Zain Johnson speaks to Thabo Hollo, Old Mutual Senior Programme Manager, about why more South Africans are keeping their savings in cash. Old Mutual’s 2026 Savings & Investment Monitor found that 64% of working South Africans surveyed have unbanked cash savings, compared with 40% in 2021. They unpack what is driving the trend, why it is particularly prevalent among younger South Africans, and whether keeping your savings close at hand could ultimately cost you in the long run.

Early Breakfast with Africa Melane is 702’s and CapeTalk’s early morning talk show. Experienced broadcaster Africa Melane brings you the early morning news, sports, business, and interviews politicians and analysts to help make sense of the world. He also enjoys chatting to guests in the lifestyle sphere and the Arts. All the interviews are podcasted for you to catch-up and listen. 
 
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