike Hoxbig]

That's a lot of people named Cyril...

 

[Zellephant]

64% of South Africans save cash under a mattress

64% of working South Africans keep cash saved at home rather than inside the bank, according to a newly released report from Old Mutual.

The article doesn’t say they exclusively keep cash saved at home.

I find the number low actually, one would think almost 100% of people keep an emergency stash of cash at home. Also, for everyday use, it’s not as if we earn interest on our transactional accounts in SA, so what difference does it make if it’s in the bank or in a shoebox

 

[Hemi300c]

Some in their Bras

 

[Steamy Tom]

80% of people save f all so you are 100% full of kak

 

[Bad Ballie]

A lot of people keep cash at home; the only reason this would ever be an issue is lost income for government and banks as far as I can see. Well becoming a victim of crime is also high up there, but the move towards cashless is more about control and taxation more than anything else if we are perfectly honest.

 

[mr_norris]

Banks Under Siege