Stokvel Club To Pay-Off Loans

Loading player...
Thandi Mkhabela's money used to slip through her fingers. Now the 34-year-old mother of four earns interest on monthly savings, has paid off her debts and is planning to extend her house in a township just outside Johannesburg, without ever dealing with a bank. Mkhabela's improved financial footing came after she formed a savings club with 16 other women in June 2020.
7 Oct 2021 1PM English South Africa Business News · Investing

Other recent episodes

Tongaat Hulett: Rescue, Liquidation and the R11.7bn power struggle

Northern KwaZulu-Natal’s agricultural backbone is hanging in the balance as the battle over Tongaat Hulett Limited intensifies. At stake are thousands of direct jobs, tens of thousands of rural livelihoods, and the stability of one of the province’s most important agro-industrial ecosystems. The provisional liquidation application brought by the business…
2 Mar 2PM 29 min

United States and Israeli strikes escalate Iran tensions into a regional crisis

The latest escalation in the Middle East has moved from geopolitical tension to full market risk transmission, with oil prices, currency markets and global growth forecasts now firmly in the crosshairs of investors. With multiple conflict scenarios ranging from contained escalation to prolonged regional war or regime instability, economists are…
2 Mar 2PM 16 min

Careers Coner: Should I stay, or should I leave?

In today’s uncertain economic climate, many professionals are quietly asking themselves one difficult question: Should I stay, or should I leave? With rising living costs, limited job mobility in some sectors, and growing conversations around burnout and toxic work cultures, deciding whether to remain in a role or move on…
2 Mar 2PM 9 min

Middle East conflict and the future of global aviation stability

The escalation of geopolitical tensions in the Middle East has once again exposed the vulnerability of the global aviation system to regional conflict. Major international hubs such as Dubai International Airport and Doha’s Hamad International Airport have been forced to suspend operations, while leading global carriers including Emirates and Qatar…
2 Mar 2PM 13 min