According to Thundafund.com, South African band Fokofpolisiekar broke a local record in rewards-based crowdfunding.
The band doubled their original campaign goal of R500 000 in less than nine days.
Their goal was to raise the money to fund the independent release of their first album in eleven years.
Music expert Sean Brokenshaw spoke to Stephen Grootes about the concept of crowdfunding and its impact.
The concept is not new at all, in a society where pure capitalism starts to fail, people still want culture in a different way, maybe in a way of sharing and adapting, it works.— Sean Brokenshaw, music expert
Click on the link below to listen to the full interview...
This article first appeared on 702 : Rock band Fokofpolisiekar crowdfunding campaign hits R1 million mark