Stokvels thrive as South African youth redefine financial goals
FNB's Cash Investments Growth Specialist, Cebile Magongo, shares remarkable insights into the resilience and creativity displayed by South African stokvel savers. Magongo shares that Stokvel net deposits have seen a substantial increase of 42%. Since November 2019, FNB Stokvel customers have consistently raised their savings through Stokvels, surpassing the noteworthy R8.3 billion mark in total member contributions. This growth stands as a testament to the financial tenacity of Stokvel members […]