SANParks is now offering discounts to stokvels and hiking groups, in bid to attract more local visitors
The Stokvel & Travel Club programme will give discounts of up to 20% at selected parks and camps, …
stokvelafrica
April 30, 2021
It’s a pyramid scheme, not a stokvel: Consumer Tribunal hits Up Money with R1m fine
The National Consumer Tribunal on Monday fined Up Money R1m for conducting a “pyramid scheme” which swindled more …
March 20, 2021
Legal stokvel or Ponzi scheme?
It is vital that South Africans know and are able to distinguish financial scams from stokvels and legal …
February 28, 2021
Stokvels starting to look a lot like money-lenders
Some stokvels lend money at very high interest rates …
January 18, 2021
Victims of ‘R200 WhatsApp stokvels’ share their dismay at losses, being blocked by admins
The Stokvel Association has warned people against WhatsApp stokvel schemes, comparing them to pyramid schemes which have no …
November 28, 2020
How pyramid schemes operate and rip you off
In South Africa a pyramid scheme is an illegal investment scam based on a set-up of network marketing. …
February 22, 2019
Free State residents left broke by unscrupulous stokvel
The Financial Sector Conduct Authority says Tshwaranang is not registered with them. …
July 22, 2018
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