TECH & INNOVATION: How you can use your Stokvel to save for alternative energy solutions
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GUEST – Sifiso Nkosi, FNB Stokvels and Group Savings Head
The reality of loadshedding is challenging consumers to start looking at alternative power to keep their lights on. While the upfront costs of alternative energy solutions can be daunting, the risk of losing productivity makes them a more viable option. Which is why group savings initiatives like Stokvels could be useful.
Sifiso Nkosi, FNB Stokvels and Group Savings Head, says, "The cost of living in South Africa keeps rising, and with loadshedding, households are forced to make alternative plans to keep the lights on. This means consumers need to start thinking about smart ways to meet their energy needs in a sustainable manner by saving for back-up power or more long-term alternative energy solutions like solar. Group savings vehicles such as Stokvels could motivate many to save for the associated costs." Nkosi shares a few options for those wishing to save or invest in alternative energy solutions:
The reality of loadshedding is challenging consumers to start looking at alternative power to keep their lights on. While the upfront costs of alternative energy solutions can be daunting, the risk of losing productivity makes them a more viable option. Which is why group savings initiatives like Stokvels could be useful.
Sifiso Nkosi, FNB Stokvels and Group Savings Head, says, "The cost of living in South Africa keeps rising, and with loadshedding, households are forced to make alternative plans to keep the lights on. This means consumers need to start thinking about smart ways to meet their energy needs in a sustainable manner by saving for back-up power or more long-term alternative energy solutions like solar. Group savings vehicles such as Stokvels could motivate many to save for the associated costs." Nkosi shares a few options for those wishing to save or invest in alternative energy solutions:
