Tag: financial systems

Is there room for Stokvels in the era of digital banking?

It has become one of the most popular financial systems in South Africa with about 11 million people using it. Stokvels started as a town tradition for those excluded from the formal financial systems and is gradually making its way as a financial vehicle to many in South Africa. National Stokvel Association of South Africa CEO, Mizi Mtshali joins CNBC Africa for more.