- Name
As NASASA Members, we proudly adopt a collective identity that signifies unity, collaboration, and mutual support. By operating under this shared banner, we recognize our commitment to the principles and objectives set forth by NASASA, an organization dedicated to the protection, promotion, and development of the Stokvel practice. - Affiliation
Our voluntary affiliation with NASASA serves as a testament to our collective recognition of the importance of regulatory support, development initiatives, and a unified voice for the Stokvel sector. By choosing to affiliate with NASASA, we express our commitment to operating within a regulated framework that ensures legitimacy, stability, and longevity for all NASASA Members.
- Mutual Cooperation
The primary objective of NASASA Members is to foster a spirit of mutual cooperation, support, and respect among members. By actively engaging in collaborative efforts, we aim to create a robust and interconnected Stokvel community that thrives on shared goals and collective empowerment. Through cooperation, NASASA Members can amplify their impact, benefiting the entire Stokvel sector. - Compliance
NASASA Members commit to upholding and complying with NASASA’s regulatory framework. This commitment extends beyond individual interests, emphasizing the collective responsibility of maintaining the integrity and stability of the broader Stokvel sector. By adhering to established standards, NASASA Members contribute to the sector’s credibility and ensure a trustworthy environment for all stakeholders.
- Eligibility
Membership in NASASA is open to all Stokvel groups, individuals, businesses, business associations, sectoral associations, families, and religious organizations and other special-purpose groups operating within the Republic of South Africa that voluntarily choose to affiliate with NASASA. This inclusive approach underscores the diversity of entities eligible for membership. NASASA Members celebrate the richness and variety within the Stokvel sector, recognizing that collective strength arises from this diversity. - Application
To become a NASASA Member, prospective entities must submit a formal application. The acceptance of this application is contingent upon NASASA’s thorough review and approval, ensuring that all members align with the principles, objectives, and ethical standards set by NASASA. This application process establishes a formal entry point, emphasizing the importance of commitment to shared values.
- Ethical Conduct
NASASA Members pledge to uphold the highest ethical standards in their operations. This commitment extends to treating fellow members, partners, and the broader community with fairness and integrity. Ethical conduct forms the bedrock of NASASA Members’ interactions, fostering trust and contributing to a positive and reputable Stokvel sector. - Transparency
Transparency in financial operations is a core principle for NASASA Members. By maintaining clear, accurate, and transparent financial records, members contribute to building trust among themselves and complying with regulatory requirements. This commitment to transparency not only enhances the credibility of individual Stokvels but also strengthens the overall trustworthiness of the Stokvel sector.
- Communication
NASASA Members commit to open and regular communication with NASASA. This communication encompasses the provision of necessary information, updates, and feedback. An open line of communication ensures that NASASA Members stay informed about regulatory changes, sector developments, and initiatives led by NASASA. Effective communication establishes a collaborative relationship, allowing members to actively participate in shaping the collective direction of the Stokvel sector. - Participation
Active participation in NASASA-led initiatives, events, and forums is not just encouraged but considered an integral aspect of NASASA Membership. Through engagement, members contribute to the collective interests of the Stokvel community. Participation involves sharing insights, experiences, and expertise, creating a dynamic environment where NASASA Members collectively advance the goals and objectives of the broader Stokvel sector.
- Trustworthy
Trustworthiness stands as the hallmark of NASASA Members. As trusted entities within the Stokvel sector, members consistently demonstrate reliability and dependability in their financial operations. This commitment to being trustworthy fosters a sense of security and confidence among members, partners, and the broader community. - Honest
Honesty is a fundamental trait upheld by NASASA Members in all dealings. This commitment to honesty ensures transparency in interactions, reinforcing the trust established within the Stokvel community. By prioritizing honesty, members contribute to a positive and ethical environment, shaping the Stokvel sector as one built on integrity. - Disciplined
Discipline in financial management and decision-making characterizes NASASA Members. This discipline is not only crucial for the stability of individual Stokvels but also contributes to the overall sector’s resilience. By adhering to sound financial practices, members play a vital role in creating an environment where Stokvels can thrive and endure. - Co-operators
Active cooperation is a defining trait of NASASA Members. Members actively cooperate with each other and NASASA, recognizing that collaboration is key to mutual benefit. This cooperative spirit extends beyond individual entities, fostering an environment where collective goals take precedence over individual interests. - Commitment to the Collective
Commitment to the collective interests of the Stokvel community is a guiding principle for NASASA Members. This commitment aligns the actions of members with the greater good, emphasizing the importance of working together to enhance the well-being of the entire Stokvel sector. - Well-Informed
Being well-informed is a characteristic of NASASA Members. Staying abreast of regulatory changes, best practices, and sector developments is not just a responsibility but a proactive approach to contributing positively. Informed members are better positioned to make sound decisions, navigate challenges, and actively participate in the growth of the Stokvel sector. - Long-term Planner
NASASA Members exhibit a forward-looking approach through long-term planning. This strategic outlook extends beyond immediate concerns, emphasizing the importance of planning for the benefit of members and the Stokvel sector at large. Long-term planning positions members as architects of sustainability and growth.
- Internal Resolution
NASASA Members commit to attempting the amicable and internal resolution of disputes. This internal approach seeks to address conflicts within individual Stokvels, emphasizing open communication and cooperation among members. - NASASA Intervention
In the event of unresolved disputes, NASASA may intervene to facilitate fair and just resolutions. This intervention ensures the stability of the NASASA Member Stokvel community and upholds the principles of fairness and equity in dispute resolution.
- Amendment Procedure
Amendments to this constitution may be proposed by NASASA or through a petition submitted by NASASA Member Stokvels. This open and democratic process allows for flexibility and inclusivity in shaping the guiding principles of NASASA Members. - Approval
Amendments require approval by a majority vote of NASASA Member Stokvels. This democratic approval mechanism ensures collective ownership of the guiding principles, emphasizing the importance of consensus in shaping the direction of NASASA Members.
This constitution is hereby ratified by the affiliated NASASA Members.This constitution, founded on principles of cooperation, transparency, and ethical conduct, establishes a framework for NASASA Members to thrive collectively within the regulatory and supportive environment provided by NASASA.
