Quick Hot Tips

• Stokvel Tip: Stokvels can ease economic burdens by keeping up with inflation, and members’ payments can increase to keep pace with the inflation rate.

• Stokvel Tip: A reasonable stokvel guideline is that should a member miss more than three months’ payment, then they forfeit their end of year pay-out.

• Stokvel Tip: Members do not need to sign any documents, but enforcing the rules is one of the most important guidelines.