The vision of this Stokvel is to include any individuals, especially those who could not ordinarily afford to invest in a truck and logistics business, in the returns acquirable from a truck and logistics business. The trucks will be acquired by a company registered as Odyssey Logistics (Pty) Ltd.
Members can choose between a minimum amount of R10 000.00 which will be payable on registering as a member or monthly contributions of R2,500 per month. Although members may contribute monthly, the minimum required to participate in any investment is R10,000.
There is a non-refundable joining fee of R200. There will be a lock-in period of 24 months. Members will receive payouts at an average ROI of 10%* per annum every 6 months, at the end of 24 months, the initial amount will be paid back to the members, where the members will have a choice to exit or invest as shareholders** of Odyssey (Pty) Ltd.
*ROI is based on historical industry performance
**The shareholding structure will be determined by Odyssey (Pty) Ltd either as a Trust or group scheme or similar.