Keep your stokvel savings safe

2018-11-22 06:02

IF you are a member of a cash savings club, advise members of your club of the following tips that will assist your club from being victim to cash robberies:

• Refrain from making cash deposits of club members’ contributions on high risk days.

• Ensure persons depositing club cash contributions or making withdrawals are accompanied by at least one club member or more.

• A stokvel, savings club, or burial society can arrange for members to deposit cash directly into the club’s account instead of collecting cash contributions.

• Refrain from announcing the date when the stokvel will be paid out to other persons who do not need to know.

• Arrange for the club’s pay-out to be electronically transferred into each club member’s personal account or accounts of their choice instead of carrying large amounts of cash or keeping the cash at home.

— Supplied.


Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.