The members of a Stokvel each pay a certain amount each month in exchange for getting a one-time payment at the end of the year. At some point in your trip through South African, you'll probably run into one of these things called Stokvels. It has come a long way.
In a Stokvel, members make regular contributions of a predetermined amount in exchange for receiving a one-time payment at the end of the year. In South Africa, you're likely to run into a Stokvel. It has progressed to the point where people are investing money in things like groceries, furniture, and even home décor.
A lady recently caused a stir on Twitter after showing off her yearly stockvel money payout. From the look of things this lady has made herself quite a fortune from getting into the stokvel and it has definitely paid well. She posted the money she got with the caption "My stokvel just paid out I’m screaming and screaming it’s been a tough year but look where we at Now."
Nandi finds the truth Sources: https://twitter.com/SkeemSaam3/status/1473956547558469636?t=VYRNs2d3zwNRAcHj-nbPaQ&s=19 Sources: Skeem Saam Twitter page Things have turned absolutely awkward for everyone at the Seakamela house. Sthoko got a grocery from the Stokvel for her family, she wants the grocery to last them until the end of January.
Stokvels are very important in South Africa, and there are different Stokvels in the country, some are for helping with funerals, some help with raising money, while others help with buying essentials for members, and the month of December is usually when many Stokvels in the country give out money, food parcels and other things.
December is over now and is time to face reality, people go back to their work, simply we can say their going back to their struggle again. As we all know that January is a little bit tough month to most of us black people. Even though some people these days know how to manage January and they no longer worry about it anymore, as they join Stokvel for December groceries that will last them 2 to 3 months.
Cabbage and pap made January the longest month due to the following reasons: . Lack of planning . Lack of management Misusing the chance of having it all at once especially in December when food comes in bulks after playing stokvel. Stokvel is not a bad thing to do, the problem starts when people start to eat different in December eating meat every day, from December the 1st till the end on it.
STOKVEL MEMBERS WERE ROBBED OF R122 000 IN CASH.. The December occasions are when police are kept occupied by wrongdoing that just occurs during the season - stokvel thefts. Following quite a while of investment funds, stokvel bunches the nation over meet to share their plunder, at times it is food and for others it is cash.
It's not a secret that a lot of people remain economical excluded due to lack of financial support from the government and education by different stakeholders that is going to fast track growth in the townships. Stockvels have been the most predominant force that have allowed people from different backgrounds to be empowered even if they do not have access to enough capital.
Izwelethu_News 21 December 2021 Ever since the year started people have been saving cash for this important time, the festive season. Generally, there are many ways to save cash. One can use the bank and use the field account which usually accumulated cash on the money saved and only withdraw it after a certain period.
Source https://twitter.com/Thlolo15March/status/1472903454066720772?t=ZyjVyLu_ATAqbXbFmCZYRg&s=19 Its the end of the year and during this time , this is what we get to see what people have been working on for the whole year .Also it the time when most Stokvels pay out.Stokvels are a big part of SA culture and have been around for years.Our mothers and grandmothers have been doing it for years and its amazing to see the youth participating in them .
It is that time of the year for those who had joined Stokvels to reap what they have sow. All those who have joined will certainly enjoy their fruits. Another thing is that Stokvels are evolving by the year. 10 years ago when you thought of Stokvels it was food and nothing but food, but now it isn't about just food only.
The December holidays are when the police are engaged in a crime that only happens in season - the stokvel heists. Stokvel Members Robbed in Cash for R122 000 Stokvel Members Robbed in Cash for R122 000 After months of saving, groups of stokvels across the country meet to share their loot, in some cases food, in others money.
Sthoko surprises her mother Sources: https://twitter.com/SkeemSaam3/status/1471787025363869702?t=zykOkm6vEhGzD-sd7HcDnQ&s=19 Sources: Skeem Saam Twitter page The Seakamela house has been living under poverty since Kwaito is now unemployed. Sthoko surprises her mother with a grocery from her Stokvel which she joined in January. I mean this is the best thing for MaNtuli and her children they deserve to be happy.
A woman as of late created a ruckus on Twitter subsequent to flaunting her yearly stockvel cash payout. From the vibe of things this woman has made herself a significant fortune from getting into the stokvel and it has certainly compensated fairly. She posted the cash she got with the subtitle "My stokvel just paid out I'm shouting and shouting it's been an extreme year yet look where we at Now."
It is that time of the year and people have began to receive what they have been paying the whole year.South Africans are left surprised after seeing what other ladies got into stokvel and paid their money for all along.Other people were paying for stokvel to get groceries but this group decided to spoil themselves with an unusual stokvel.
Stokvels enable members to meet their basic needs. They also provide opportunities for members to save and invest and ultimately to accumulate assets. The results also show that stokvels promote the empowerment of women. Saving money is one step to the matter, but what is important is the need to realise that saving is only a step towards achieving long-term investment success.
It that time of the year where people are taking chances to have great Christmas by using other people. Most municipalities have sent a message of caution to the public they are serving during this festive season. According to source Free State police confirm that since the month started they have recieved many cases of stokvel robbery .
Source https://www.dailysun.co.za/News/stokvel-members-robbed-of-r122-000-in-cash-20211210 Background December is known to be a very busy month, and criminals attack in large numbers. However, most South Africans have had a tradition of saving money and splitting it at the end of the year. It is mostly known as a stokvel.
A stokvel is basically an investment or savings which consists of members ,who agreed to contribute to specific amount of cash on a monthly basis ,to be which they receive some sort of a lump sum payment. Stokvel is probably one of the best ways to save money in Mzansi , however there are different stokvels ,there are stokvels whereby people contribute money during the months ,and by December they use that money to buy groceries.