GUEST – John Manyike - Old Mutual Group Head of Financial Education.
Old Mutual Group Head of Financial Education, John Manyike to join us to discuss a growing crisis affecting working South Africans – the increasing reliance on gambling and early two-pot withdrawals to survive financially.
The recently released 2025 Old Mutual Savings & Investment Monitor (OMSIM) paints a concerning picture of financial desperation:
52% of working South Africans are gambling – often to pay off debt or cover monthly expenses.
31% are already dipping into their pension funds through the two-pot system, risking long-term financial security for short-term relief.
Even though 96% say saving for retirement is important, the current economic pressure is forcing many to make difficult, sometimes risky, financial decisions. Kaya FM