He defines it as “a type of credit union in which a group of individuals enter into an informal agreement to contribute a fixed amount of money to a common pool weekly, fortnightly or monthly. This is an old definition, which suggests that in the early years of stokvels, women – particularly wives and the elderly – were behind pioneering the stokvel sub-culture in black communities.Ī relatively current definition can be found in Tsotsitaal: A Dictionary of the Language of Sophiatown (2003) by sociologist, Louis Molamu. These rotating savings schemes have been the lifeblood of many social occasions such as birthday parties, weddings and funerals for decades.Īccording to the South African Pocket Oxford Dictionary (1991), “a stokvel is a women’s entertainment club or syndicate pooling of funds and mutual aid ”. ![]() They are as South African as braai, biltong and bobotie. ![]() Stokvels are a typical feature of township life.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |