The economic contribution factors of stokvels in the local economy of eThekwini Municipality

Mduduzi Justice Kennedy Bophela () and Njabulo Khumalo ()
Additional contact information
Mduduzi Justice Kennedy Bophela: Mazinga Capital Investment
Njabulo Khumalo: Durban University of Technology

Technium Social Sciences Journal, 2022, vol. 29, issue 1, 343-352

Abstract: The absence marginalisation and lack of recognition of the role of stokvels in the official economic plans and policies of the municipality was therefore the problem that this paper sought to explore. Simple random method was adopted on 395 stokvel group's members who were administered with a questionnaire and the purposive sampling method on 6 MC members of eThekwini Municipality that participated in the interviews. The qualitative data was analysed using N-VIVO (version 11.0). The quantitative data was analysed using inferential and descriptive statistics. Money saving & investment, job creation and promoting business opportunities are the most prevalent of the economic contribution factors of stokvels. EM needs to pioneer the amendment of the current policy inclusive of the informal economy.

Keywords: Stokvels; ROSCAs; Economic Transformation; Informality; Inclusive Economy; Policy Framework (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://techniumscience.com/index.php/socialsciences/article/view/5815 (application/pdf)
https://techniumscience.com/index.php/socialsciences/article/view/5815/2152 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tec:journl:v:29:y:2022:i:1:p:343-352

DOI: 10.47577/tssj.v29i1.5815

Access Statistics for this article

Technium Social Sciences Journal is currently edited by Tasente Tanase

More articles in Technium Social Sciences Journal from Technium Science
Bibliographic data for series maintained by Tasente Tanase ( this e-mail address is bad, please contact ).