Tag: stokvel

pyramid scheme
Stokvels under scrutiny

A grocery stokvel has been found to be operating as a pyramid scheme, reigning in more than R42 million in membership fees within two months. Although many South Africans have opted to participate in stokvels as a means of surviving the financial effects of the pandemic,…
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insurance industry
Can new entrepreneurs thrive in the insurance industry?

Generally, insurance is known as a way in which an individual minimizes the risk attached to their exposure to specific perils caused by various harms. The risk can be managed by taking up insurance with an insurance company. Starting up a company is always a challenging…
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