JOHANNESBURG - A growing number of South Africans are discovering that saving money in groups can work better than trying to do it alone.
This is according to FNB's latest stokvel data.
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Stokvel account deposits surge by 66 percent and of FNB Stokvel Account members have grown by 34 percent in just one year.
Client Experience Head at FNB Cash Investments, Gugu Zikhali says people are going back to financial stokvels as they are experiencing hard financial times.