Stokvel safety tips for festive period
Stokvel theft is rife during the festive season.
AFTER seeing an increase in cases where stokvel clubs are robbed of their savings and of individuals getting into debt after recklessly spending during the festive season, Amanzimtoti SAPS spokesperson, Captain Charlene van der Spuy has decided to share some tips.
Stokvel-related robberies and thefts are most prevalent this time of the year because this is when clubs withdraw the money saved during the year to be divided among the members.
Van der Spuy suggested that instead of withdrawing large amounts of cash from the banks to pay out money to their members, clubs should rather transfer the money into their members’ bank accounts. Those members who do not have bank accounts should be encouraged to open them.
“Clubs that have to pay cash to their members, a practice which is inadvisable, should ensure that they have a secure venue with adequate safety measures in place when dividing and paying members their share of the year’s savings. Stokvel clubs can also request their local police to patrol the vicinity of the venue where they are to make payments to their members as this would deter criminal elements,” said Van der Spuy.
She discouraged withdrawing large amounts of money, especially after hours when the streets are quiet and criminals are likely to be lurking around.
“Rather use the ATMs at shopping malls during business hours when it is safer or where there are security officials on duty. To avoid overspending this festive season, Van der Spuy stressed the importance of drawing up a budget. This will enable you to know straight away what you are able to spend. Be realistic and take into consideration the technical recession and price increase. Include a financial plan for the New Year to ensure a smooth start,” she said.
She said people should avoid buying on credit and the ‘take it now and only start paying for it next year’ deals.
