In South Africa, wealth has never been built in isolation. Our greatest financial progress has always stemmed from collective efforts grounded in trust, shared values, and the enduring spirit of community. For generations, stokvels have been the heartbeat of this collective approach, informal savings groups that have enabled families to put food on the table, send children to school, honour loved ones, and mark life’s milestones with dignity.
Palesa Masiteng, CEO of FracProp shares insights into stokvels and their unlimited potential in becoming far more than just financial mechanisms. Stokvels hold the potential to move beyond traditional savings and into high-impact wealth-building arenas such as property and fractional ownership. Rewriting the story of access, creating generational wealth, and uplifting communities from within.
In a country where financial exclusion remains a daily reality for millions, South Africans have long turned to one another to create their own systems of security and support. Stokvels have been deeply rooted as a community-based savings clubs and having stood the test of time, it offers more than just economic value. Stokvels are a symbol of trust, collective effort, and resilience.
Stokvels are responsible for mobilising over millions in rands annually, which is a staggering testament to the power of community wealth-building. But what if this same model, which has helped families bury loved ones, send children to school, and stock fridges at year-end, could be reimagined to unlock something even bigger? What if Stokvels could become a gateway to property ownership, as one of the most powerful tools for building intergenerational wealth?
From Stokvel to Property Owners
FracProp is rewriting the script redirecting this financial muscle of Stokvels into long-term wealth creation through property. Stokvels have always worked because they are built on shared values: mutual benefit, transparency, and accountability. Through the FracProp platform, any group whether it’s a circle of friends, an existing Stokvel, a family, or even colleagues can pool together in vetted property developments. Through the Developer Fund, Fracprop creates a marketplace for developers to raise equity, while providing opportunities to Stokvels to start owning real assets.
It’s property ownership made accessible, manageable, and most importantly, collective.
The Property Gap and the Promise of Collective Power
Let’s be honest, traditional property ownership is not designed for the majority. Rising interest rates, tightening credit policies, and stagnant incomes have made the dream of owning a home feel like a distant reality for many. Through fractional ownership, groups can bypass many of these barriers, no need for massive upfront deposits, dependence on bond approvals, individual risk burden and long-term lock-in. This approach not only allows more people to participate in the property market, it also reshapes the entire ownership mindset. Wealth is no longer something to chase alone. It becomes something to build together.
The Developer Fund: Fueling Growth from Both Sides
FracProp isn’t just about giving everyday South Africans access to property ownership. It’s also about unlocking capital for developers who are shaping the property market.
Through the FracProp Developer Fund, we’re creating a pipeline of financing for property developers who traditionally face bottlenecks in securing funding. By pooling contributions from stokvels, individuals, and institutional partners, we’re bridging the gap between community capital and developer opportunity.
This means developers can fast-track projects while communities’ benefit from co-owning those same assets. It’s a win-win: property gets built, wealth gets created, and South Africans finally gain access to the property ladder.
The 100 Movement: Everyday People, Unlock the Power of Community
At the heart of this vision is the 100 Movement, a grassroots initiative that allows any South African with as little as R100 to step into property ownership. For the first time, you don’t need millions or a bond approval to be part of the property market. All you need is your phone, your network, and your commitment. Whether you’re in Soweto, Gqeberha, or Limpopo even Gaborone, you can start with as little as R100 and co-own a fraction of a real property.
It’s a bold shift as wealth is no longer an exclusive pursuit of the few. It becomes a collective mission where every R100 carries power, purpose, and potential.
This Is About More Than Property, It’s About Power
Let’s not underestimate what’s at stake here. The property market has historically been an exclusive space closed off by legacy systems, financial gatekeeping, and generational privilege. Fracprop is democratizing property ownership; by digitizing real estate, we are redistributing the power back to the community. We’re not just keeping people in their homes, FracProp is enabling participation and putting them into asset ownership. We’re not just talking about inclusion, we are doing it in a way that respects and uplifts our culture of communal upliftment.
A Future We Build Together
Imagine if even 10% of the millions in rands that are currently moving through Stokvels annually were redirected into property investment. That’s potential capital enough to fund thousands of units, create affordable housing stock, and transform entire communities.
This is more than an idea, it’s a movement. The 100 Movement is a new chapter where stokvels become property owners, developers access funding that drives growth, and everyday South Africans take their rightful place at the table of wealth creation.
Together, we’re not just buying property. We’re rewriting history.
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