Quick Hot Tips
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Stokvel Tip: Informal savings plans such as stokvels offer less constraint than a savings account at a bank, but they do not have the same level of security.
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Stokvel Tip: Research shows that investment stokvels are mostly used by males, and grocery stokvel members are mostly used by women.
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Stokvel Tip: The perception that stokvels are for ‘old women in poor communities’ is rapidly changing, as more high-income earners are joining stokvels.