A Stokvel is a type of credit union in which a group of people enter into an agreement to contribute a fixed amount of money to a common pool weekly, fortnightly or monthly. Universally, such a system is known as a rotating savings and credit association (ROSCA), which is a group of individuals who agree to meet for a defined period in order to save together.
This morning, a man going by the handle @AdvoBarryRoux posted photos of a woman who reportedly stole stokvel money on Twitter.
Bontle ran away with R300,000 stokvel money her followers deposited to her. She deactivated all her social media accounts. Where is R300,000 going to take her. Mara how do you deposit money in the account of the person you have never met before? pic.twitter.com/U1JBdV7ovx
— Man’s NOT Barry Roux (@AdvoBarryRoux) December 23, 2023
The woman in this photo is reported to have fled with stokvel money that she received from her Twitter followers, as the tweet above shows.
According to the caption, the woman’s name is Bontle and she allegedly received an amount of R300,000 from her followers on twitter as it was part of their stokvel agreement. It has been stated that she deactivated all her social media accounts after receiving the money.