How it works
A simple monthly cycle, built for discipline.
The monthly cycle
Contribute
Each member pays at least R500 a month into the BBS group bank account.
Pool
Money is held in the BBS group account, never in any one person's personal account.
Invest
The Investment Committee invests the pool every quarter, as the mandate sets out and members approve.
Report
Monthly statements, quarterly performance reviews and a check by the Auditor every six months.
Due dates & penalties
| Due date | The 25th of every month |
|---|---|
| Final day to pay | The 7th of the next month |
| Paid 1 to 5 days after the 7th | R50 penalty |
| Paid 6 to 14 days after the 7th | R100 penalty |
| Paid 15 or more days after the 7th | Counted as a missed contribution |
| Minimum contribution | R500 a month |
| Lock-in period | 12-month minimum commitment |
| Extra money | Voluntary top-ups are welcome at any time |
| Payment reference | Your full name and surname |
Contribution calculator
Work out what you will pay in. This calculator does not show returns.
- Monthly contributions
- R6,000
- Top-ups
- R0
- Total you pay in
- R6,000
- Per year at this rate
- R6,000
Fewer than 12 months is below the minimum commitment.
This shows only what you pay in. It does not show investment growth or losses, and it leaves out late penalties.