Debt repayments are crushing South Africans' finances – 1Life Survey

Loading player...
GUEST – Hayley Parry, Money Coach and Facilitator at 1Life’s Truth About Money.
The latest annual 1Life Insurance Generational Wealth Survey reveals that the majority of South Africans are struggling to accumulate wealth due to financial constraints, with many forced to take on additional jobs or side hustles to make ends meet.
The 2025 survey found that 55% of respondents had to supplement their income by taking on another job or starting a side hustle. Of these, 44% rely on this extra income to cover their monthly expenses, while only 3% are able to use it for leisure activities such as travel and entertainment. Alarmingly, 65% of respondents stated that, when considering their current financial situation, they cannot afford to generate wealth.
26 Mar 2025 1PM English South Africa Business News · Investing

Other recent episodes

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min

Clicks Lifts HEPS 8% Despite Warehouse Disruptions.

Clicks delivered firm interim results with diluted HEPS up 8.1%, even as warehouse system delays cost an estimated R175 million in lost sales. CEO Bertina Engelbrecht discusses pharmacy growth, trading margins, and festive‑season competition.
23 Apr 2PM 16 min