Financial Benefits of a Stokvel
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.