By localnew 
Members of the Flora Stokvel in Extension 12, Tsakane — a savings club — were targeted by armed robbers who snatched around R108 000 in cash. According to multiple local‑media–linked social‑media posts, the suspects struck as stokvel members were leaving a house, preparing to go grocery shopping.
🧑🤝🧑 What Happened
Two men — reportedly armed — approached the women with cash bags and demanded the money, then fled with all the savings.
The amount stolen is said to represent a full year’s savings for at least one member group, making the blow particularly devastating.
The robbery has left the stokvel members “devastated,” with some describing it as a black day for the group.
⚠️ Broader Context — Stock‑Savings Clubs Under Threat
This incident is part of a growing trend: stokvels and informal savings clubs — often handling cash — are increasingly being targeted by armed robbers. Police and community leaders have repeatedly warned stokvel members to avoid handling large sums of cash in person and to consider safer alternatives such as electronic transfers