OTE2601
Assignment 3
2025 (Answer
Guide) - DUE 8
July 2025
QUESTIONS WITH 100%
VERIFIED AND
CERTIFIED ANSWERS.
,OTE2601 Assignment 3 2025 (Answer Guide) - DUE 8 July 2025
QUESTIONS WITH 100% VERIFIED AND CERTIFIED ANSWERS. WRITTEN IN
REQUIRED FORMAT AND WITHIN GIVEN GUIDELINES. IT IS GOOD TO USE AS A
GUIDE AND FOR REFERENCE, NEVER PLAGARIZE. Thank you and success in
your academics.
UNISA, 2025.
Contents
QUESTION 1 .............................................................................................................................................. 2
1. Understanding Stokvels: Types and Roles (10 marks) ................................................................ 2
Types of Stokvels: .............................................................................................................................. 2
Roles of Stokvels:............................................................................................................................... 2
2. Bank-Managed Stokvel Accounts: A Comparison (15 marks) .................................................... 3
FNB Stokvel Account: ........................................................................................................................ 3
Standard Bank Stokvel Account: ..................................................................................................... 3
ABSA Stokvel Account: ..................................................................................................................... 4
Nedbank Stokvel Account: ................................................................................................................ 5
3. Comparative Summary Table .......................................................................................................... 5
Conclusion ............................................................................................................................................... 6
QUESTION 2 .............................................................................................................................................. 6
2.1 Before the Flea Market (8 marks) ................................................................................................. 6
2.2 During the Flea Market (9 marks) ................................................................................................. 7
2.3 After the Flea Market (8 marks)..................................................................................................... 7
Conclusion ............................................................................................................................................... 8
QUESTION 3: Teaching and Learning Methods to Train Entrepreneurs (25 Marks) ...................... 8
Grade Selected: Grade 9 ...................................................................................................................... 9
Five Teaching and Learning Methods................................................................................................. 9
Best Method: Project-Based Learning (PBL) ................................................................................... 11
Conclusion ............................................................................................................................................. 11
QUESTION 4: Financial Management Functions in Business (25 Marks) ...................................... 12
4.1 Estimation of Capital Requirements (5 marks) ......................................................................... 12
4.2 Determination of Capital Composition (5 marks) ...................................................................... 12
, 4.3 Choice of Sources of Funds (5 marks) ....................................................................................... 13
4.4 Investment of Funds (5 marks) .................................................................................................... 13
4.5 Financial Controls (5 marks) ........................................................................................................ 14
Conclusion ............................................................................................................................................. 14
References: ............................................................................................................................................... 15
QUESTION 1
1. Understanding Stokvels: Types and Roles (10 marks)
Stokvels are informal savings clubs or investment societies where members contribute
fixed amounts of money regularly. These funds are used for various purposes
depending on the stokvel’s nature.
Types of Stokvels:
1. Savings Stokvels – Members contribute money monthly, and each member
receives a lump sum payout on a rotational basis. Purpose: personal savings,
debt reduction, or household expenses.
2. Grocery Stokvels – Members pool money for bulk purchases of groceries, usually
around the festive season. Purpose: to secure household essentials affordably.
3. Burial Societies – Aimed at helping members cover funeral expenses. Purpose:
social and financial support during bereavement.
4. Investment Stokvels – Members contribute funds that are invested in property,
shares, or small businesses. Purpose: wealth creation.
5. Loan Stokvels – Members can borrow money from the pooled funds at agreed
interest rates. Purpose: access to affordable credit.
Roles of Stokvels:
• Financial discipline – Members commit to saving regularly.
Assignment 3
2025 (Answer
Guide) - DUE 8
July 2025
QUESTIONS WITH 100%
VERIFIED AND
CERTIFIED ANSWERS.
,OTE2601 Assignment 3 2025 (Answer Guide) - DUE 8 July 2025
QUESTIONS WITH 100% VERIFIED AND CERTIFIED ANSWERS. WRITTEN IN
REQUIRED FORMAT AND WITHIN GIVEN GUIDELINES. IT IS GOOD TO USE AS A
GUIDE AND FOR REFERENCE, NEVER PLAGARIZE. Thank you and success in
your academics.
UNISA, 2025.
Contents
QUESTION 1 .............................................................................................................................................. 2
1. Understanding Stokvels: Types and Roles (10 marks) ................................................................ 2
Types of Stokvels: .............................................................................................................................. 2
Roles of Stokvels:............................................................................................................................... 2
2. Bank-Managed Stokvel Accounts: A Comparison (15 marks) .................................................... 3
FNB Stokvel Account: ........................................................................................................................ 3
Standard Bank Stokvel Account: ..................................................................................................... 3
ABSA Stokvel Account: ..................................................................................................................... 4
Nedbank Stokvel Account: ................................................................................................................ 5
3. Comparative Summary Table .......................................................................................................... 5
Conclusion ............................................................................................................................................... 6
QUESTION 2 .............................................................................................................................................. 6
2.1 Before the Flea Market (8 marks) ................................................................................................. 6
2.2 During the Flea Market (9 marks) ................................................................................................. 7
2.3 After the Flea Market (8 marks)..................................................................................................... 7
Conclusion ............................................................................................................................................... 8
QUESTION 3: Teaching and Learning Methods to Train Entrepreneurs (25 Marks) ...................... 8
Grade Selected: Grade 9 ...................................................................................................................... 9
Five Teaching and Learning Methods................................................................................................. 9
Best Method: Project-Based Learning (PBL) ................................................................................... 11
Conclusion ............................................................................................................................................. 11
QUESTION 4: Financial Management Functions in Business (25 Marks) ...................................... 12
4.1 Estimation of Capital Requirements (5 marks) ......................................................................... 12
4.2 Determination of Capital Composition (5 marks) ...................................................................... 12
, 4.3 Choice of Sources of Funds (5 marks) ....................................................................................... 13
4.4 Investment of Funds (5 marks) .................................................................................................... 13
4.5 Financial Controls (5 marks) ........................................................................................................ 14
Conclusion ............................................................................................................................................. 14
References: ............................................................................................................................................... 15
QUESTION 1
1. Understanding Stokvels: Types and Roles (10 marks)
Stokvels are informal savings clubs or investment societies where members contribute
fixed amounts of money regularly. These funds are used for various purposes
depending on the stokvel’s nature.
Types of Stokvels:
1. Savings Stokvels – Members contribute money monthly, and each member
receives a lump sum payout on a rotational basis. Purpose: personal savings,
debt reduction, or household expenses.
2. Grocery Stokvels – Members pool money for bulk purchases of groceries, usually
around the festive season. Purpose: to secure household essentials affordably.
3. Burial Societies – Aimed at helping members cover funeral expenses. Purpose:
social and financial support during bereavement.
4. Investment Stokvels – Members contribute funds that are invested in property,
shares, or small businesses. Purpose: wealth creation.
5. Loan Stokvels – Members can borrow money from the pooled funds at agreed
interest rates. Purpose: access to affordable credit.
Roles of Stokvels:
• Financial discipline – Members commit to saving regularly.
