It’s Stokvel Time

Written by on 15 December, 2020

By: Simphiwe Shezi

Stokvel-related robberies and thefts are most prevalent at this time of year, and the bank encourages stokvel clubs to adopt reasonable safety measures when withdrawing and sharing their money, to avoid becoming victims of crime.

Growth Manager for FNB Cash Investments, Sifiso Nkosi have warned people to be cautious when withdrawing stokvel money during this festive season.

He says the stokvel market remained resilient to the challenges presented by the COVID-19 pandemic, with contributions continuing throughout 2020.

Nkosi is offering some tips people should apply in order to avoid such situations:

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