Riaan Campbell, Advisory Partner, Citadel – 7 April 2021 For more than a decade, Citadel has been paying close attention to trends impacting the development of retirement villages around South Africa. Since the heights of the 2008 property boom, demand for these lifestyle villages has certainly been strong and has continued to accelerate. Supply, too, […]
How South African stokvels manage their lending activities outside the courts
Andrew Hutchison, Associate Professor of Commercial Law, University of Cape Town The South African stokvel sector is massive and controls vast financial resources. It holds an estimated R49.5 billion in member savings and has some 11.6 million participants. A stokvel is a type of informal credit union in which members agree to contribute a fixed […]