Forming — no circle is open yet
The end of the ladder
is a car in your name.
A Tesha Circle is twelve drivers who pool weekly and buy each other cars — outright, at fleet price, no bank and no interest.
12 drivers. 12 months.
12 cars — owned outright.
A stokvel is a savings club South Africans have run for generations: members pool money and take turns. A Tesha Circle is that — with a constitution, a bank account and a buffer.
Every month the pool buys one member a car outright. Twelve months, twelve members, twelve cars.
A funded buffer absorbs the weeks a driver can’t. One bad week never becomes a repossession.
Members own the money and hold the title. The car is never on our books, and the account is never ours.
Three prices.
One of them ends.
a week — and you own nothing, ever.
Never endsa week for 36 months — then a fee to buy it. Same car as ours.
36 months, then a feeis yours in 12 months. The weekly amount is set per circle and published before anyone joins.
12 months to the titleNot the cheapest weekly line. The only one that ends.
A Johannesburg driver renting a vehicle clears about R6,100 a month once the platform, the rent, the fuel and the insurance are paid. Driving one they own, the same driver clears about R16,000.
FleetCalc, May 2026. The rent is the single largest line a driver never stops paying.
Rent: FleetCalc, Uber & Bolt driver expenses in South Africa, May 2026 — weekly rental for an older vehicle, R1,800–R2,000. Drive-to-own: Toyota Agya, the same vehicle as our launch fleet, from a published e-hailing rent-to-buy price list, August 2026.
It’s the oldest idea in this country, run properly: published rules, the money in the circle’s own account, and a written constitution before anyone commits a rand.
The first circles are being formed. Before a single one opens, its constitution goes to NASASA — the body that regulates stokvels in South Africa — and to our lawyers. Nothing is charged, and no seat is sold, until that is done and you have read every rule.
Members go first. Circle seats are offered to the membership, in the order people joined. That’s the whole reason to join the list today.
You’ve paid for a car.
Now own one.
Everyone contributes weekly into the circle’s own account, and the cars arrive one by one. When yours arrives, the rent money simply becomes your car money — same weekly budget, different ending: keys in your hand.
"Drive sooner, carry the circle a little longer. Drive later, pay less in total. Every seat is worth the same."
The Circle & the road ahead →How it works.
- 1
Join
Membership is R50/month. When a circle opens, a witnessed draw sets your place — first cars go to those who need them most, and every rule is published first.
- 2
Contribute
A fixed weekly contribution into the circle’s own account — never ours. Cars arrive one by one at a price locked the day the circle forms.
- 3
Own
Rent money becomes car money. Your weekly cost stays level until all 12 drive away owners — then the circle closes.
Straight answers.
What if I miss a week?
Buffer first. Restructure second. A grace period third. We’re built so one bad week never becomes a repossession — and hardship is never a revenue line. Late costs never exceed our actual cost.
What does Tesha earn?
The flat membership, a flat admin fee, and the supplier discount we negotiate on the cars — all disclosed. No markup on your car. No interest. No penalty profit. Interest earned by the pool belongs to members.
Who holds the money?
The circle’s own bank account, in the circle’s own name. Tesha is a signatory it can remove, and every member sees the balance in the app, every day.
Why does my weekly go up after I get my car?
That’s the fairness engine. Drive sooner, carry the circle a little longer; drive later, pay less in total. The top-up is fixed and published before you sign — and because your rent falls away, your total weekly cost doesn’t change.
What if I need to leave?
Before your car arrives: your contributions come back to you as the circle can bear, per the published constitution — the deposit doesn’t. After your car: your obligations to the circle continue. Every rule is in writing before you commit a rand.
Is this a stokvel?
Yes — the model South Africa already trusts, run the way it deserves: published rules, the money in the circle’s own account, automation instead of admin, and lawful process instead of muscle.
Every driver
should have this.
The circle buys the car.
You drive it home.
R50a month.
Tesha is a membership organisation, not a lender. Membership R50/month, cover included. Circle seats are offered to members, and every rule is published before anyone commits a rand.
Seats go to
members first.
Membership is R50 a month. When a circle opens, the seats are offered to the list in the order people joined — and every rule is published before a cent moves.
