Quick Hot Tips

• Stokvel Tip: It pays to be vigilant! Constantly check bank statements to track the stokvel’s payments and the total balance.

• Stokvel Tip: Even though stokvels are largely informal, they can register with the National Stokvel Association to provide some level of legitimacy.

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