Savings behaviour in selected poor townships of the Kouga municipal district

Title: Savings behaviour in selected poor townships of the Kouga municipal district
Creator: Baxter, Chad
Subject: Saving and investment -- South Africa
Subject: South Africa -- Economic policy
Date Issued: 2012
Date: 2012
Type: Thesis
Type: Masters
Type: MCom
Identifier: vital:9009
Identifier: http://hdl.handle.net/10948/d1014540
Description: This study considers the nature of savings behaviour amongst low income earners residing in the township areas of Kouga Municipal District. It reflects on the popularity and persistence of informal savings and credit associations, also known as stokvels, in these communities in the face of an increase in the availability of formal savings products. This study argues that despite financial deepening taking place within the South African economy, the popularity and widespread usage of stokvels can largely be attributed to the lack of appropraite formal products available for low income earners. This study does not conclude that the usage of informal savings products results in increased savings behaviours amongst this group, but it does conclude that they provide a suitable mechanism in which savings can take place.
Format: xii, 113 leaves: col. map
Format: pdf
Publisher: Nelson Mandela Metropolitan University
Publisher: Faculty of Business and Economic Sciences
Language: English
Rights: Nelson Mandela Metropolitan University

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