Sinking Fund
R2,000.00
Sinking fund also referred to as troubled fund shall consist of funds used to administer benefits to members in both good and bad times. Each member must contribute R2000 towards the sinking fund within 6 months of Joining otherwise their membership shall either be revoked or they shall be heavily fined. As benefits are administered to members, each member’s sinking fund shall reduce as per the schedule of benefits. Members shall be called upon at the end of each year to top up back their sinking fund to maintain the balance of R2000
Product Details
Sinking fund also referred to as troubled fund shall consist of funds used to administer benefits to members in both good and bad times. Each member must contribute R2000 towards the sinking fund within 6 months of Joining otherwise their membership shall either be revoked or they shall be heavily fined. As benefits are administered to members, each member’s sinking fund shall reduce as per the schedule of benefits. Members shall be called upon at the end of each year to top up back their sinking fund to maintain the balance of R2000.
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