By Liziwe Ndalana
Cape Town – Stokvels are still an immensely popular way of saving for many South Africans, but the new trend is to put money away for investment and creating wealth rather than saving up for funerals and groceries.
“Stokvels are no longer the domain of people in need of a collective pot for burials and groceries but provide a way to learn about and jointly invest money with the aim of creating wealth and security for its members,” states an African Response group report published in Finweek.
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