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TIPS FOR STOKVEL GROUPINGS: PHILIPPI-EAST
2020/10/22      |  Written By:  Captain G Meyer   |   Province:  Western Cape

Philippi-East: Be careful! Criminals are targeting your stokvel payout this Festive Season.

As the festive season approaches, residents are eager to spend their hard earned money with their loved ones. Regrettably, this is also the time in which criminal elements will attempt to continue committing crimes.

As a precautionary measure, SAPS Phillipi-East would like to caution the community, particularly those who have been saving money through stokvel groupings or societies to avoid carrying a lot of cash.

TIPS FOR STOKVEL GROUPINGS

Refrain from making cash deposits of club members’ contributions at high-risk days (e.g. Monday after month end).

Ensure persons depositing club cash contributions or making withdrawals are accompanied by another club member.

A stokvel savings or burial society can arrange for members to deposit cash directly into the club’s account instead of collecting cash contributions.

Arrange for the club’s pay out to be electronically transferred into each club member’s personal account or accounts of their choice.

Take another person with when going to deposit club cash contributions.