Will peace reign this motshelo season?

Motshelo members often battle over the rationing of pooled savings
Motshelo members often battle over the rationing of pooled savings

The popular joke about metshelo on social media now is about the rat that ate the book. “Peba e jele buka,” is the finger shady motshelo treasurers are hiding behind when members demand their dividends.

The book is the record of contributions, loans out and repayments in, carefully kept through the year and prepared for this very moment – the sharing of the dividends when members find out how much their contributions have earned for them.

However, 2015 was not a normal year and many treasurers are finding themselves in a bind.  The absence of a significant wage increase, coupled with the cumulative effect of inflation from previous years as well as the slow down in bank credit, has meant trouble for many financial metshelo.

Editor's Comment
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