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Stokvel

WhatsApp stokvels are back but they're still illegal & scamming people

By Eyewitness News

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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    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.

    1329 days ago
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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.

    1493 days ago
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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.

    1700 days ago
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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.

    2295 days ago
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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.

    2361 days ago
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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.

    2516 days ago
  • FILE: Police gather more evidence at the scene where they accosted armed robbers near the N1 north on 30 October 2014. Picture: @crimeairnetwork.

    Man shot dead for stokvel money

    The suspects fled empty-handed as they were interrupted by neighbours who heard the gun shots.

    2805 days ago
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