Kaya 959 Kaya Biz

INSIDE YOUR POCKET: Stokvels show resilience despite tough economy as savings rise by 42% to R8.3 billion.

Loading player...
GUEST – Cebile Magongo, FNB cash investments growth specialist

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%.

Since November 2019, FNB stokvel customers have continually increased saving via a stokvel surpassing the R8.3 billion mark in total member contributions. The growth is a potent indication of the Stokvel members' financial tenacity in the face of a challenging economic climate.
18 Jan 2024 3PM English South Africa Business News · Investing

Other recent episodes

South African employment improves, but youth concerns persist

South Africa’s latest employment numbers are out, with Stats SA reporting an improvement of 0.2% in the fourth quarter of 2025. Nkosinathi Mahlangu, Head of the Youth Employment Portfolio at Momentum Group, argues that employer-driven opportunities are needed to give young people a real foothold in the economy.
31 Mar 4PM 9 min

SA fuel stations under pressure

Petrol stations are running dry nationwide as motorists rush to fill up ahead of record fuel price hikes expected from 1 April. South Africa braces for record fuel price hikes on April 1. To help address public concerns, we spoke to Avhapfani Tshifularo, Chief Executive of the Fuels Industry Association…
31 Mar 4PM 17 min

Key takeaways from South Africa’s 2026 Investment Conference

South Africa wants to move from promises to performance, and it’s aiming big — R2 trillion in new investment commitments over the next five years. For these and other highlights from today’s South African Investment Conference, Ipeleng Selele, Chairperson, Brand South Africa, joins the show.
31 Mar 4PM 7 min

Tech at the centre of SA’s investment story

As the country hosts the 2026 South Africa Investment Conference, government leaders are emphasizing a new phase of economic resilience, diversification, and digitalization. Takealot Group CEO, Frederik Zietsman, weighs in on the digital aspect after attending the conference.
31 Mar 4PM 7 min
All episodes