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Stokvels grow in value during Covid-19 pandemic

Reading Time: 2 minutes   By Nyeleti Risenga   The financial value of stokvels in South Africa grew by 10% in 2020 despite the Covid-19 pandemic and economic downturn. According to FNB Cash Investments growth manager Sifiso Nkosi the growth…

What the banking industry can learn from stokvels in 2020

Reading Time: 2 minutes By Masvingo Mudalahothe Stokvels have a trust-based business model, giving many people peace of mind when it comes to saving and accessing funds because they are part of an established community with known credentials. Each participant…

New funeral insurance products for stokvels are emerging

Reading Time: 3 minutes By Carol Mohlala The funeral insurance industry is being disrupted with the emergence of new products that are aimed at stokvels. Stokvel Talk spoke to Kerryn Zackon from One Spark Insurance about the new phenomena of…

Youth-led farming stokvel launches mentorship programme

Reading Time: 2 minutes   By Carol Mohlala The  Farmers Stokvel is in a process of starting a mentorship programme in order to encourage other young entrepreneurs to start and maintain their stokvels. Makawana Farmers Stokvel deputy chairperson, Paballo Motumi…

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Stokvels grow in value during Covid-19 pandemic

Reading Time: 2 minutes   By Nyeleti Risenga   The financial value of stokvels in South Africa grew by 10% in 2020 despite the Covid-19 pandemic and economic downturn. According…

How to keep your stokvel money safe this festive season?

Reading Time: 2 minutes As most stokvel members plan to cash in their yearly savings, members of these stokvels mustn’t lose their hard-earned savings.  The South African Police Service in…

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Stokvels grow in value during Covid-19 pandemic

Reading Time: 2 minutes   By Nyeleti Risenga   The financial value of stokvels in South Africa grew by 10% in 2020 despite the Covid-19 pandemic and economic downturn. According…

Turning your stokvel into a cooperative

Reading Time: 3 minutes Stokvel Talk spoke to Sizwe Twala, from the Small Enterprise Development Agency (SEDA) he explained that Co-operatives are different from any other businesses, as they aim…