SA has a poor savings culture – FNB executive

South Africans are more prone to spending money than saving it. This is according to Himal Parbhoo, the Chief Executive Officer (CEO) at First National Bank (FNB) cash investments. Parbhoo’s insights came as World Savings Day takes place on 31 October 2022. He was on the OFM Business Hour to unpack how South Africa compares to other parts of the world, with respect to the money saving culture and dished out tips to help one develop a healthy saving habit.