Nevertheless, the majority of South Africans prefer cash because it represents a tangible, familiar way of managing one’s finances. Many are wary of hidden fees or unauthorised/bounced debit orders.

While Caro and Rand find value in keeping cash on hand, Tipiwa Walker told CNBC that physical currency is often a hindrance. “Having large amounts of cash in your wallet makes you more ...

At the end of April, the nonprofit Bert Nash Community Mental Health Center had just enough cash on hand to cover 2.5 days worth of expenses, the organization disclosed in a financial report ...

As gold prices hit all-time highs, owners of vintage baubles and family heirlooms are scrambling to trade them for dollars — and the frenzy has sparked a cash shortage across New York City’s Diamond ...

While cash remains widely carried, usage has been slipping: in 2024, 83% of consumers said they used it at least once in the past 30 days — down from 87% in 2023, according to the Federal Reserve.