More than 1 700 people invested their savings in a scheme they now believe was fraudulent, writes Sarah Evans.
Local jazz musician, Simphiwe Dana, has set up an alternative funding mechanism for black schools.
Where to put stokvel savings.
With about 800 000 active stokvels in South Africa, it appears informal savings clubs are thriving.
Fano Ephraim Mtshali hasn't held a steady job since 1998 and claws out a living for his two children and his eight orphaned nieces and nephews.