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Tag Archives | Stokvel

Whatsapp

WhatsApp stokvels – Don’t get caught in the scam

The National Stokvel Association of SA (Nasasa) has warned people not to fall for the “quick buck” WhatsApp stokvels scam. According to a media report the scam operates as an alleged ‘savings club’ or stokvel, where users join the club with R200 and are encouraged to invite as many other people as possible to join. […]

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financial-advice

South African Stokvels – Membership increases year on year

Working together and saving as a group has become a major driver in savings culture. According to recent Nedbank research, 11 million South Africans are members of stokvels with around R44 billion saved in 820 000 stokvels in South Africa annually. The National Stokvel Association of South Africa also indicated that the stokvel market has been touted to […]

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