Palesa Lengolo on Stokvels in South Africa

In the third and final entry of our Stokvel series we interviewed EasyEquities INVSTR, businesswoman and Stokvel advocate, Palesa Lengolo, about Stokvels in the investment space. The founder of Palengo Holdings: an investment and small business venture capitalist group, sat down with us to discuss the relatively untouched potential in this type of collective investment organisations.

While Stokvels are traditionally seen as informal organisations with one collectivised financial objective, Palesa highlights that we’re seeing a break from the old ways.

In the interview with the superwoman we look at just what makes Stokvels unique, and how the financial industry is beginning to recognise Stokvels as legitimate financial organisations.

Watch a portion of the interview with Palesa: 

You can listen to the full podcast and interview here:

2021 Update: 

Palesa joined us on our Easy Does It podcast to speak Stokvels, but we think you should give it a listen as well to see the progress being made in the SA financial landscape: 

Below are the docs required to open group investment accounts with us:

• Stokvels, other social groups
• Trusts: An arrangement which permits someone not owning assets to hold them for the trust beneficiaries. Read more on definitions here.
• Partnerships: A business structure in which the persons (two or more) in the organisation share in the profits and losses of the business. Read more.
• Closed Corporations: A simplified and more flexible business than a company. More info here
• Listed and unlisted companies: company that is either listed on a stock exchange, or not (with varying share distribution practices). Find out more.