155pp., paperback, Cape Town, 2019
A stokvel is an informal savings or investment society to which members regularly contribute an agreed amount and from which they receive a lump sum payment
Finance professional Palesa Lengolo writes on basic financial principles and how to make sound financial decisions. Includes information on how stokvels emerged and how they have evolved; how to set up and run a stokvel; the opportunities stokvels provide, and how financial institutions, retailers, corporates and businesses that deal with stockvels can leverage their purchasing power.
"Stokvels are on the move: moving from villages to cities, from mattresses into savings accounts and investment instruments. And as they move, they evolve and their potential for growth and their ability to create wealth increases." Ntombi Tisani, head of marketing at Old Mutual Personal Finance, in City Press