stokvels Archives - B2B Central

03 Oct 2019

Savings clubs: A great way to invest

By Janice Roberts

Many of us would like to put money aside for saving and investing but struggle to remain committed and disciplined each month. Being part of a savings club is a great way to reach your financial goals, writes Noluyolo Betela, client relationship manager, Allan Gray.

31 Jul 2019

The Free Stokvel

By Janice Roberts

Stokvels are found in many places: your work office, among church ladies, and even men are starting to use stokvels as a means to save. Although reasons for saving differ, the method remains the same. Members contribute a monthly or weekly fixed amount of money into a savings account, allowing participants to build towards lump...

30 Jul 2018

SA’s top three savings priorities

By Janice Roberts

Insights agency, Columinate, recently surveyed a representative sample of 1 000 urban South Africans to gauge their savings habits, including their preferred savings vehicles, and the results inspire optimism. Top three reasons for saving 44% of respondents noted that they’re saving for their children’s education, 43% save for emergencies, and 42% are saving for their retirement....

02 Aug 2017

Transforming stokvels into investment opportunities

By Janice Roberts

Earning a good salary is no longer a sure road to financial freedom. It’s about how much of this salary you can save – and how well you can make it grow for you.

08 Feb 2017

Should Johnny Depp be suing his financial advisers?

By Janice Roberts

Actor Johnny Depp – of Pirates of the Caribbean fame – is suing his financial advisers who go by the name of The Management Group (TMG). Almost two decades ago, Depp hired the firm to keep an eye on his money. Now he says these advisers have mismanaged his finances and he alleges that they’ve...

08 Feb 2017

Banking on increasing the buying power of your Stokvel

By Janice Roberts

It is becoming increasingly important for Stokvels to consider having a bank account with a reputable financial institution to keep their hard earned money safe and secure, but also to improve the buying power of their money through earning interest on those monies. There will always be a place for traditional Stokvels that help members with...

22 Nov 2016

Stokvels: A uniquely African savings solution

By Janice Roberts

The word stokvel is believed to have originated from the term “stock fair” which was used to describe auctions run by English settlers in the 19th century.

22 Nov 2016

Society schemes and year-end withdrawals – how to stay safe

By Janice Roberts

As we rapidly approach the end of 2016, many Stokvel customers will start making plans to withdraw money from various bank branches to hand out among members, or to purchase groceries and other goods in preparation for the festive season.