Stockvel Voices explores the untapped potential of stockvels for future generations
Discover the transformative power of stockvels in South Africa through Busi Skenjana's inaugural book, Stockvel Voices, as she brings to light the economic significance and rich history of these savings co-operatives.
A 68-year-old passionate advocate for community empowerment and financial literacy, and the founder of Stockvel Academy, Busi Skenjana, has officially launched her very first book, Stockvel Voices.
Stockvel Voices ignites conversations about the economic potential and historical significance of stockvels – the South African savings co-operatives that have served as a financial lifeline for many communities.
Read more: What you need to know about Stokvels before joining one
After being actively involved in the stockvel movement for over forty years, Skenjana recognises the importance of documenting the wealth of experiences and insights from those who participate in these unique collective savings systems.
“The inspiration to write this book came from my personal journey within the stockvel movement,” Skenjana said. “I realised that there was a critical need to archive our knowledge and share the values, history, and evolution of stockvels for future generations.
“I aim to emphasise that stockvels are not just social constructs but also vital economic institutions that contribute to financial development.”
The book’s central themes focus on the lessons learned throughout the history of stockvels, their evolution, and the opportunities they present in today’s economy. Skenjana believes it is essential to bring younger generations into the fold to ensure that the rich culture of stockvels continues in the future.
Also read: A guide to creating and managing a successful stokvel
While reflecting on the challenges of writing, Skenjana said: “Time was a significant challenge. It was crucial for me to gather quality information that would truly reflect the voices and experiences of individuals involved in stockvels. I wanted to ensure the stories shared were impactful, not just in quantity but in quality.
“Therefore, this book is not only for stockvel members; it is an essential read for anyone interested in the future of community entrepreneurship.”
Skenjana added that stockvels are not merely about saving; they are about creating a future filled with opportunity, empowerment, and sustainable wealth for our communities.
“With this book, I aim to ignite a new conversation on how we can transform stockvel culture into a powerful catalyst for economic growth, entrepreneurship, and generational prosperity. Stockvel Voices is a call to action for every South African to acknowledge the untapped potential within their communities,” she said.
Adding to the discourse, Makwe Masilela, founder and chief investment officer of Makwe Financial Services, emphasised the untapped potential of stockvels in the financial sector. “There is still a lack of understanding of the significance of stockvels within the financial ecosystem. While we may think we understand, many from the financial sector do not. It’s critical to include stockvels in financial conversations.”
He further highlighted the need for financial institutions to actively engage with stockvels, which are a vital part of the economy, urging industry leaders to develop tailored products that cater to this unique market.
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