WebTo redeem discounts at JET and CAN stores Stokvel members will do the following: 1. Nedbank will send all Stokvel Members a SMS with the 15 % discount shortcode 2. All Stokvel Members will present their short code at the till when making purchases 3. The discount short code will be applied to the final price the Stokvel Member pays in store 4. Web31 Jul 2024 · Stokvels are not only familiar structures in black communities, they also help to retain ownership and money within these communities. Applying this outlook to property ownership creates an avenue to building generational wealth and the dignity associated with owning a home.

Stokvels: A hidden economy where women play a critical role

WebThe commercial property stokvel investment operates on Stokfella, an authorised financial services (FSP48812) and Registered Credit Provider (NCRCP12735). The different … Web9 Sep 2024 · Education. Even though part of the appeal of a stokvel is the social networking aspect, the employer can still play a key facilitating role. “A company can initiate the discussion, put options on the table, and establish a structure for the stokvel,” says Myburgh. “Furthermore, it can prepare relevant agreements and advertise the stokvel ... the crumbling hall wow

Property stokvels – pros and cons – Germiston City News

Traditionally, a stokvel is a pooled savings scheme, whereby members opt in to join a savings club or society, and each contribute a set … See more Of course, just as every club and society has rules, so too must a stokvel. The formalisation of a stokvel, property or otherwise, must be … See more The motivation behind setting up a stokvel has always remained the same, no matter the outcome: stokvels enable and embed the habit of saving and investment into people’s lives and routines. By joining and participating in a … See more It doesn’t matter if a property stokvel is run by your best friend - doing your due diligence is a must, whenever it comes to your money. If you’re invited to join a property stokvel, we … See more Web14 Sep 2024 · Stokvels are also seen as an effective mechanism of encouraging the savings culture within the group – individuals that feel they cannot save on their own join a stokvel because they believe... WebThe chairperson of Sakhisizwe Property Stokvel Silindile Leseyane spoke with eTV's Tapfuma Makina about a new way of investing in property. Courtesy of #DStv403 the crumbling house next to me