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Stokvels show resilience despite tough economy as savings rise by 42% to R8.3 billion, says FNB

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Noluthando Mthonti-Mlambo speaks to Sifiso Nkosi, Product Growth Head at FNB Retail Cash Investments about stokvels in South Africa. FNB has revealed that, since November 2019, its customers’ stokvel deposits have increased by 42 percent, surpassing the R8,3 billion mark in total member contributions.

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