Stokvels advised to be cautious when cashing in savings

The South African Banking Risk Information Centre says victims of stokvel robberies are often injured or even killed. Last week, the centre sent out a warning to over 800 000 of these savings clubs in light of the approaching festive season. During this time, members cash in on their hard-earned yearly savings.
To tell us more about this multi-billion rand industry, we're joined by Andrew Lukhele, Chairperson of National Stokvel Association of South Africa or NASASA.


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