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Financial Benefits Of A Stokvel – All4Woman

Financial Benefits of a Stokvel – All4Woman

Financial Benefits of a Stokvel

In this All4Women article Wikus Olivier, debt management expert at DebtSafe, discusses what the financial benefits of a stokvel are.

With stokvels increasing in popularity it’s clear that many South Africans prefer to rather place their savings in a stokvel than a bank. This notion is supported with recent statistics showing that up to R25 billion is being saved within an estimated 421 000 stokvels. Therefore many are enjoying the financial benefits of a stokvel.

In this article Wikus explains what a stokvel is, its benefits, as well as its dangers. Plus Wikus gives great tips on how to prevent mismanagement when it comes to your stokvel.

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