The Money Show’s Bruce Whitfield interviewed Tembisa Mapukata, General Manager for the Foundation Business at Old Mutual.
Whitfield and Mapukata discussed the stokvel and burial industries.
Scroll down for quotes from the audio below.
The size of the stokvel market is up to R50 billion.— Tembisa Mapukata
The burial industry is worth up to R15 billion.— Tembisa Mapukata
Some stokvels own land.— Tembisa Mapukata
The stokvel industry is driven largely by short-term investments and consumerism.— Tembisa Mapukata
The stokvel market is not creating wealth for its members.— Tembisa Mapukata
Old Mutual is creating solutions that are relevant for stokvels.— Tembisa Mapukata
We’ll gain consumers’ trust by listening to them.— Tembisa Mapukata
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