Money and violence : financial self-help groups in a South African township

Leiden Repository

Money and violence : financial self-help groups in a South African township

Type: Book (monograph)
Title: Money and violence : financial self-help groups in a South African township
Author: Bähre,Erik
Pages: X, 192
Publisher: Brill, Leiden [etc.]
Issue Date: 2007
Keywords: South Africa; self-help associations; Xhosa; migrants; dissertations (form)
Abstract: This ethnography is about the way in which Xhosa migrants in the townships of Cape Town, South Africa, collectively manage their money in financial self-help groups, also known as financial mutuals. This is an umbrella term for a myriad of collective financial arrangements that are mostly informal. In South Africa they are known locally as 'umgalelo', stokvel, savings, gooi-gooi, throw-throw, back-to-school, 'umasingcwabane', 'umasiphekisane' and 'umasingcedane' and include burial societies, rotating savings and credit associations (ROSCA), and accumulating savings and credit associations (ASCRA). Financial mutuals are islands of hope for Xhosa migrants surrounded by insecurity, unemployment, murder, rape and social conflict. Migrants have de-politicized their financial mutuals and created a place where they can feel secure and trusted and where money is in their control. Particularly women have created these de-politicized social spaces. Based on fieldwork in Indawo Yoxolo, the author explores the nexus of money and social interdependencies within an extremely threatening context, discussing anxiety among members of financial mutuals, the fragility of solidarity and trust, as well as the emergence of conflicts with kin, household members, and neighbours, over desperately needed money, and its consumption. [ASC Leiden abstract]
Series/Report no.: Afrika-Studiecentrum series, ISSN 1570-9310 ; vol. 8
ISBN: 90-04-15726-3
Other Identifiers: oai:ascleiden.nl:075287668:272
Handle: http://hdl.handle.net/1887/14744
 

Files in this item

Description Size View
application/pdf Erik Bähre Money and Violence.pdf 3.022Mb View/Open

This item appears in the following Collection(s)