Finance Minister, Tito Mboweni delivered the National Budget Speech on Wednesday, 26 February 2020. In his opening address, he likened our economy to the Aloe Ferox, which survives and thrives when times are tough. And we want you to thrive just like the plant – saving better and spending smarter, making the most of what you have.

Here are the highlights of the Budget Speech

How Multiply Money can help you thrive in the current economy

In his speech, the minister also encouraged South Africans to learn to save during the good times, and we couldn’t agree more! Here’s how Multiply Money can help you save more, spend better, and grow your money smarter.

Shop for cashbacks and save smarter

Momentum Multiply members have access to a wide variety of discounts and cashbacks for shopping at our partners. We have also partnered with SnapnSave to help you get more discounts for shopping at the right places. What’s more, as a member, you get 10% cashbacks on top of the discount received through SnapnSave, further growing your Multiply Money balance. And if you choose to save the money in your Multiply Money savings wallet, you earn interest.

Save and grow your money

Multiply Money can help you save towards your dreams by enabling you to set personalised savings goals and track your progress towards them on the Multiply Money app. Here’s how it works:

Boost your balance to grow your savings smarter

You can now boost your Multiply Money savings wallet so that you can grow your savings even more. Log in to the Multiply Money app, get your account details, and make a transfer from your bank account into your Multiply Money payment wallet. Remember to transfer the money to your savings wallet so that you can earn interest.

Saving and growing your money is easier with Multiply Money.

You might also want to read this post to learn how to make the most of your Momentum Multiply membership.