With slow economic
growth and increasing unemployment in South Africa, more and more South
Africans are relying on informal mechanisms to create wealth and access to
To better understand these mechanisms, the FinMark Trust partnered with
SaveAct to perform a qualitative study on the long-term impact of participation
in these informal savings groups and stokvels. The research has shown
significant improvements in how savings group members take financial decisions
and use their money, as well as in their financial stability and household
This forum further unpacks
the results of the research study and the role of savings arrangements
in financial inclusion. FinScope (2017) shows a proliferation of informal financial services, including stokvels, in South Africa.
A light buffet will be served after the event
Want to attend but can't afford to? Email firstname.lastname@example.org for one of the limited free seats available.
Please note that GIBS forums are recorded for City Press and BDTV and for further distribution to the GIBS database