n Personal Finance Newsletter - What financial services can learn from stokvels : comment
|Article Title||What financial services can learn from stokvels : comment|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Nov 2015|
|Pages||15 - 16|
The financial services sector needs to learn from informal savings clubs, such as stokvels, and adopt the benefits they offer, such as easy access, transparency, and simplicity, according to Old Mutual research manager, Lynette Nicholson. Discussing the findings of Old Mutual's tenth Savings and Investment Monitor, Nicholson said that financial services firms could learn from the way in which stokvels are run.
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