Andrew Lukhele | How City Press contributed to stokvels

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The stokvel movement, formerly disorganised and powerless, is now united and strong, and is hard at work. Photo: Istock
The stokvel movement, formerly disorganised and powerless, is now united and strong, and is hard at work. Photo: Istock

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As City Press celebrates its 40th anniversary, I would like to share how the paper contributed to the development of the country’s stokvel movement.

The first association of stokvels was formally launched on February 14 in 1988 in Diepkloof’s Funda Centre in Soweto. Stokvels – or “stokies”, as they are sometimes referred to in the townships – are more than just moneymaking ventures. Over the years, a whole subculture has formed around them.

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