It is important that you select 3 to 4 members to sign for this scheme account. You will notice that by law this is the requirement when opening the Society Scheme Account with the bank. This has nothing to do with your society rules and regulations as you can change the designators at anytime if you wish to do so.
Please follow the provided link to know more about this: http://www.standardbank.co.za/standardbankMobile/personal/Banking/Savings-and-investments/Society-Schemes
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