FNB has bolstered its Solopreneur offering, a dedicated banking platform for self-employed earners, freelancers, and independent workers.
This allows customers to manage both personal and business finances in one place, combining accounts, payments, tools, and rewards within a single banking profile — without needing to register a business or open a separate account.
This move forms part of FNB’s broader strategy to support individuals operating as “teams of one” (solopreneurs).
According to Statistics SA, the informal sector now accounts for 21.4% of all employment as of Q4 2025, reflecting the scale of income-generating activity taking place outside traditional structures.
CEO of Private Banking and Wealth Management Sizwe Nxedlana explains that freelance and contract work are growing, with more South Africans earning outside conventional employment through project-based or entrepreneurial work.
