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Learn more about the massive (and growing) stokvel and burial industries

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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