The 2nd Stokvel and Burial Societies Indaba underway in Soweto
592 views · Published 28 September 2016 · 3:42 · Indexed 4 November 2026
Channel: SABC News · 2016 · News & Politics
Stokvels and Burial Societies have to investing their money in relevant products to grow their money. This industry is said to have more than R44 billion circulating within its circles. This was heard at the 2nd Stokvel and Burial Societies Indaba in Soweto. Stokvels and burial societies have been the saving vehicle of choice for many South Africans, particularly in the townships. According to Old Mutual's savings and investment monitor, 42 percent of the working metro households use stokvels as a savings tool. For more news, visit: http://www.sabc.co.za/news
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