Celebrating the Stokvels Driving the Nation: Absa Stokvel Awards Return for 2025

The Absa Stokvel Awards are back, with nominations open to find the nation’s best homegrown savings initiatives. Absa is calling on all stokvels, whether burial societies, grocery clubs, savings stokvels, youth funds, and investment collectives, to step into the spotlight and show South Africa the power of unity and collective saving.

This year’s theme, “Every Story Deserves a Stage,” encourages South Africans to look at stokvels not just as saving tools, but as cultural institutions built on trust, care, and progress.

Following the success of the inaugural awards last year, this year’s event is set to be bolder and more empowering than ever before, with cash prizes of up to R100 000 for each stokvel winner, categories celebrating impact and innovation , and a strong commitment to telling the stories behind the savings on a national stage.

To nominate a stokvel today and celebrate what these communities have built/building, visit www.absa.co.za/stokvelawards. Entries close: 31 October 2025

Qualifying stokvels must be:

· A valid stokvel/club/burial society or stokvel stakeholder (additional information may be required to verify)

· All Stokvels are welcome to enter regardless of where they bank or if unbanked

. A minimum of 6 months in operation, however, if stokvel banks with Absa or opens an Absa Investment Club Account, it does not need to be older than 6 months.

Stokvels that win could walk away with R50 000 – That’s not all, if they have or open an Absa Investment Club Account it will double to R100 000, terms and conditions apply. Visit any Absa branch to open an Absa Investment Club Account.

For more information contact: stokvels@absa.africa
For media queries contact prmedia@absa.co.za