Stokvels invited to educational seminar


Growth in the stokvel industry has garnered the attention of both public and private sectors. As a result, members are invited to attend an educational seminar as part of the Stokvel Support Programme.

The programme is an initiative by the Free State Department of Economic, Small Business Development, Tourism and Environmental Affairs (Destea) along with Old Mutual and the Stokvel Academy.

The seminar on financial education will be held at the Harry Gwala Multipurpose Sports Centre in Sasolburg where participants will receive tips to further develop their stokvels. “The seminar has been organised for about 500 stokvel members in Fezile Dabi District to be provided with financial education,” said Lebogang Maloale of Destea’s Communication Unit.

While the event will be hosted by the department, the Stokvel Academy and Old Mutual will also have major tips to share with attendees.

“The Stokvel Academy’s signature programme of improved stokvel administration will assist stokvels in the Free State to navigate pitfalls that offer results in conflict. Old Mutual will introduce members to some financial management through their popular “On the Money” programme,” explained Maloale.

MEC Makalo Mohale announced during his budget speech earlier this year that the ultimate aim of this programme is to assist stokvels to realize the power of their money. “The centrepiece of this invitation is to assist Stokvels to move from being consumers and leverage on their purchasing power in order to accelerate their participation into the mainstream economy as opposed to be just consumers of goods,” he said.

To book your seat WhatsApp or SMS your name and surname, ID number and stokvel name to 068 585 4463 or email:  For more information contact 011 478 7840. – Nomaqhawe Mtebele