The Sanlam ESG Barometer highlights the social impact Africa can achieve through sustainable business practices, aligning with the Sanlam Leruo Stokvel Programme’s vision. This initiative, in partnership with Zevoli Growth Partners, aims to revolutionize stokvels in the digital age.
From subsistence to wealth creation
Traditionally, stokvels have been vital to African communities, facilitating savings for various needs. To transform these groups into engines of wealth creation and community empowerment, formalization, financial education, digital integration, and regulatory alignment are essential steps.
Creating a social impact beyond savings and investments
Groups like the Divine Brotherhood Stokvel and Women Navigating the Future Network are evolving through the Sanlam Leruo Programme, expanding membership, refining investment strategies, and initiating community projects.
The role of corporate leadership
African financial institutions, regulators, and tech providers, alongside stokvels, can drive significant change. Initiatives like the Sanlam Leruo Stokvel Programme empower these groups, fostering financial inclusion and prosperity.
Author: Nozizwe Vundla, Head of Sanlam Foundation
Sponsored by Sanlam.