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FNB has launched a new no monthly account fees digital account for Stokvels to better manage their administration, deposits and distribution of funds using its award-winning digital channels. The account allows Stokvels to start earning interest from just one Rand.
As of 16 January 2021, R17,84 billion in loans had been approved by banks and taken up by small businesses under the Covid-19 Loan Guarantee Scheme.
The strongest deterrent against FSP compliance missteps is or should be: