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Police urge stokvel clubs to be cautious with hard-earned money
January 14, 2019

As a precautionary measure, police would like to caution members of the community, particularly those, who have been saving money through stokvel groupings or societies to avoid carrying a lot of cash. It is that time of the year where members of the community are looking forward to the festive season and spending their hard-earned money with their loved ones. Regrettably, this is also the time in which criminal elements will attempt to...

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Stokvel fury at post office with no cash
January 14, 2019

They saved all year to be able to have a comfortable festive season, but when women from about 40 stokvels tried to withdraw their money from the KwaNobuhle Post Office, they were told there was no money. For the past week, these women have been turned away at the door of the branch in Eastern Cape because it has run out of money. The groups of stokvel members have accused the branch manager of playing the fool with them by constantly...

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Stokvel treasurer charged with stealing R90,000 from members
January 12, 2019

A Jeffreys Bay woman is due to appear in court after she allegedly conned stokvel members out of more than R90,000, said Eastern Cape police. According to Sgt Majola Nkohli, members of the stokvel had met monthly and handed over their contributions to the woman, who was the stokvel's treasurer. "On Friday, December 14 2018, one of the stokvel club members opened a case of theft after he and other members realised that the stokvel...

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Police warn of increase in robberies against stokvel members
January 12, 2019

Durban - As the festive season kicks into gear, KwaZulu-Natal police on Tuesday warned members of the public not to carry large amounts of cash. There have been reports of people being robbed and shot soon after they made large bank withdrawals in the province, especially those who were members of stokvel clubs. KZN police spokesperson, Lieutenant Colonel Thulani Zwane, said citizens should consider other options, including carrying as little...

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The latest news in the stokvel world
January 8, 2019

Pick n Pay partners with Absa to launch the Grocery Stokvel Account As stokvels continue to grow in popularity, Pick n Pay and Absa have partnered to launch a new Grocery Stokvel Account to cater for groups who are saving for groceries or other store-bought essentials. Papi Rapolai, the general manager for wholesale and stokvel at Pick n Pay, says there was a gap for a savings solution that would address stokvel members’ need to save for...

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