Stokvels are a big part of how South Africans save, invest and make sure there’s money for December groceries, school fees or that annual getaway. But when you’re putting your hard-earned money into a group with family, friends, neighbours or colleagues, you’re also putting a lot of trust in people.

So, what stokvel are you part of, and how does yours work? Is it a grocery stokvel, a savings club, an investment group or one where everyone contributes towards a big December payout? And more importantly, has it ever gone wrong?

Maybe the treasurer disappeared with the money, someone stopped contributing but still expected their payout, a member died before their turn came around, or the group fell apart over how the money was spent. Perhaps someone borrowed from the stokvel and never paid it back and now the whole group is paying the price.

Have you ever had a stokvel experience that went horribly wrong? How did you handle it, and did the money or the friendships ever recover?

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