Quick Hot Tips

• Stokvel Tip: Some stokvels offer the option to borrow from the group account, with a varying interest rate. This depends on the amount needed and for how long.

• Stokvel Tip: The average contribution each month for a burial stokvel is R210. Investment stokvels are much higher, with amounts ranging between R300 and R500.

• Stokvel Tip: The most popular stokvels are savings, burial, grocery, birthday and investment-savings groups.