Millions of South Africans exchange billions of rands annually but disputes involving these transactions hardly ever appear before the country’s courts.
Unity for the wrong reasons reduces social cooperation to whatever happens to benefit a particular person or group, making it a zero-sum game.
South African commercial law courses do not address the question of what norms and procedures govern business relations in indigenous African communities.
Governments in sub-Saharan Africa should encourage the formation of cooperative thrift and credit societies to boost the development of micro enterprises.
A strong case needs to be made for the survival of community-based financial organisations. While not perfect, the sense of ownership is high.