Share this Story: Big banks target South Africa's informal saving clubs' cashBig banks target South Africa's informal saving clubs' cashArticle content JOHANNESBURG — Thandi Mkhabela’s money used to slip through her fingers. Try refreshing your browser, or Big banks target South Africa's informal saving clubs' cash Back to video Mkhabela’s improved financial footing came after she formed a savings club in June 2020 with 16 other women. Advertisement Story continues below This advertisement has not loaded yet, but your article continues below. Advertisement Story continues below This advertisement has not loaded yet, but your article continues below. Article content In Mkhabela’s group, members who don’t repay debts on time are given an extra month, but then risk having goods repossessed.

Source: National Post October 07, 2021 06:00 UTC