While stokvels are popular, it’s important to be aware that not all of them deliver optimal savings value. Consider these ...

Stokvels are a popular and age-old way for South Africans to save money. There are more than 11 million people who belong to these clubs, generating an impressive R50 billion in savings every year, ...

The community-driven savings initiatives help locals secure essentials while creating opportunities to take time out to live and connect. One of the most enduring financial traditions in Johannesburg ...

The word “stokvel” has its origins in a practice carried out at rotating cattle auctions or stock fairs in the Eastern Cape in the 19th century — farmers and labourers attending these fairs would ...

Reinard Janse Van Rensburg, Regional Sales Manager at Altron FinTech. Before banks, before digital wallets, before fintech had a name, South African communities had already built their own financial ...

A woman in a stokvel showed people how much her savings group was able to achieve after a year The lady posted a video detailing everything her stokvel group was able to buy and she was proud of what ...

Talk show unites various stokvels in Thembisa. Financial freedom is often viewed as a long-term goal, but for many South Africans it begins with something far more immediate: the ability to manage ...

Stokvels have been part of African culture for decades and are places where friends meet for companionship and good times and provide a social way of saving money. Stokvels have been part of African ...

JOHANNESBURG, Oct 7 (Reuters) - 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 ...