Quick Hot Tips

• 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.

• Stokvel Tip: Research shows that investment stokvels are mostly used by males, and grocery stokvel members are mostly used by women.

• Stokvel Tip: The perception that stokvels are for ‘old women in poor communities’ is rapidly changing, as more high-income earners are joining stokvels.