The stokvel sector [electronic resource] : opportunities and challenges / Stephanie Townsend & Thabo Mosala.
- [London] : SAGE, 2016.
- SAGE knowledge. Cases.
SAGE Knowledge. Cases.
SAGE knowledge. Cases
1 online resource : illustrations (black and white, and colour).
- Rotating credit associations -- South Africa -- Case studies.
- By 2009, stokvels (community-based savings clubs) were playing a substantial role in the South African economy. A 2003 study entitled 'Stokvels: Making Social Cents', conducted by the University of Cape Town (UCT) Unilever Institute of Strategic Marketing, found that black adults in South Africa invested approximately R12 billion a year in stokvels, burial societies, mogodisanos and saving blocks. The UCT study revealed that, at the time, 2.5 million South African adults (that is 9% of the adult population of the country) - and one in every two black adults - belonged to a stokvel (burial societies excluded). One year earlier, a 2002 survey conducted by Futurefact had reported that there were 3.5 million stokvel members.
- Originally Published in: Townsend, S., & Mosala, T. (2009). The stokvel sector: Opportunities and challenges. WBS-2009-5. Johannesburg: The Case Centre, Wits Business School.
Description based on online resource; title from home page (viewed on May 5, 2016).
- Mosala, Thabo, author.
- 9781473958395 (ebook) :
- Access Restriction:
- Restricted for use by site license.
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