Cash Converters as a stokvel investment opportunity

News 2019

While stokvels are known as savings vehicles for end of year expenses such as holiday gifts, spending money, groceries and much more, an article written by Business Insider reveals that at least R44 billion is collectively saved in more than 820 000 individual stokvels in South Africa. On Saturday 16 November 2019, our CEO, Richard Mukheibir, spoke at an event hosted by Old Mutual and supported by BSK Marketing and DTSEA Free State. Mukheibir explained what the Cash Converters business is about – we buy, we sell, and we loan cash to consumers. He discussed some of the benefits of opening a franchise and using this as an investment vehicle in order to grow and maintain a sustainable profit.