By Himal Parbhoo, CEO of FNB Cash Investments Every month across South Africa, millions of citizens gather in homes, community halls and places of worship to take part in the storied savings activity known as stokvel. Individually, these clubs may not account for massive sums of money but together the nearly 800,000 of them, representing…
FNB has expanded its eWallet onto WhatsApp, creating a simpler digital entry point into formal financial services for millions of South Africans who may not have traditional bank accounts. The enhanced service allows customers to onboard in minutes and progressively unlock an ecosystem of everyday financial services. Delivered through WhatsApp, a familiar low data channel,…
TEN years ago, thousands of South Africans were encouraged to open a Tax‑Free Savings Account (TFSA). This 10‑year milestone offers a rare insight into how time, disciplined behaviour and tax‑free structures work together to build meaningful capital even when contributions start small. Introduced in 2015 to boost South Africa’s saving culture, TFSAs gave households a…
The Gauteng Provincial Government entered the 2025/26 financial year with a main budget of R172.3 billion, which was later adjusted to R175.6 billion and adopted by the Gauteng Provincial Legislature. This amount, though significant, is insufficient to deal with the monumental structural challenges that confront the Gauteng Province, whose demographic profile as the most populous…
