Stokvels
Subtitle: how they can make your money work for you
By: Palesa Lengolo
Publisher: Penguin Books
Published: 2019
Place of publication: Century City, Cape Town
Language: eng
Number of pages: 155
ISBN-13: 9781776094554; 9781776094561
Copyright date: 2019
Subjects: Rotating credit associations; Fraternal organizations
Description: "The South African economy has a secret weapon: stokvels. If harnessed correctly, investments in stokvels could significantly bolster the economy. The following statistics, provided by the National Stokvel Association of South Africa, are mind-blowing: at present there are 11.4 million South Africans who are members of stokvels; around R44 billion is pooled collectively by ordinary people in stokvels; and it is saved by 820 000 stokvels. A lot of ideas have been put forward on how these monies can be utilised by stokvels, but it is not really clear how these can be practically applied."--Publisher's description.
Notes: Includes bibliographical references.
Table of contents: title: An introduction to stokvels; title: The impact of stokvels in rural areas; title: My stokvel experience; title: The operations and structure of stokvels; title: Potential opportunities within the stokvel fraternity; title: Financial products and stokvels; title: The role of stokvels in improving peoples lives; title: Financial education and chllenges within stokvels; title: Stokvels of the future; title: An open letter to stokvel members.