Stokvel integral part of economic mainstream

2016-11-24 06:02
=Munir Jeeva, CEO of Afri-Save Cash and Carry joined by Nelson Mandela Bay deputy mayor Mongameli Bobani (right) at the fifth annual Afri-Save Stokvel Day in Uitenhage.                          Photo: SUPPLIED

=Munir Jeeva, CEO of Afri-Save Cash and Carry joined by Nelson Mandela Bay deputy mayor Mongameli Bobani (right) at the fifth annual Afri-Save Stokvel Day in Uitenhage. Photo: SUPPLIED

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Afri-Save Cash and Carry hosted more than 1 400 stokvel members from Nelson Mandela Bay, at its fifth annual Stokvel Day event, themed the Big Five in Uitenhage.

The Afri-Save Stokvel Day aimed to uplift, empower and acknowledge the importance of the stokvel community. Guest speakers included Nelson Mandela Bay deputy mayor Mongameli Bobani.

The National Stokvel Association of SA (Nasasa) revealed that collectively the stokvel economy is an estimated R49 billion in South Africa. Nationally there are more than 11,5m individual stokvel members, belonging to over 811 000 groups.

“Stokvels are growing in popularity and these businesses run on a daily basis in South Africa and form an integral part of the economic mainstream. We established our Afri-Save Stokvel Day five years ago and this is growing annually,” said Munir Jeeva, CEO of Afri-Save Cash and Carry.

The Afri-Save Stokvel team which provides an administrative service, networks with stokvel members to determine their needs, and then assists by meeting these needs.

“The Afri-Save Stokvel team identified what these stokvel members needed and we have then themed the event around these needs, the Big Five. We then offered these five items for free to all the stokvel members. These were free transport to and from the event; free breakfast; free lunch; and free gift bags.”

According to Stokvel member Asanda Siphokazi, “I am really happy they offered the free transport to and from the Stokvel day. This helped when I bought purchases and needed to go home after the event.”

The day also included a tour of the store, showcasing Afri-Save’s variety of products of well over 30 000 line items ranging from groceries, cosmetics, hardware, plastic ware, perishable items and the fully fledged Afri-Save Butchery where a specialized Butchery Stokvel hamper of meats was showcased highlighting the best quality and pricing.

(-Heilie Combrinck)

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
PARTNER CONTENT
INFOGRAPHIC: New thinking required for retirement

Everything we believe about retirement is fast becoming outdated.

/Sport

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.