Quick Hot Tips

• Stokvel Tip: Everyone in the stokvel has a voice, but limit the number of people who handle the money to at least three to establish accountability.

• Stokvel Tip: There are plenty of organisations nationwide that can provide support, advice and assistance with your stokvel so make good use of them.

• Stokvel Tip: Formalise as much of the stokvel structure as possible to improve transparency and avoid relationships turning sour.