Are stokvels wealth generating tools for communities? Since their inception, this form of collective savings has evolved significantly, accumulating millions in savings for their members. Gugulethu Mfuphi sits down with Tawanda Rumhuma, Executive Head of Savings and Investments at Absa, as well as Luyanda Shosha and Ntokozo Maphumulo, founders of Jan Riches. Together, they explore how this traditional method of savings and investment is now being used as a sustainable wealth creation tool for the long term.
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