“In essence, a stokvel is a community. There is always a clear starting point where they met and [it’s evident] who the founding members are.
Palesa Lengolo, the author of Stokvels: How they can make your money work for you, says that, while anybody can start a stokvel, the question should be whether it really is a stokvel or the founders are disguising it as one. If you invest using a platform such as Fedgroup or SV Capital to buy motorbikes, cattle or vegetables, those are investments, not a stokvel.
She adds that a common feature of all these scams is their ability to package themselves to look attractive. When a stokvel makes an investment decision, it is important for the members to understand the risks involved. .
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Источник: BusinessTechSA - 🏆 24. / 61 Прочитайте больше »
THE FINANCE GHOST: Will De Beers face the next quartz crisis?As lab-grown diamonds now rival mined gems on every level — especially price — big daddy De Beers may soon have an existential crisis on its hands, like the Swiss watchmaking industry in the 1970s, writes FinanceGhost.
Источник: FinancialMail - 🏆 20. / 63 Прочитайте больше »
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »