Cash Under the Mattress - the science of the stokvel

The Science Of ...

Cash Under the Mattress - the science of the stokvel

23 February 2016 6:52 PM

I thought I'd done my bit in making wealthy people wealthier, and I thought what attention was being given to the ordinary person who wanted to get from a position where they are not accumulating wealth to one where they are
— Andile Mazwai, National Stokvel Association CEO

We go out there and we take our unit trusts to our people
— Andile Mazwai, National Stokvel Association CEO

Research puts the number of Stokvels in SA at around 800 000 groups with a pool of some 50 billion rand

We have made progress. When I joined the organisation just over two years ago we had 3000 groups that were registered with the National Stokvel Association and we've grown that now to 110 000 groups.
— Andile Mazwai, National Stokvel Association CEO

This article first appeared on 702 : Cash Under the Mattress - the science of the stokvel

Written by: Barbara Friedman

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