In South Africa, wealth has never been built in isolation. Our greatest financial progress has always stemmed from collective efforts grounded in trust, shared values,
For decades, stokvels have played a significant role in encouraging the culture of saving and helping people achieve their financial goals. Despite the challenging economic
As a testament to the resilience and dedication of South African stokvel savers, FNB revealed that its customers’ stokvel net deposits have increased by 42%.
Most people are looking forward to the holidays, which is also the busiest time of year for Stokvel withdrawals. At this time of the year,
FNB reveals that Stokvel members who use its no monthly account fee digital account have contributed over R1.8 billion since the solution was launched in
Stokvel are a genuine vehicle for saving or investing for short and long-term goals. Many South Africans of all ages and income groups choose to
In the early 19th century, farm workers who wanted to own livestock would pool their resources and buy cattle from were then known as stock
Stokvels have grown significantly in South Africa and remained resilient during the pandemic, encouraging a culture of saving while helping members improve their financial wellbeing.