Stokvel members are being urged to take extra precautions when collecting and distributing their annual savings as the festive season approaches, with police warning that criminals may target people carrying large amounts of cash.

Mpumalanga police spokesperson Colonel Mavela Masondo said the payout period could create opportunities for criminals to rob unsuspecting stokvel members, particularly those withdrawing or transporting large sums of money.

“During this period, stokvel members become potential targets for criminals who monitor their movements and take advantage of those carrying large amounts of cash. We urge everyone to remain vigilant and prioritise their safety,” said Masondo.

He encouraged members to use electronic funds transfers and direct bank payments instead of cash when distributing their savings.

Electronic transfers reduce robbery risk

Masondo warned that criminals could monitor members’ movements and identify potential targets at banking facilities, ATMs and shopping centres.

Members are encouraged to keep their money in their bank accounts and use bank cards when purchasing groceries and other household necessities.

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“Avoid carrying large amounts of cash in your wallet or handbag to reduce the risk of theft. Use your bank card when shopping and remain alert, especially in busy public places,” he said.

Those planning their festive season shopping are also advised to avoid discussing their payout arrangements publicly or sharing information about when and where they intend to collect their money.

Committees urged to prioritise member safety

Stokvel committees are encouraged to make security a priority by arranging safer payment methods, informing members about potential risks, and discouraging large cash withdrawals.

Masondo further advised members to avoid travelling alone when carrying substantial amounts of money and to report suspicious individuals or activities to the police.

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Stokvels play an important role in helping families save toward festive season expenses and other household needs. However, members are reminded to remain vigilant to ensure their hard-earned savings do not become an easy target for criminals.

“We want everyone to enjoy the festive season without becoming victims of crime. Protect your savings by using safer payment methods and taking the necessary precautions,” Masondo said.