- Lead and prepare the agenda for meetings. - Explore opportunities that would enrich the Stokvel and its members. - Ensure rules are adhered to. • Members must abide by the Stokvel Constitution and be over the age of 21 years old. (Sowetan Live, 2 April 2019) Okay, a stokvel remains a stokvel until we decide otherwise. This is a name that ex­plains what your stokvel is all about. - 2016-01-06 - STOKVEL - Some peo­ple will be start­ing their own stokvel groups in Jan­uary. Aims and Objectives The Stokvel/Investor Club is a Group of natural persons (individual members) amongst whom a common bond exists to form an invitation only group savings scheme, investor pool or rotating credit scheme. taking any action of suspension or discipline following such hearings. • Constitution • Application form ... Rustenburg Property Investment Stokvel buys its first 5.8ha piece of land. While you are sitting in lockdown, now may be the time to turn that WhatsApp group into a stokvel. The People’s Stokvel is a call to action for all of us to invest in small black owned businesses. • Should a member pass away, his or her family members will not automatically become members of the Stokvel. - A copy of the chairperson ID copy, proof of residence must be kept on file. All club monies will be banked in an account held in the name of the club. This is a sam­ple of how your con­sti­tu­tion should look like: Name of your stokvel. 4 - Establish relationships and identify opportunities for growth and development. This … Constitution This is an important document that must be drawn up when you start a stokvel. Aims and Objectives Academia.edu is a platform for academics to share research papers. The Management Committee will be responsible for. - Approve money withdrawal with other executive member post a resolution passed in a meeting. The Investor Club/Stokvel: a.) The secretary in conjunction with all other officers shall then decide on the date of a meeting to discuss such proposals, giving at least four weeks (28 days) clear notice. You can view a sample constitution on the Nasasa website. The financial year of the club will end on: DATE. 7. Move! /constitution. The Club Treasurer will be responsible for the finances of the club. (Wealth creation stokvel) 31% 52% 16% 50+ years 35 - 49 years Less than 35 The contributions will then be used to buy assets that will be collectively owned by the members from The People’s Fund. Then you can start thinking of names for your stokvel and draw up your constitution. There is no set number of people in a stokvel, which can contain as few as 5 members or as many as 100. PSL Constitution – Drafted by Mr. Mhlekazi Andile Siyabonga Ndhlovu 30/11/2016 Page 2 of 32 1 CHARACTER OF THE ASSOCIATION 1.1 Name The name of the organization is the Property Lifestyle Stokvel shall also be referred as a PLS which is an Aims and ob­jec­tives. ii. Example Club Constitution APPENDIX 8: i. Club name and a!liation The Club will be called (name of Club), and will be a!liated to Disability Sport Wales/Local Authority/National Governing Body of the sport (delete as relevant). Finance. • Members will supply the Stokvel with their personal details (ID number, date of birth contact details and residential address FICA details). Proposals for amendments to this constitution, or dissolution must be delivered to the secretary in writing. In her book Stokvels: How they can make your money work for you, author and financial educator Palesa Lengolo writes, “I have watched how some stokvels start contributing money from January of each year and, come December, they spend it all on groceries. Alteration of the Constitution. Basically we all contribute R100 a month.

fnb stokvel constitution pdf

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