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What stokvel are you apart of and how did it go?

Stokvels are a big part of how South Africans save, invest and make sure there’s money for December groceries, school fees or that annual getaway. But when you’re putting your hard-earned money into a group with family, friends, neighbours or colleagues, you’re also putting a lot of trust in people.

So, what stokvel are you part of, and how does yours work? Is it a grocery stokvel, a savings club, an investment group or one where everyone contributes towards a big December payout? And more importantly, has it ever gone wrong?

Maybe the treasurer disappeared with the money…

The skinny

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