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This morning we take a look at some of the benefits of saving through stokvels. Recently we have seen how stokvels are transforming to not just be about saving money, but also used as a method to buy property, livestock and other investments. So we thought to get an understanding of some of the benefits they bring and whether they really are a good alternative to conventional banking? Also how do you know if it is a genuine scheme and what should we watch-out for should we want to take advantage? To educate us on this, we are joined in studio by…..
Guest(Studio): Andrew Lukhele - Chairman of the National Association of Stockvels in South Africa
This morning we take a look at some of the benefits of saving through stokvels. Recently we have seen how stokvels are transforming to not just be about saving money, but also used as a method to buy property, livestock and other investments. So we thought to get an understanding of some of the benefits they bring and whether they really are a good alternative to conventional banking? Also how do you know if it is a genuine scheme and what should we watch-out for should we want to take advantage? To educate us on this, we are joined in studio by…..
Guest(Studio): Andrew Lukhele - Chairman of the National Association of Stockvels in South Africa