Slide 1

STOKVELS21 Februarie 2012T: 051 401 9111 info@ufs.ac.zawww.ufs.ac.zaDefiniSIEGroep mense

Sluit n ooreenkoms verbind tot gereelde bydraes in gesamentlike fonds

Elke lid kan onttrek vir spesifieke doel

Op roterende basis of volgens finansile behoefte

TIPES Bydrae stokvelTradisionele spaarklub Vaste bydrae tot gemeenskaplike poel, weekliks, twee weekliks of maandeliks Lompsom op n gereelde basis Gebruik virr enige doel ;Basiese stokvelVerskil van bydrae stokvel betaal uit vir spesifieke gebeurtenis

Umgalelo klub Godsdienstige aard Bydrae plus 20%

Jeugstokvels Versorging van jeugdiges

Kruideniersware stokvelKruideniersware- of kontantkoepoens (Makro; Unilever)

AankopestokvelGesamentlike fonds gebruik om groot toerusting aan te koop maak daaruit n wins

FamiliestokvelInvesteer geld by bank of finansile dienste geld uitbetaal vlg behoefte van familie Gebruik om grond, motors, depositos te betaalITIPES Beleggingsgroep Investeer geld rente Verdeel of herbel

Istoki stokvelLede kry beurt om partytjie te hou Voedsel aangekoop uit fonds aan lede verkoop Gasvrou/heer hou die geld

Partytjie stokvel Toegangsgeld word gevra voedsel en drank verkoop Lede/Gasheer of -vrou deel in winste

Leningstokvelleen geld uit teen rentekoers (tussen 20% and 50%) aan lede

Makgotlas of begrafnisverenigingsFinansile hulp wanneer familielid sterf Ander ondersteuning ook bv voedsel

Gooi-gooisGeld of in natura bydraes GESKIEDENIS Roterende beesveilings (stock fairs) van Engelse setlaars aan Kaap (1800s)

Goud onttdek - Stokvelkonsep ingevoer na Witwatersrand Haglike omstandighedeBegrafnisse

National Stokvels Association of South Africa (NASASA) 1988

Voor 1994

Na 1994 - ondersteun en bevorder informele gemeenskapsgebaseerde spaar skemas.

GESKIEDENIS 1996: Ministerie van Finansies reik dokument uit wat regering se houding jeens stokvels uiteensitWaarsku teen onwettige piramide skemas Opbrengste tot 300 %Uitbetalings uit lede se bydraes geen reserwes

1996 - Bankwet word gewysigStokvel aktiwiteite val buite aktiwiteite van definisie van bank Stokvels = wettige, self regulerende entiteit, wat nie aan regulasies van banke hoef te te voldoen nie Sedert 1999 - fondse nie meer as R9.99 miljoenStokvels moet geaffilieer wees met NASASAAktiwiteite mag nie binne aktiwiteite van pensioenfonds organisasie val nie Rekeningkundige rekords (tot R1 miljoen; meer as R1 miljoen tot R9.9 miljoen)

Sun Multi Serve skema doen voor as stokvel Registrateur van Banke vries fondse - R40 miljoen fondse ipv R9.9 miljoen

Ander skema stort ineen - R80 miljoen se verliese in 1996

GRESKIEDENIS 2003

Ledetal : Vroulik (60%)

Ras: 96% Swart

Stedelik/Landelik65% stedelik

Streek 50%+ Gauteng en KZN

LSM Kategorie76% relatief arm - LSM1 to LSM5

Bydraes R50 and R100 per month; R181.

Spaar R400 miljoenHISTORY 2011

RSA het 811 830 stokvels

11.4 miljoen stokvellede in RSA

Spaarklubs 47%

Begrafnisverenigings - 41%

Kruidenierstokvels 20%.

Belegginstokvels 5%

Gemiddelde ledegetal - 27

Gauteng 23%, Limpopo 20%.

Vroue 57% ; Gemiddelde maandelikse bydrae R210.

Bankwet Artikel 1 van die Bankwet

Formele of informele kredietroteringskema met n ontspanning, sosiale en ekonomiese funksies;

Bestaan fundamenteel uit lede verbind om mekaar wedersyds te ondersteun tot die bereiking van bepaalde oogmerke;

Vestig n volgehoue kapitaalpoel van fondse agv bydraes;

Verskaf krediet namens en aan lede;

(v) lede kan deel in winste en bestuur aanstel, en

(vi) Selfneergelegde rels om lede te beskerm Is a formal or informal rotating credit scheme with entertainment, social and economic functions

In such a "common-bond" credit scheme, a group of people enter into an agreement to contribute a fixed amount of money to a common pool periodically. This money, or a portion thereof, may be drawn by members either in rotation or in a time of need. Although mutual financial assistance is the main purpose of stokvels, they also have valuable social and entertainment functions.

Under the operations of GRQ schemes, however, persons may invest fixed amounts with a scheme for a limited period and then qualify for payouts of exorbitant returns on their investments.

Fundamentally consists of members who have pledged mutual support to each other towards the attainment of specific objectives

Stokvels and credit unions go to great lengths to admit only reliable and trusted members, following personal recommendations, since continuity and credibility are crucial to the working of such operations. Therefore, stokvels and credit unions are often formed by neighbours, people working in the same place, members of the same family, members of the same community or members of a church congregation.

Any member of the public throughout South Africa may, however, become a member of a GRQ scheme by simply paying membership fees. Owing to the methods of operation of GRQ schemes, the recruitment of new members in large numbers, regardless of the existence of any common bond between such members, is crucial for the viability of such schemes.

Establishes a continuous pool of capital by raising funds by means of the subscriptions of members

GRQ schemes allow persons to invest single amounts in such schemes for a limited period, in return for exorbitant payouts on the amounts invested. Since payouts are funded from the contributions of new members, GRQ schemes depend to a great extent upon the recruitment of new members. GRQ schemes can therefore maintain a continuous pool of capital only by the continuous introduction of new members and the utilisation of such members' membership fees and investments.

Grants credit to and on behalf of members

GRQ schemes do not grant credit to and on behalf of their members.

Provides for members to share in profits and to nominate management

The structures of GRQ schemes do not allow for profits in the true sense of the word. Although purported constitutions of GRQ structures may provide for the nomination of management by its members, often the size, duration and spread thereof appear to render such nomination impractical.

Relies on self-imposed regulation to protect the interest of its members

One of the most serious problems facing stokvels and credit unions is the problem of defaults. In the case of a stokvel, a common category of default is a member's failure to maintain regular periodic payments. Therefore, stokvels rely on carefully selected members, who are known to other members of the group, for their survival. For purposes of self-regulation, stokvels are required to be members of the National Stokvels Association of South Africa ("NASASA"), and credit unions are required to be members of the Savings and Credit Co-operative League of South Africa ("SACCOL").

GRQ schemes neither require that members maintain regular payments into such schemes, nor do they rely on carefully selected members for their survival. Because of the nature of GRQ schemes, such schemes ostensibly do not qualify for membership of NASASA or SACCOL.

10GRONDWET Voorbeeld Piramide skemas

Is a formal or informal rotating credit scheme with entertainment, social and economic functions

In such a "common-bond" credit scheme, a group of people enter into an agreement to contribute a fixed amount of money to a common pool periodically. This money, or a portion thereof, may be drawn by members either in rotation or in a time of need. Although mutual financial assistance is the main purpose of stokvels, they also have valuable social and entertainment functions.

Under the operations of GRQ schemes, however, persons may invest fixed amounts with a scheme for a limited period and then qualify for payouts of exorbitant returns on their investments.

Fundamentally consists of members who have pledged mutual support to each other towards the attainment of specific objectives

Stokvels and credit unions go to great lengths to admit only reliable and trusted members, following personal recommendations, since continuity and credibility are crucial to the working of such operations. Therefore, stokvels and credit unions are often formed by neighbours, people working in the same place, members of the same family, members of the same community or members of a church congregation.

Any member of the public throughout South Africa may, however, become a member of a GRQ scheme by simply paying membership fees. Owing to the methods of operation of GRQ schemes, the recruitment of new members in large numbers, regardless of the existence of any common bond between such members, is crucial for the viability of such schemes.

Establishes a continuous pool of capital by raising funds by means of the subscriptions of members

GRQ schemes allow persons to invest single amounts in such schemes for a limited period, in return for exorbitant payouts on the amounts invested. Since payouts are funded from the contributions of new members, GRQ schemes depend to a great extent upon the recruitment of new members. GRQ schemes can therefore maintain a continuous pool of capital only by the continuous introduction of new members and the utilisation of such members' membership fees and investments.

Grants credit to and on behalf of members

GRQ schemes do not grant credit to and on behalf of their members.

Provides for members to share in profits and to nominate management

The structures of GRQ schemes do not allow for profits in the true sense of the word. Although purported constitutions of GRQ structures may provide for the nomination of management by its members, often the size, duration and spread thereof appear to render such nomination impractical.

Relies on self-imposed regulation to protect the interest of its members

One of the most serious problems facing stokvels and credit unions is the problem of defaults. In the case of a stokvel, a common category of default is a member's failure to maintain regular periodic payments. Therefore, stokvels rely on carefully selected members, who are known to other members of the group, for their survival. For purposes of self-regulation, stokvels are required to be members of the National Stokvels Association of South Africa ("NASASA"), and credit unions are required to be members of the Savings and Credit Co-operative League of South Africa ("SACCOL").

GRQ schemes neither require that members maintain regular payments into such schemes, nor do they rely on carefully selected members for their survival. Because of the nature of GRQ schemes, such schemes ostensibly do not qualify for membership of NASASA or SACCOL.

12Stokvels en die Mpywet?

Is n stokvel n vennootskap?

VENNOOTSKAPPE/STOKVELS 30.Verbod op verenigings of vennootskappe met meer as twintig lede, en vrystelling.(1)Geen maatskappy, vereniging, sindikaat of vennootskap bestaande uit meer as twintig persone word in die Republiek toegelaat of opgerig met die doel om sake te doen wat die maak van wins deur die maatskappy, vereniging, sindikaat of vennootskap, of deur die individuele lede daarvan, as oogmerk het nie, tensy dit geregistreer word as n maatskappy kragtens hierdie Wet of opgerig word ingevolge n ander wet

T: 051 401 9111 info@ufs.ac.zawww.ufs.ac.za