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South Africans saying goodbye to cash | SA News


Even in sectors like South Africa’s informal economy, where cash remains the dominant form of payment, most spaza shops have adopted card payments.

This was revealed in a recent snap survey of spaza shop operators conducted by Yebo Fresh. The research focused on 2,769 spazas and 20 midi wholesalers, who mostly supply the spaza shops.

At the same time, data from banks shows that people are increasingly favouring digital payments over cash.

First National Bank’s latest data revealed that the digital-to-cash…

Online News Growth: The shift to digital media has transformed how news is
consumed, with many readers preferring online platforms.

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  1. Fun South African Fact: Can you think of any other place in the world where two Nobel Peace Prize winners lived on the same street? Both Nelson Mandela and Archbishop Desmond Tutu had houses on Vilakazi Street in Soweto.