South Africa endured racial segregation under the national party for many years until 1994, with the attainment of democracy. In the process of negotiating a democracy like the CODESA negotiations, the ANC-led government found itself adopting economic policies that embraced neo-liberalism, which later became unfavorable to the black majority in South Africa. Consequently, although these economic policies of the post-colonial South Africa have made a few black people rich, many still live under the triple socio-economic challenges like unemployment, poverty, and inequality. In addition to the triple challenges, many people still lack basic needs like water, sanitation, food, clothing, and shelter. This paper is a discourse on the relationship between contemporary Pentecostalism and neo-liberalism in South Africa. Given their economic standing, the paper seeks to demonstrate that contemporary South African Pentecostalism has potential to become an alternative economic reform.