Kaya 959 Kaya Biz

Kresantha Pilly

Loading player...
KRESANTHA PILLAY, LEAD SPECIALIST: LIFESTYLE PROTECTOR AT LIBERTY GROUP
According to Henley Business School of South Africa (HBSA) report, “What is the future of work in South
Africa?”, examining the Side Hustle Economy, more than 20% of the employed market, have a Side Hustle or
Side Job.
Whether it is due to tough economic circumstances, or furthering their passions, people are working multiple
jobs and earning money pursuing alternate sources of income.
The Geopoll study (2017) focusing on millennials revealed that over 71% of individuals with side businesses
and 65% of multiple job holders indicated that their hustle was aimed at supplementing their income. This
income made up 19.8% to 24.2% of their total income.
Considering that 20% of the formal workforce is side hustling, with the trend likely to grow in relation to global
trends of multiple job holding, there is a growing need for security due to the perceived risk of this evolved
lifestyle of many individuals in the country. This research raises conversations on the change of the workforce
and how equipped South Africans are to manage their responsibility and dependency on a second income.
24 Oct 2019 12PM English South Africa Business News · Investing

Other recent episodes

SA Tourism returns to Pre-Pandemic Shine

South Africa welcomed 10.5 million tourists in 2025, surpassing pre‑pandemic levels for the first time. To unpack what this means for the industry, for jobs, and for South Africa’s global competitiveness, we’re joined by Thandiwe Mathibela, GM: Global PR, Communications, and Stakeholder Relations
2 Apr 5PM 12 min

Easter getaway: Five critical insurance checks

For families preparing to travel this weekend, there are a few top actions they should take to ensure their cover is valid. Understanding your obligations is as important as having a policy. We’re joined now by John Manyike, Head of Financial Education at Old Mutual, to unpack the biggest risks…
2 Apr 5PM 8 min

Pivot Point – Ramano on Transforming SA Leadership

For today’s Pivot Point feature, we’re joined by Ms. Tryphosa Ramano for a conversation about leadership, transformation, and the future of South Africa’s financial sector. We celebrate her three‑decade career defined by financial stewardship and a relentless commitment to transformation.
2 Apr 4PM 24 min

SA’s two-pot system sees repeat withdrawals

Since South Africa’s two-pot retirement system went live in September 2024, AlexForbes has now processed and paid more than one million savings-pot withdrawal claims, marking one of the largest operational undertakings in the country’s retirement industry. With more on the story behind the numbers, Vickie Lange, Head of Solutions Enhancement…
2 Apr 4PM 14 min

5 Easter scams to watch out for

RCS says holiday periods create the perfect storm: people are traveling, shopping online, and spending more time on social media—all moments when vigilance naturally drops. The company has identified six major scam types that tend to spike during school holidays, and Audrey Roberts, Customer Operations Executive at RCS, joins us…
2 Apr 4PM 12 min
All episodes