IS CASH STILL KING IN SOUTH AFRICA?

[@kago.s]

Cash is so King that the president of the country had it in his mattress !😂😂😂

[@andilekeswa]

🤣🤣🙊

[@KagisoBaloyi-h5f]

What you killing me for?? 😂😂😂😂😂😂😂😂😂

[@kago.s]

@@KagisoBaloyi-h5f 🤣🤣🤣🤣

[@nyakallomanoko2743]

CAHS IS KING end of story

[@BluFinanceTV]

Cash is still important. I learnt my lesson when i had to fill a car but Speedpoints were not working due to loadshedding & network affected. Cashless South Africa is ideal world but people in rural areas prefers cash over using card to do purchases.

[@makolelekhosseni466]

Man I'm liking KZbin Zimasa more and more!!!!!

[@mooshtaffa]

I’m getting a hang of it 😁

[@ennergyspotato5566]

I thought he was only on KZbin...where else does he post content

[@makolelekhosseni466]

@@ennergyspotato5566i vibed with his videos when I was on tik tok bro!!

[@xolanilindani3464]

It is somewhat of a disadvantage for marginalized communities to have a cashless society, especially in rural areas. The local tuckshops usually charge R10 per transaction. Now imagine paying for the bank charges and the ones imposed by the tuckshop owner. However, cashless purchases benefit people who like convenience in urban areas. We could also note that when you deposit cash in your banking account, you are still charged, not forgetting the monthly charges. Also, some people feel that their money is safe in their banking accounts, and some do not feel the same way. It's actually a contradicting topic.

[@xolancypriankunene2038]

This is true.. But change is inevitable and all will be numbers on a screen . The transition is gradual rather then quickly especially in a developing nation. I know Fintech businesses currently working on solving issues around transactional fees and financial inclusion of small merchants and underbanked communities.. Exciting

[@xmgcoyi]

Somlians Spaza Shops charge 10% more for using cards.

[@sisonke.kalipa]

Mooshtaffa bra I see your sharp presentation skills, articulation and unique content... I'm just here for your growth man.

[@mooshtaffa]

Enkosi Siseko . I’ll keep at it bro 😎

[@paballo3562]

As long as taxis use cash, it will always be king. Also when there's load shedding, cash has proven to be more convenient

[@mazwideamahle4091]

That's about to change.

[@Mashukumbela-M0N3YF10W]

Cash will always be king.

[@moiketsimutsi6119]

Cash is indeed King even the President and his public protector can attest to this

[@TheIrieman15]

😅

[@its_bobhermanus]

The key to SAs solutions is in your videos. Keep growing, keep giving us that magic

[@mooshtaffa]

Thank you so much, I will keep creating and sharing

[@sibusisofumba4072]

I don't usually comment on KZbin, keep it up Dyani

[@Wave_Entertainment_ZA]

Although it's risky to have a lot of cash on you, I still prefer it. I hate when banks, government or private sector is monitoring my every move😅

[@Manyakes]

I was so pro cashless when I moved from ekasi to the city having a car until one day I had to go back to ekasi with no car and had to use public transport and that made me realise how cash was still king

[@arthurnkosi]

I'm liking your work ☺️ it so informative, keep up the good work

[@mooshtaffa]

Thank you! Will do!

[@musicmedia3394]

Cash will forever be king my bro

[@luvuyotyoloda7403]

I have been looking for a channel like this that speaks on these type of South African topics, amazing ❤❤❤

[@thato596]

Cash is king 👑 . Haosa batle chelete, kea tsamaya kea shopong engwe. cashless society is jail , you digging own grave because you can end up being blocked from buying in the future. They can tell if you bought from liquor shops but with cash they can not tell

[@LloydNdlovu-nk4hz]

Whether we like it or not ,we are heading to a cashless society and most assets will be digitised and centralised.

[@irenee800]

I forgot my bank card, but had cash on me ..went to Starbucks in Rosebank, only to learn that it's cashless.. I went to vida cafe ... We not ready for cashless..don't know why businesses are forcing this agenda

[@lindalauragouws6424]

Cash is King. I will stop to buy there. 😮

[@philamavikane9423]

We can't be completely cashless as a country. We can talk about how having both options available in a lot more places. I personally use digital ever since the option was available. For the convenience of not standing in queues or having to carry my wallet every time I think I might need to buy something. There is always paper trail with digital (you can track yourself) and it's much much safer. It also brought about an interesting side-effect, I spend way less money now that I avoid cash. It's almost like when I have cash my brain thinks, "there is money" vs when it's digital the brain thinks, "how much money". There is a difference there how one might behave between those 2 situations. I admit there are situations where I have to have cash but I don't prefer it.

[@mthiifunk6501]

Cash will forever be king

[@InamMaqondose-ny8zf]

Love this guy😊

[@Mzwambedu]

I remember being broke broke on my account and had cash, craved some Starbucks and was so sad to know that I couldn’t use cash 😅I don’t have Starbucks often so it’s that crave it randomly and get it so I was so disappointed, give ppl an option

[@sangekolose3086]

Just started using cash this month I feel like the stars are aligned seeing your content surely proves the banks are ripping us 😂,Cash will always be relevant especially with the One currency for all policy they are Trying to introduce

[@sihawukelesihawukele102]

Cash is important especially for merchants. Banks just want to take advantage on customers and merchants of the fact we must all move to digital cash so they'll charge fees for every transaction made. I mean why would you even charge someone when their card declined.

[@manyananihlwatika726]

Zimasa my bro🔥🔥🔥

[@nj_mlimi]

All I am saying is where I am from it is more expensive to pay without cash. R5 surcharge for every R50 transaction. But I still prefer the convenience of being cashless.

[@londiwemncwango672]

Loved every point mentioned here, and all are valid. This goes to show that our government is not so consideration of it people. Like it was mentioned here, that we as a country still need to figure out this digital stuff and also make sure no one is left behind because this gap thing is really getting old now. But they don't seem to care as they want to things as if this gap doesn't exist. And then they option to do, what best suit the minority and then later they will complain about increased rate of crime. But honestly, I believe no one get into it by just wanting to do it. It is due to lacking that put most in that position to commit crime. Unfortunately our leaders would rather pay more money for security than to get to the root cause of the majority of it citizen and actually find ways to help it people.

[@mosalethoba5267]

The answer is on the balancing act my brother. We must employ a hybridization of both cash and digital. Even with our economic policy we must employ a hybrid of both Capitalism plus socialism. No need to be extreme we must strive to hit the balancing act.

[@LarryZAR]

I'm scared of banking app kidnapping😅. Seriously!

[@sivenathimbebe]

As much as that's a possible issue but app transfers will create a paper trail the person in the receiving end can be identified

[@NkosikhonaMlaba]

@@sivenathimbebe They kidnap you make you increase limits, take you an atm at gun point at garage for example, then tell you to withdraw all the money, they dont transfer it to their accounts

[@sunnzactor]

Thanks for this video. Its a topic I am really interested in. I've worked on both sides of the discussion, cash management and also digital payments. I'm glad to have your perspective on this issue. 5:04 are you able to please share your references for the data you shared around cost of cash vs. cost of digital payments. It'll be interesting to see the underlying numbers.

[@dumaziletyali3359]

As a country I believe we still far from being a cashless society because of different variables. Hence even now I still prefer cash to control my money. Therefore, I fully concur with the rest of the comments cash unfortunately is still the king for now until a lot of problems are addressed.

[@giftmatlala_]

I don't even remember the last time I've used cash 😂

[@mazwideamahle4091]

Same here...been moving around with the R200 I withdrew a year ago...in case.....

[@gene5856]

CASH is KING , They HOPE You Fall for the Fake ; Cashless Society or Digital Cash is DANGEROUS , (1) NO Privacy , They Freeze Your Account Anytime they Feel like it , it All Con Game Black South Africa People Stick to Cash , Back Cash with Gold and Silver and Hard Resources , Black America Brothers Love What Your Doing Keep Building Black Power Keep Educating and Investing💪🏾💪🏾🤜🏾🤛🏾

[@bridgingpresence7972]

Love your work man!

[@xolisasibeko3278]

Cash is good for now, sometimes you have accidents with the digital payments. I personally went and bought building materials ekasi paid using my card and the got 'accidentally' double charged only to find out when I went to the back to ask... But that is an isolated accident but for cash is still practical

[@nigelkamhanda5813]

Accounts with minimum monthly fee, charge more on transaction fees. so its better to withdraw cash and transact in CASH

[@simisophahla8235]

Cash is always best

[@katmandoo8333mobi]

Next step is to indroduce CBDCs, Central Bank Digital Curriences. Some of the features include making currency expire, i,e if you do not use your rands in 6 months they can freeze them. They have already done this in China,

[@Ritesh-yy1zr]

China is years ahead with technology and they have a proper economy. SA is like 20 years behind.

[@kseyffert]

Cash also avoids tech issues that result in refused cards where you still have enough in the account. Embarrassing!

[@MUTHANNGAwaTSHITIRINGO]

Here is something interesting, we need voices like this

[@EinadManhoff]

It's all about control- on the end they can block you on some purchases, say you get a child grant then you can only buy children goodies viz. Clothing they can block you if you purchase cooldrink or chocolate (all control)

[@Januarieswealth.]

Bingo!

[@-N0V4-]

Going cashless would screw a lot of low income people and small business. I mean for the first two years of having a bank account it sat at R0 but I constantly used cash because I bought my groceries from the local vendors. Cashless would just be another one of the things that widen the class divide in SA

[@zocclip]

Cash will forever be king, when they can trace how you spend your money its easy for them to target you and your spending habits

[@mlungisimanzini8143]

Just Subscribed

[@msingathimajola1590]

I think a cashless and cash based society can both have some benefits, however I do think going cashless excludes quite a majority of the population, thus it might not be the most optimal option yet. I also like how you said "We are still growing" meaning that some systems working in developed nations, doesn't translate to them working for us as well.

[@tombimashri8149]

Old people prefer cash which they can understand better than card transactions

[@sphepheloenoughkhumalo9563]

I buy coffee everyday from woolworths mount Edgecombe, one time I did not bring my card but had cash. The inconvenience of having to que with everyone when all you needed was just coffee. We are moving too fast as a growing country.

[@chidiopulencetaetjo8369]

If they go cashless ,the majority do not have a bank account to be financially excluded while you have havkers and technical problems, but having cash is much better compared to digital.taxis ,small vendors still use it till today.This is despite having access to phones and bank accounts

[@bonganiradebe413]

Thank you for the video!

[@calvinsmith1295]

Just ask Cyril how important cash is !!!

[@authenticone1110]

😂😂😂

[@Shannon-w9f3t]

Yes.

[@ennergyspotato5566]

Not gonna lie I haven't used cash in a while , I think it's cos I stopped taking taxi's

[@FOFY802]

Cash is still King, more so in the informal economy, which raises another question how much tax income does the government collect from the informal economy? I think saw somewhere that it's worth billions.

[@sanelemwelase]

Informal traders don't pay tax 😂😂😂

[@zenith8868]

in the underworld, cash will always be king, or eletronic but with less government intervention regulations

[@mazwideamahle4091]

SA has a good balance of cash ans electronic transactions, ut works, why change it.

[@talliehazardous]

Since our nation is still developing, I think it's crucial to educate people about cybersecurity before shifting to cashless transactions to help them avoid unauthorized hackers. Additionally, the current practice of handling cash is becoming increasingly problematic. That's my view.😉

[@LethaboMatseke]

Cash is King

[@greatnessdaxx9661]

The cashless fees are high,even though it seems convenient

[@Diketso.12]

Cash will always be King, case closed

[@KoketsoSetlhodi]

I don't feel safe walking around with cash so I try to use my card to pay for as many things as possible

[@RichardKusiima]

Cash = (Cash at Hand + Cash in the Bank); and this can be translated into digital. As opposed to credit!

[@mmachikimosou9025]

some of the spazza shops charge you onto of the banking fees and other places like tarvens also do so , and you keep getting penalised , so cash is more safer than cashless

[@lindelanisenene]

Where do you get your stats my guy?

[@mooshtaffa]

Stats SA bro and various news sites then I find the core reports and do my scripts from there

[@lindelanisenene]

Ayt G... Lovely content bro 🙏🏽

[@Boitu_Matu]

Even in developed nations with it's populations access to tech devices, still relies on cash transactions. Japan for example majority of its people still use cash for transactions. Cash is not going anywhere in SA, not now not even in the next 100 years.

[@Thegreat-md1bo]

I am here from the chillers kingdom

[@FATHERPROVIDENCE]

Can ur next topic be about exposing Fake Dollars used and circulating within south afrika and Afrika...?

[@tyrismaxey]

If cash is your king, you're a slave!

[@bhatindlovu42]

Poverty is rife. Now people are getting the creative ways to make a leaving.

[@casanova9700]

Cash is king

[@AlfredOx3]

Cash is King. Post a poll

[@Cranedabuilder]

South Africa should create a state owned bank to compete and control the digital rands

[@moiketsimutsi6119]

Attempts at this were thwarted

[@SAapproves]

Bullion is Emperor, cash is King (for now) & digital is okay until the government takes It or uses it against you in court😂 I prefer 50% Bullion, 30% Cash & 20% digital split🤷🏾‍♂️

[@-N0V4-]

What SA banks should do is invest in cash apps/ venmo type services like other African countries did. SA acting like we aren't like the rest of the continent People avoid banks because of costs. Our curent system is tring to ignore the fact that a majority of South Africans' income is informal. It helped for countries like Zimbabwe, it can work for us Low fees = More people moving to digital finance.

[@michaelmofokeng8001]

l don't have a problem with carrying cash its just the coins and cents that irritate me.

[@isaacmaje6248]

Cashless and informal businesses (mom n pops)

[@Mthukisi]

Cash is queen on my side, and digital is king. I still say if withdrawal and depositing cash is so expensive, why do we have to use cash?

[@michaellawson6533]

IN GOD WE TRUST. EVERYONE ELSE PAYS CASH.

[@heinrichvisser8518]

Cash is King, nobody needs to know what I'm buying and F the WEF agenda.

[@H.CROWN777]

So Gubermint wants to track and control our movements 🤔 . Another reason to use more cash

[@Martin-u2g]

I only use cash, i dont leave it in a bank for them to borrow to some other person. I dont want the service of a bank but im forced to

[@mlungisimanzini8143]

Forced to indeed

[@maliiiwa]

Cash is anonymous and no bank can freeze your account when the gov wants to.

[@johnhill8396]

10 transactions with the same R100 note will still remain R100. But 10 digital R100 transactions will have 2% taken each time

[@JM-ln6sd]

I like cash,I don't trust the system

[@Cairo96]

No taxi driver is gonna ask for carf

[@lehlohonolobanda1998]

as much as I think cash is king, it opens doors for crime to take place because cash is anonymous and I doubt people would wanna deal/buy drugs using their bank accounts. if they do and try hide it as something else then at least they will have to pay tax on it at some point...

[@RootsAndRoutesChronicals]

Stellenbosch has been cashless since 2021 (at least from what I’ve seen).

[@a12zN]

Adopt UPI, everyone will have access to digital payment.

[@user-THEUNKOWn]

LETS GO CASHLESSSSS THOSE WHO DONT PAY TAXES BEWARE THOSE WHO THINK THRY CAN OUTRUN SARS BEWARE SSK YOURSELF ALREADY ELECTRICITY cutoutss has been happening BUTAINLY TAXES YHERE ARE ALOT OF PEOPLE WHO WANT SERVICES BUT DONT PAY SCRAP SO YEA CASHLESS SOCIETY HELPS SOCIETY GROW EVERYONE WILL PAY TAXES AND INCLUDING BUSINESSES

[@jeronimodavidgaroupa5143]

Did South-africa sort out basic ID issues? No? You should discuss that in first place.

[@mooshtaffa]

Which basic ID issues ? Please elaborate.

[@afrofy2431]

Stop 🛑 shade loading 😅😅

[@MpumeleloNcwana-xi7mw]

Currency lacks intrinsic value

[@neotefo3031]

Cash is no longer king, the world is going digital

[@SAG3__]

Cash is private hence our president likes it.

[@tshepomotshepana7635]

The funny thing is that those who wish for a cashless society are the same people who follow neo capitalism but they hate the philosophy of communist cashless China my brother we have a lot of people in SA are very out of touch with reality with the normal society but is it possible yes just look at how Somalia, Kenya, Uganda have done in order to make tracking and saving on physical cash printing but the truth is those who seek cashless society have not looked at the majority of citizens because cash still is king and helps a lot of families but yeah about karen😂

[@MentalFacility-u7o]

CASH IS KING! A third world country with 1st world ambitions 😩

[@misslehasa]

Bitcoin is king

[@mthokozisimyende787]

There's a reason 🧁 had it stashed in his sofa. Cash will always be king

[@Mankind0112]

Imagine Cashless Stokvel and Cashless Taxi 🚐 😅