Stokvel Study guides, Study notes & Summaries

OTE 2601 Assignment 1. entrepreneurship at school. What are on the benefits of opening a Nedbank Stokvel account? Elaborate on the role of each of the following types of stokvel. Discuss the steps that you will take before compiling a cash flow plan.

Members of investment stokvels contribute a fixed amount of money usually on a monthly basis. The funds are saved and allowed to accumulate before investment in business ventures. High-budget stokvels operate as financial institutions and are established for the purpose of promoting savings and investments. 1.1.2 Members make fixed contributions to cover funeral expenses. The specific benefits are defined in the constitution of the relevant stokvel and usually include purchase of a coffi...

OTE2601 Assignment 1 (COMPLETE ANSWERS) 2024 (809035) - DUE 3 May 2024 ; 100% TRUSTED workings, explanations and solutions. for assistance Whats-App 0.6.7..1.7.1..1.7.3.9 ......................................... QUESTION 1 In 2020, the world was devastated and ravaged by the unprecedented Corona Virus (Covid-19) pandemic. Most businesses closed-down; which resulted in serious loss of jobs to certain employees whilst some business put employees on contract or retrenched them. While conductin...

OTE2601 Assignment 2 Semester 2 2023 answers Question 1 1.1) • An unskilled occupation which requires no training, doing basic work, such as cleaners, bus conductors and hospital porters. Training is done on the job when it is required to maintain standards and to stay on top of any changes. • A semi-skilled occupation requires a certain amount of basic training, which is normally provided by the company or the employee who’s position you are taking over, for example: factory machin...

OTE2601 Assignment 2 Semester 2 2023 answers Question 1 1.1) • An unskilled occupation which requires no training, doing basic work, such as cleaners, bus conductors and hospital porters. Training is done on the job when it is required to maintain standards and to stay on top of any changes. • A semi-skilled occupation requires a certain amount of basic training, which is normally provided by the company or the employee who’s position you are taking over, for example: factory machi...

Different ways to withdraw money and interact with a bank Electronic banking DebiCheck Debit Orders The DebiChech process Lending Applying for a loan Types of lending Lending in a retail environment Saving Different ways to save money Different ways to save money (continued) Interest Rates Your Personal savings goal

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