Customers saved over R131 million in withdrawal fees
11 April 2024: Stokvels continue to show tenacity and commitment in promoting a savings culture in South Africa despite the tough economic environment, this is shown by the 15% increase in net deposits, surpassing the R9.6-billion mark in total member contributions over the past year.
Himal Parbhoo, CEO of FNB Retail Cash Investments says, “the strong growth is a testament to the Stokvel members’ financial discipline despite the difficult economic environment. Being a member of a Stokvel is one of the most popular ways for South Africans to develop a savings culture. However, the challenge has always been in ensuring that the stokvel savings are managed efficiently while yielding the desired outcome to meet the stokvel groups’ goals
The post FNB Stokvel savings increase to R9.6 billion despite tough economic environment appeared first on The Home Of Great South African News.
Customers saved over R131 million in withdrawal fees
The post FNB Stokvel savings increase to R9.6 billion despite tough economic environment appeared first on The Home Of Great South African News. Read More
