Stokvels increasingly used to buy property
Oct 04, 2020
3 minutes
BY BONNY FOURIE bronwyn.fourie@inl.co.za
PICTURE: CADE MARTIN/DAWN ARLOTTA
PROPERTY stokvels continue to gain momentum in South Africa with members now using this option to branch out as property investors.
Most stokvel members investing in property still use the funds to buy, build or extend their own homes but increasingly they are using surplus money to buy affordable property to invest for rental income.
In some parts of the country, groups that have helped each other extend and build their homes are now
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