Johannesburg resident Noks Shoko has a little something to help soften the “Janu-worry”. In 2016 she and three friends every month diligently stowed cash in a stokvel account at their bank. They ...
Tyvision Media will be hosting the Stokvels and Burial Societies Indaba 2016 Road Show in Limpopo, North West and Gauteng during the months of September, October and November 2016. The main objective ...
Stokvel Academy a division of BSK marketing which prides itself in being specialist within the stokvel market segment, recently commissioned a survey to better understand how Covid-19 has impacted the ...
If you grew up in South Africa, then you probably know that the year-end is not the same without stokvel payouts and distribution of groceries among members. This year is no different. Despite 2023 ...
The South African stokvel economy, with over 11 million local participants, is currently worth R49 billion. Stokvels are about “the power of a collective.” These individuals within the collective come ...
It's become very important for stokvels to seek out investment vehicles that cater to the varied nature of the group's saving goals — and this sometimes requires more than a plain old savings account.
SOUTH African stokvels have been around for over 100 years — and they’re as widely used today as they were a century ago. Stokvels may have started out as informal savings clubs to assist with ...
Creating generational wealth requires the discipline to save consistently and the insight to invest wisely. Even small amounts set aside over the long term can improve the financial well-being of ...
Johannesburg - “Stokvels are group saving schemes providing for mutual and financial well-being as well as social and entertainment needs,” according to a paper published by African Response in May ...
Stokvels in the Eastern Cape are increasingly lending money to people outside the stokvel, charging high interest rates to make money for members. National Credit Regulator spokesperson Rishana Singh ...