Latest News & Developments
stokvels
Ithala Bank’s rural clients in KZN cry foul after sudden liquidation application
Residents of Ingwavuma in northern KwaZulu-Natal have raised their concerns as Ithala Bank was the only bank in the small rural town, which falls under the Jozini Municipality
Smart ways to use your December bonus responsibly during the holiday season
Ester Ochse, Product Head at FNB Integrated Advice, shared five smart ways to use your December bonus responsibly when spending during the festive season, to avoid ‘Janu-worry’.
Stay vigilant when withdrawing your stokvel savings this festive saving, FNB warns
Stokvel groups and members should be vigilant against fraudsters and criminals who are eagerly waiting to scam and rob them off their stokvel contributions.
All savings gone: Mother and daughter robbed of stokvel group's money in Limpopo village
Preliminary investigations revealed that before the robbery, members of the stokvel had gathered at the house, planning on how to share their money.
‘Give them flowers, now’: JJ Tabane slams society for failing gospel star Solly Moholo
Dr. JJ Tabane criticises society at Solly Moholo’s funeral, saying people care more about attending funerals than actually helping our stars while they are still alive.
Capitec CEO targets booming stokvel products for growth in 2025
The bank has now identified stokvels as a product that its clients will utilise in order to enhance their banking and financial experience.
Understanding the value of stokvels for women
The continual investment by South African women into stokvels indicates how this system could benefit every woman, writes Dr Sheetal Bhoola, a lecturer and researcher at the University of Zululand and the director at StellarMaths.
Rural development at the heart of it all
A PASSION for farming and growing his community is rooted in agronomist James Lonsdale.
Stokvel members robbed in Limpopo while meeting to make monthly cash contributions
Limpopo police said the stokvel members gathered at the house of one of the members and paid their monthly contributions when they were accosted by three armed robbers who took all the money.
SA’s property market expected to suffer a challenging 2024
Joint home buying is expected to grow this year as the rising cost of living eats into prospective buyers’ affordability.
Property: 9 important trends for buyers, sellers in 2024
A number of transformative shifts promise to reshape the way we buy, sell, and experience homes in the new year.
7 useful tips to help you keep your hard-earned stokvel savings safe and secure
If you are a stokvel leader or member, you need to be extra careful with your cash during this period.
SA stokvels saving billions, buying property despite rising cost of living
Almost R50 billion is saved each year through stokvels.
Stokvel summit aims to boost youth involvement in sector
While stokvels are widely associated with the older generation, the conference has debunked that narrative, further showcasing what young people can do.
Listen: Stokvels encouraged to diversify and grow their portfolios
Stokvel concepts with appropriate investment models may hold the key to alleviating poverty and extending equal access to economic ownership and capital accumulation in South Africa.
Study reveals how social grants can generate more income
South Africa has one of the world’s most expansive social grant systems: 47% of the population relies on a monthly grant. Of these, 18 million are permanent beneficiaries and about 10 million receive a temporary Social Relief of Distress Grant By Leila Patel.
Stokvels: An untapped market, how do we solve it?
This week marked 125 years of Metropolitan being in business and the insurer held an event in Rosebank to mark this occassion. In an interview with Personal Finance, Metropolitan CEO Peter Tshiguvho said stokvels were an untapped market. Picture: Supplied