Dear Members, Friends, Supporters and Advocates of the Stokvel Community,
In the heart of South Africa’s financial tapestry, a beacon of resilience and empowerment shines bright—the National Stokvel Association of South Africa (NASASA). Today, we stand at the threshold of possibility, where the timeless practice of Stokvels meets the strategic guidance of NASASA. Our journey is one of protection, promotion, development, and unwavering support for the very essence of communal savings that defines our nation.
NASASA orchestrates a symphony of roles, harmonizing regulatory prowess with financial ingenuity. As a Self Regulatory Organisation, approved by the venerable South African Reserve Bank, we stand as vigilant custodians, ensuring that the Stokvel sector operates with integrity and adherence to the highest standards. Beyond our regulatory mantle, NASASA stands proudly as a Financial Services Provider (FSP) authorised by the Financial Services Conduct Authority (FSCA), and an investor in National Treasury’s Financial Co-Operative Retail Savings Bond. In the intricate dance of financial cooperation, NASASA holds the title of a Registered Financial Co-Operative, a distinction bestowed by the Prudential Authority under the Co-Operative Banks Act.
Our role extends far beyond the clinical confines of regulation and compliance. We are architects of empowerment, advocates for community development, and builders of financial entities finely tuned to the Stokvel rhythm. NASASA, with its enabling licenses, opens doors for Stokvels to operate within a regulated framework, ensuring their legitimacy and longevity. In our pursuit of stability, NASASA promotes a financial environment where Stokvels not only survive but thrive.
Today, as we embark on this collective journey, let us remember that NASASA is more than an institution; it is a beacon of hope, a custodian of tradition, and a catalyst for progress. With each role we undertake, we pledge to be the architects of a resilient and thriving Stokvel community. In unity, strength, and purpose, we invite you to join hands with NASASA. Together, let us script a new chapter where financial empowerment and security converge, where the Stokvel spirit soars to new heights. Welcome to NASASA—the guardian, advocate, and architect of the Stokvel financial system.
To adapt and stay relevant to the constituency. NASASA operates as a learning organisation, purposefully interacting with our environment and continiously improving our process based on experiments and feedback.
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