Discover and read the best of Twitter Threads about #savingsmonth
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Investing As a Stokvel
āInvestment > Consumptionā
ā¢ What is a Stokvel
ā¢ Growth Potential
ā¢ Different Types
ā¢ Market Trends
ā¢ Getting Credit
ā¢ Investments
(Thread) šš½
āInvestment > Consumptionā
ā¢ What is a Stokvel
ā¢ Growth Potential
ā¢ Different Types
ā¢ Market Trends
ā¢ Getting Credit
ā¢ Investments
(Thread) šš½
ā¢ What is a Stokvel
It is a savings club that serves as rotating credit unions.
Members contribute fixed sums of money to a central account- either weekly, fortnightly, or monthly.
Stokvelās have become synonymous with the savings culture in South Africa.
#savingsmonth
It is a savings club that serves as rotating credit unions.
Members contribute fixed sums of money to a central account- either weekly, fortnightly, or monthly.
Stokvelās have become synonymous with the savings culture in South Africa.
#savingsmonth
ā¢ Potential of Stokvels
There are over 11.5 million participants in the ecosystem that contribute R50 billion annually.
One in every 2 adults participate in over 800 000 Stokvels.
Letās look at some types of Stokvels šš½
There are over 11.5 million participants in the ecosystem that contribute R50 billion annually.
One in every 2 adults participate in over 800 000 Stokvels.
Letās look at some types of Stokvels šš½
