Quantitative Metrics
LR
Combined memberships90.2M+12% YoY
Est. market valueR25.4B+15% CAGR
Consumer participation82%+5pp
Avg redemption rate87.5%+8pp
Programs tracked158 issuers

Quantitative Metrics

Membership, financial performance, and ROI data across 15 SA loyalty programs. All figures in ZAR unless noted.

Largest Program
23M
Clicks ClubCard
Max Cashback
40%
FNB eBucks (level 5)
Best Redemption
97%
Nedbank Greenbacks
Est. Annual Payout
R3.2B
Across banking programs

Program Membership Rankings

Sorted by total registered members

#ProgramSectorCompanyMembersYoYEst. PayoutFounded
1Clicks ClubCardRetailClicks Group23M++3%N/A1992
2Pick n Pay Smart ShopperRetailPick n Pay22M++5%N/A2011
3Checkers Xtra SavingsRetailShoprite~10M (est.)+8%N/A2019
4FNB eBucksBankingFirstRand7.7M+6%R23.5B total2000
5Capitec Live BetterBankingCapitec6.5M+18%N/A2023
6Woolworths WRewardsRetailWoolworths4.5M+4%N/A2010
7Absa RewardsBankingAbsa3.2M+5%N/A2011
8Dis-Chem Benefit CardRetailDis-Chem3M++7%N/A2010
9MySchool MyVillage MyPlanetSocialMySchool~2.5M+2%R6B+ to schools1997
10Standard Bank UCountBankingStandard Bank2M+3%N/A2013
11Discovery VitalityInsuranceDiscovery~2M (est.)+4%N/A1997
12Nedbank GreenbacksBankingNedbank1.8M+4%N/A1995
13Discovery Bank MilesInsuranceDiscovery1.2M+25%N/A2019
14SAA VoyagerAirlineSouth African Airways0.5M-12%N/A1990s
15Discovery NexusInsuranceDiscovery0.3M+40%N/A2024

Cashback & Reward Rates

Maximum earn rate by program (%)

Redemption Rates

% of earned rewards successfully redeemed

Return on Investment Indicators

Estimated value generation metrics for banking and insurance programs

ProgramLTV/CACChurn ReductionCross-Sell UpliftCost-to-ServeRevenue / Member
Discovery Vitality5.1x-22%+42%-15%R4,200
FNB eBucks4.2x-18%+35%-12%R3,050
Nedbank Greenbacks3.5x-12%+25%-10%R2,400
Absa Rewards3.2x-11%+22%-9%R2,100
Standard Bank UCount2.9x-10%+20%-7%R1,900
Capitec Live Better3.8x-14%+28%-8%R1,850