Risk & compliance
How we control risk, what we will never invest in, and the rules we follow.
Our six controls
- 1. Diversification
- Money is spread across four asset classes, so one market cannot sink the pool.
- 2. More than one signatory
- No single person can move money above the limit set in the constitution. Office-bearers sign together.
- 3. Six-monthly audit
- The Auditor checks the books every six months, separately from the Treasurer.
- 4. Conflicts of interest
- Members declare any personal interest in writing and do not vote on it.
- 5. Signed constitution
- A binding document that sets every rule, limit and protection. Adopted on 19 March 2026.
- 6. Banned investments
- The constitution forbids the investments listed below.
Banned investments
- Leveraged products
- Nothing bought with borrowed money, and no products that can lose more than is put in.
- Forex speculation
- No currency trading.
- Unlisted securities
- No shares or schemes that are not listed on a recognised exchange.
FSCA, FICA & POPIA
- FSCA
- BBS is a private stokvel for its own members. It is not a financial services provider and is not registered with the FSCA. Nothing on this site is financial advice. We will name a platform or exchange here only once we hold written confirmation from it and its FSP licence number.
- FICA
- A stokvel does not have to register under FICA. We still keep identity documents, proof of residence and next-of-kin details for every member, so that our records are complete.
- POPIA
- We handle members' personal information under the Protection of Personal Information Act. See the privacy notice below.
Privacy notice
What we collect. Identity documents, proof of residence, contact details, next-of-kin details and beneficiary nominations.
Why. To keep membership records, record contributions, make payouts to members and beneficiaries, and reach someone in an emergency.
Who can see it. Only the office-bearers who need it for their role. We do not sell your information or share it, except where the law requires it or to pay a nominated beneficiary.
Your rights. You can ask to see your information, correct it, or ask how it is used. Speak to the Compliance Officer.
This website. This site has no forms, cookies or tracking, and does not collect personal information.