48% of South African's report being unable to save

In this edition of the Business Day Spotlight, we talk about the potential for financial literacy to increase consumer savings.

Our host Mudiwa Gavaza is joined by Farzana Botha, segment solutions manager at Sanlam Savings.

Topics of discussion include: how the financial literacy gap amongst South Africans can be addressed; the data and statistics around consumer savings in SA; ways in which the financial literacy deficit has an impact on people’s mental wellbeing; how people can upskill themselves in financial education; and what SA’s financial industry can do or has been doing to close the knowledge gap.