Norman Axton, the senior general manager of First National Bank, states that stokvels play a vital role in the economy and could powerfully promote economic empowerment. Given their ability to collect very small amounts of money from their often low-income members to help them meet large financ...
(Owner-manager of small medical devices company) 2. The first of the unincorporated entities listed in Table 2.4 operates in Alice, Eastern Cape, which is one of the smallest and poorest provinces; the second entity is located in Johannesburg, Gauteng, which is the wealthiest and largest ...