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%.
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
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.
The stokvel market remained resilient to the challenges presented by the COVID-19 pandemic, with contributions continuing throughout 2020. While many members are looking forward to