Stokvel robberies on the rise during festive season, authorities warn members. #sabcnews

By | December 2, 2023

“Stokvel Members Urged to Find Safer Ways to Share Money, Amidst Recent Robbery Reports #sabcnews”

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Stokvel Members Urged to Find Safer Ways to Share Money During Festive Season

As the festive season approaches, stokvel members are being urged to find safer ways to share their money. This comes after a number of stokvel robberies have been reported to the police in recent times.

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Stokvels, which are informal savings clubs, are a popular way for South Africans to save and invest their money. Members contribute a fixed amount of money regularly and take turns receiving a lump sum payout. These funds are often used for various purposes, such as education, home improvements, or holiday expenses.

However, criminals have been targeting stokvels, taking advantage of the large sums of money exchanged during the festive season. The South African Police Service (SAPS) has received reports of stokvel robberies where armed individuals have ambushed members and made off with their savings.

In response to these incidents, authorities are calling on stokvel members to take precautions and find safer ways to share their money. SAPS spokesperson, Captain Siphiwe Ndlovu, emphasized the importance of being vigilant and avoiding predictable patterns.

“Stokvel members should avoid carrying large amounts of cash or making withdrawals at the same time and place. Criminals are watching and can easily target those who are not cautious,” said Captain Ndlovu.

He also recommended using alternative methods such as electronic transfers or mobile money platforms to share funds instead of carrying cash. These digital options provide a safer and more traceable way to transfer and receive money.

Furthermore, stokvel members are encouraged to establish strong communication networks within their groups. By sharing information about suspicious activities or individuals, members can help each other stay safe and prevent potential robberies.

The festive season is a time of joy and celebration, but it is also when criminal activity tends to increase. It is crucial for stokvel members to prioritize their safety and take necessary precautions when sharing their hard-earned savings.

Authorities are working to raise awareness about the risks associated with stokvel robberies and provide guidance on how to protect oneself. By following these recommendations and staying vigilant, stokvel members can enjoy a safe and secure festive season..

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