Bad debt is often associated with impulse purchases.
R44-billion is saved by 820 000 stokvels in South Africa each year, and more than 11-million South Africans are currently members of stokvels.
Does the store offer a secure shopping environment with electronic funds transfer facilities which are safer than cash payments?
A representative from JB Train Tours visited us in Soweto at one of our monthly Pensioner Group meetings and explained everything about the tour to us after listening to our travel needs.
In its best moments, travelling with friends and family means bonding over common interests, insider jokes, laughter and moments that will be recounted at every get-together, forever.
Your group constitution governs your stokvel, so it is important that all members are familiar with it and most importantly that it is up to date.
While many South Africans think they can’t afford to travel, the reality is different.
The benefits of banking include regular monthly statements which accurately reflect balances and interest earned.
Two-thirds of grocery stokvels make bulk purchases from various retailers and wholesalers once a year, over the last four months of the year.
In the same way that parents prioritise saving for their child’s education over an extended period, they can do the same for travel – and the earlier they start, the better.