Tag - Stokvel

Challenges facing investment clubs

The Heirs investment club is just in its early stages and it faces the same challenges as all investment clubs. “I have had this vision for some time, after seeing a show on Oprah of ordinary ladies who had become multi-millionaires by investing as a group on the US stock market, ” says founding member Cleo Radebe. “I believe one can make a lot of...

Turn your stokvel into an investment club

If you have an existing savings club with a group of friends that you want to take to a new level, creating an investment club to build wealth is a great strategy. Twelve years ago the Ya Rona club transformed itself from an informal savings club, which facilitated a social gathering of friends, to a long-term, sustainable investment club. “We...

Group saving bank accounts

If you form an investment club you will still need to have a bank account for the group in order to collect money and pay out withdrawals. Speak to your bank about the best account for your needs. These bank accounts are specifically aimed at savings clubs: Absa Club account includes accidental death cover for up to 10 members for free and family...