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How does it work?

Jabula Ekhaya Savings and Investment Club is a membership-based club. People interested in joining the Savings and Investment Club are required to pay a joining fee as well as a set monthly amount deposit based on the membership plan they choose. There are four membership plans as per Table 1 below. The unit valuation system is used to determine membership in the Savings and Investment Club. This means that each Savings and Investment Club member's share is expressed as a unit, with a monetary value assigned to each unit. The units are initially valued at R1.00 per unit. Jabula Ekhaya Savings and Investment Club will issue 17 million Units as per Table 2 below. People can buy as many units as they wish. The savings are locked in for a period of three years. Members can not withdraw or sell the units during this lockin period.
Lockin period is important for members to reap benefits from investments. Having lockin period in place will help members to stay with the Savings and Investment Club for some time and reap benefits from long term investing. The lockin period also induces stability in the fund and preserving liquidity. A lockin period will restrict members from withdrawing or selling their units and keep the fund assets stable. This is done in the interest of the investors so that they can reap significant benefits from the investments.
When a member wants to withdraw from the Savings and Investment Club after three years, they can trade the units. The Savings and Investment Club members will have first right of refusal on the units that are offered for sale.

Banking Details

Account Holder: Jabula Ekhaya Group
Account Type: Mercintile Bank Account
Account Number: 1051269849
Deposit can be done at any Capitec Bank ATM

Membership Plans

Membership Plans

No of units Category Description Joining Fee R Contributions
5 m Youth This membership is intended for young people aged 12 to 24 years, particularly those who are still in school, including primary, secondary, and high school, as well as colleges and universities. 10 Each member will contribute or save an amount of R1 a day which is R7.00 a week, R28.00 a month for a period of 12 months which is R336.00 a year.
10 m Individual Membership This plan is for adults above the age of 24. 100 Each member contribute or save an amount of R2.00 a day which is R14.00 a week, R56.00 a month for a period of 12 months which is R672.00 a year
1 m Entrepreneurs This membership is for entrepreneurs. 200 Each member contribute or save an amount of R5.00 a day which is R35.00 a week, R140.00 a month for a period of 12 months which is R1,680.00 a year.
1 m Group This memberships is for groups such as churches, community, trade unions, Stokvel, organizations, etc. 300 Each group contribute or save an amount of R20.00 a day or R140.00 a week, or R560.00 a month for a period of 12 months which is R6, 720.00 a year.

Value of the Units

Category Joining Fee R Contributions Units at R1
Youth 10 336 346
Individual Membership 100 672 772
Entrepreneurs 200 1680 1880
Group 300 6720 7020

Amount to be raised

Category No units to be allocated Value of a Unit per year Amount to be raised
Youth 5 million 346 1,730 000 000
Individual Membership 10 million 772 7, 720 000 000
Entrepreneurs 1 million 1880 1, 880 000 000
Group 1 million 7020 7, 020,000000
TOTALS 17 million 11,402000000

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