The Savings Schemes Clubs (Stokvels) in South Africa

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The book explores the economic solidarity among African communities in South Africa, particularly through the practice of rotating savings and credit associations (ROSCAs), known locally as stokvels. Originating from the constraints of apartheid, these groups allow members to pool resources, but their preference for large retail outlets over Township Retail Stores (TRSs) highlights a lack of trust in local businesses. The narrative reveals the ongoing challenges faced by TRSs in meeting community needs and the limited benefits they receive from these savings schemes.