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Members of Black Jeans stokvel explain how how their weekly contributions has helped them save

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father teaching his sons how to save.
father teaching his sons how to save.
Thinkstock/ Getty images

ESTABLISHMENT

Black Jeans Social Club was established in 2019 by a group of men from Mabopane Block B. The aim of the club is for members to save as much money as possible. They then get their share at the end of the year. Since most of the stokvel members do not have a regular income, the club set an amount they believe is affordable as a minimum weekly contribution.

Read more | Members of sisters forever stokvel explain how their R2000 contribution helps them invest in their future

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