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SA stokvel association: Public should do homework before signing up for stokvels

An investigation by the Financial Sector Conduct Authority into the United African Stokvel allegedly saw South Africans across the country being conned out of their hard-earned cash.

Free-state , South-africa , Johannesburg , Gauteng , South-africans , Bernadette-wicks , Andrew-lukhele , Tshwaranang-community-stokvel , National-stokvel-association-of-south-africa , Financial-sector-conduct-authority , United-african-stokvel , National-stokvel-association

Vince van der Bijl: SA cricket icon with a powerful message of hope

Often referenced when sporting buffs debate the greatest to never play Test Cricket, gentle giant Vince van der Bijl’s life of service continues.

South-africa , Perth , Western-australia , Australia , Netherlands , Kommetjie , Western-cape , Canada , Soweto , Gauteng , Maritzburg , Kwazulu-natal

SA stokvels saving billions, buying property despite rising cost of living

SA stokvels saving billions, buying property despite rising cost of living
iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.

South-africa , South-africans , South-african , Andrew-lukhele , Lytania-john , Sifiso-nkosi , National-stokvel-association-of-south-africa , National-stokvel-association , Cash-investments ,

United African Stokvel social media 'scam' leaves thousands of investors in a financial nightmare

Almost 100,000 people appear to have fallen victim to what seems to be a scam run by the Facebook-based United African Stokvel, which was the subject of a search-and-seizure raid by the Financial Sector Conduct Authority (FSCA) towards the end of June.

Shirley-langbein , Stokvel-facebook , Devi-sankaree-govender , Andrew-lukhele , Rishana-singh , Darren-langbein , Financial-sector-conduct-authority , National-credit-regulator , National-credit-act , National-stokvel-association , Facebook-based-united-african-stokvel , United-african

Lukhele provides guidance on the ABCs of stokvels

Andrew Lukhele, founder of the National Stokvels Association of SA (Nasasa) and author of Stokvels in South Africa, gives tips on the ABCs of stokvels.

South-africa , South-african , Andrew-lukhele , National-stokvels-association , Abcs , Feature , Source , Stokvels , National-stokvels-association-of-sa , Nasasa , Whatsapp , Andstokvels

Stokvels: the force behind township economy's vitality

Stokvels are a typical feature of township life. They are as South African as braai, biltong and bobotie.

Wesbank , Western-cape , South-africa , Johannesburg , Gauteng , Diepkloof , Thaba-nchu , Free-state , United-kingdom , Pretoria , Brixton , Vosloorus

Big banks target SA's informal stokvel's cash

The country's big four potentially only capture R12bn of the R50bn stokvel market currently

China , Mexico , South-africa , Kenya , Malawi , Johannesburg , Gauteng , Raj-makanjee , Andrew-lukhele , Motlatsi-mkalala , Thandi-mkhabela , Twitter

Banks target informal saving clubs' cash

Thandi Mkhabela’s money used to slip through her fingers.
Now the 34-year-old mother of four earns interest on monthly savings, has paid off debts and is planning to extend her house in a township just outside Johannesburg, without ever dealing with a bank.
Mkhabela’s improved financial footing came after she formed a savings club in June last year with 16 other women. Each of them contribute 100 to 500 rand (US$6.68 to US$33.42) a month, and the club, known as a stokvel, offers three-month loans to members at rate of 10 percent per month. At the end of the year they split

China , Mexico , South-africa , Malawi , Johannesburg , Gauteng , South-african , Raj-makanje , Andrew-lukhele , Motlatsi-mkalala , Thandi-mkhabela , Firstrand-ltd

SA banks battle tradition in push to get more stokvel action

Lenders are thought to have access to less than a quarter of a R50bn market, but some stokvel members point to the additional costs and lack of flexibility of a bank account

China , Mexico , Kenya , Malawi , Raj-makanjee , Andrew-lukhele , Motlatsi-mkalala , Thandi-mkhabela , Twitter , National-stokvel-association , Standard-bank , Stokvel

Big banks target South Africa's informal saving clubs' cash | NewsTalk 610 AM & 103.9 FM

By Emma Rumney JOHANNESBURG (Reuters) - Thandi Mkhabela's money used to slip through her fingers. Now the 34-year-old mother of four earns interest on...

China , Mexico , South-africa , Kenya , Malawi , Johannesburg , Gauteng , Emma-rumney , Raj-makanjee , Jane-merriman , Andrew-lukhele , Motlatsi-mkalala