Inside the sleek digital stokvel which left members in shock, unable to pay school fees | Business

Hundreds of members of an online stokvel that promised to help South Africans achieve financial freedom are desperately seeking to get their funds back after payouts stopped and consultants stopped answering their phones.

United African Stokvel was created in March 2019 by Darren Langbein and Shirley Lynn Langbein from Gauteng. The self-described"pro-African empowerment company" promised to take stokvels into the"Fourth Industrial Revolution" by going digital. The group, which received a wealth of positive media coverage on its launch, amassed almost 100 000 followers on Facebook, where it did most of its business. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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