Turning investors into millionaires

The traditional informal savings system, popularly known as Motshelo or cooperatives has become an integral part of life in this country. Because of the capacity that these cooperatives have in handling huge sums of money, some banks have identified a niche in capitalise on the investment opportunity. BusinessWeek’s PAULINE DIKUELO recently attended the annual Women In Business Association (WIBA) Motshelo Tea Party and learnt how this traditional savings method, often regarded as a ‘women’s thing’ has not only transformed lives, but also turned some diligent investors into millionaires