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Personal Finance: New innovative ways of using stokvels

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The People's Fund - A stokvel with over 1000 members who contribute to the success of small black businesses. This stokvel has gone onto fund black-owned bee farms/beekeepers, laundromats & retailers. They are currently looking to fund purchase orders for any businesses who are delivering essential services e.g. Gauteng Dept of Health will spend R4 billion alone on acquiring N95 surgical masks in the next 4 months, this is a massive opportunity for small scale manufacturing businesses that The People's Fund wants to use to empower black businesses.

25 May 2020 12PM English South Africa Business News · Investing Gugulethu Mfuphi

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