On any given Saturday if you drive around the locations in South Africa you will see maybe an open garage with a group of women sitting together with cake and cool drinks enjoying themselves ,in ...

The growing trend of stokvels and the seasonal withdrawals during festive season will require stokvel members to be vigilant ...

Research by Finmark Trust reveals that more than 50% of stokvel members in the mass market do not have a bank account, 94% of members are black and 57% are women. In response to this, FNB has ...

The clubs, known as stokvels, have worked for generations in South African villages and townships. Each neighbour contributes a small sum and can draw loans from the pot - often kept in a member's ...

Stokvels are worth an estimated R25 billion in South Africa, according to a survey by market research company African Response. The survey, taken from 3 750 interviews and released today, found that ...

Stokvels and their members can save money by carefully examining the fine print of financial products, says Nkasi Sokhulu, the co-founder and chief executive of credit life insurance brand Yalu ...

In 2016 she and three friends every month diligently stowed cash in a stokvel account at their bank. They withdrew the money in December and each member of the group got their cash plus the ...

It’s almost that time of the year again – when stokvel members gather around the table to distribute their hard-earned savings. No doubt, social savings clubs have been part of South Africans ...

Stokvel society members were treated to a special day by giant food retailer Makro at their main office in Ottery on Saturday. About 150 stokvel clubs were invited to a braai day where they were ...

A property lifestyle stokvel called the Bantu Fund Savings Stokvel which began with a few people contributing R100 a month has grown to more than 700 members – and they are buying property with ...