Stokvel
WhatsApp stokvels are back but they're still illegal & scamming people
The modus operandi is that people will be paid out by other members of the group when it is their turn on the list.
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Poor South African savers ruined by bank collapse
Fear spread through poor rural communities across South Africa in November when VBS, a regional bank that catered to poorer customers, collapsed.
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Bail for woman accused of stealing over R90,000 in stokvel money
Nombulelo Mxakana was granted R1,000 bail when she appeared in the Humansdorp Magistrates Court on Thursday, a day after she was arrested.
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Police urge stokvel members to be cautious after armed robbery
Officers say that three armed men stormed into a house on Sunday and robbed 25 women of their cash and other valuables.
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Festive season: Stokvel groups warned to be vigilant
According to incidents reported to Sabric between 2014 and December this year, 53 stokvel robberies were reported with 77% of these incidents having taken place during the festive period.
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6 challenges to financial inclusion in South Africa
South Africa is plagued by high levels of unemployment, a poor education system and staggering income inequality.
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New app StokFella to tap into R49bn stokvel market
Tshepo Moloi, founder of StokFella, an app that simplifies recordkeeping, planning meetings and governance of stokvels.
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The science of 'cash under the mattress'
National Stokvels Association of South Africa’s Andile Mazwai was interviewed by the Money Show’s Bruce Whitfield on stokvels in SA.
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How stokvels and the burial industry coin it
Old Mutual’s Tembisa Mapukata says stokvels and the burial industry are able to make billions and ultimately benefit people.
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Man shot dead for stokvel money
The suspects fled empty-handed as they were interrupted by neighbours who heard the gun shots.
