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stokvel
(redirected from stokvels)

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stokvel [ˈstɒkˌfɛl]
n
(Economics, Accounting & Finance / Banking & Finance) South African a savings pool or syndicate, usually among Black people, in which funds are combined for mutual support or entertainment
[of uncertain origin]
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Participants in the invitations will be black people and black groups, including partnerships, trusts and un-incorporated groups such as stokvels (community savings schemes).
Sasol BEE deal shuns 'fat cats': taking a cue from De Beers diamond ... by Nevin, Tom / African Business
For more than a century, black South Africans shut out of formal financial establishments, organised their own 'banks' called Stokvels.
A bank for the 'unbankable'? Millions of South Africans at the bottom ... by Nevin, Tom / African Business
A consortium, made up of black churches, pension and provident funds, trade unions, sporting bodies, business organisations, stokvels (traditional African banking associations) and the International Finance Corporation negotiated for two years before the deal was struck.
Two roads, one goal by Versi, Anver / African Business
 
 
 
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