A Brief Look at Stokvel, Taxi Association & Black Tax.
Stokvels, Burial Societies and Black Tax in the South African context all have one purpose upliftment. Self-help organizations that are community driven and designed for a deprived class of citizens previously excluded from economically participation. They developed and adapted the informal financial structures to overcome the inaccessibility of formal structures of apartheid. The origin of stokvel comes from the English settlers performing cattle auctions called stock fairs in the Eastern Cape during the early 1900s. The mutual financial assistance pooling clubs also known as stokvels, stokies, estokini, gegoois, gooi-goois, doodsgenootskap, burial society, mahodisana, mogodiso or kuholisana. Clan Commonwealth Financial structures like black Tax and stokvels have been in existence for thousands of years under different names in different languages like in Botswana: Poor members of the community were assisted by more affluent members through systems such as Mafisa (a financial sch...