Stokvel Community Indaba coming to Soshanguve

Stokvel members to wear their uniforms on the day

Local stokvel group members are invited to attend the free Pick n Pay Stokvel Community Indaba, an event inspired to engage and empower stokvel groups to take charge of their money and get more rewards for their members.

Taking place on Saturday 11 August 2018 at the Falala Community Hall, Soshanguve-F, Xibelane Street, attending stokvel groups will have the chance to interact with various partners through talks, dance and competitions, and in the process, equip themselves to make the best decisions for their stokvel savings.

Members can expect advice on how to save for year-end bulk buying season, group insurances and travel savings from various partners from the grocery, financial advisory and travel and leisure sector.

Members will also be inspired with budget recipe ideas for creating meals for large groups and receive education on how to get more value for money using specific grocery brands. Furthermore, there will be a free tasting of recipes using local brands.

“We want to engage directly with stokvel community members. We want to understand their challenges and buying behaviours and help them manage better financially, providing them with helpful and practical information on how best to shop for great value for their money,” said Papi Rapolai, General Manager of Wholesale and Stokvel at Pick n Pay.

This is planned as a comprehensive event extending beyond financial advice, so groups will also receive tips on how to exercise and keep healthy. Mr Rapolai said they also want to deal with community social challenges, such as women and child abuse, depression and substance abuse. “We have invited people in relevant fields to speak to members about these issues as we know they affect members in their daily lives.”

Stokvel groups stand a chance to win their share of the prizes on the day valued at R1 million. This includes a group trip to Mauritius and Hart Pots to the value of R20 000. There will also be lots of instant prizes throughout the day.

Rami Chuene, popular star of The Queen TV Series and MC for the Stokvel Community Indaba, says that this will be more than just an event and that it would further improve lives and empower the community. “It is important that the stokvel members are better equipped with financial know-how, so they save effectively and get to understand the power they hold and the benefits of knowing how to manage finances,” says Chuene.

Earlier this year, Pick n Pay, in partnership with Absa, also launched a new Grocery Stokvel Account to cater for groups saving for groceries or other store-bought essentials. With this, stokvels will earn competitive interest rate on balances of as little as R50, and spend their stokvels’ money safely and conveniently at Pick n Pay, where they will also receive further savings on groceries with the Smart Shopper Wholesale Stokvel card.

“Through our Grocery Stokvel Account we have been regularly engaging with stokvels and it’s become clear many groups aren’t aware they could be putting their savings to better use. We believe there is a need for more collaborative sharing amongst stokvels to improve outcome”, said Mr Rapolai.

“During the afternoon we want to encourage stokvel members to engage with the participating partners, but also amongst each other to share their buying experiences and success stories. By doing this we can all learn from each other and find better solutions to improve the benefits each member receives through their respective stokvel,” Mr Rapolai said.

Entrance to the Pick n Pay Stokvel Community Indaba is free and attendees are guaranteed a goodie bag and lunch. Stokvel groups are required to wear their uniforms.

The Pick n Pay Stokvel Community Indaba will take place on Saturday, 11 August 2018, 12pm – 4pm at        Falala Community Hall, Soshanguve – F, Xibelane Street. Dress code is Stokvel uniform and entrance is    free.