# Financial services company JustMoney urges South Africans to choose stokvels carefully as the country marks national savings month. The company states stokvels can be an effective way to build savings and good financial habits, provided they have clear governance, secure banking arrangements and affordable contribution requirements. JustMoney’s Sarah Nicholson also advised consumers to be alert to scams and to join stokvels that align with their personal savings goals and long-term financial wellbeing.
South Africans encouraged to pick stokvels carefully during national savings month