What is Cooperative Accounting?
The cooperative’s accounting system records and reports the financial results of its business transactions.
Top Cooperative Accounting In South Africa
How many co-operatives are there in South Africa?
There are an estimated 43 062 cooperatives located in South Africa.
How many cooperative banks are there in South Africa?
The Banking Association of South Africa (BASA) told the Portfolio Committee on Small Business Development that there were 41 banks in the country made up of 14 local commercial banks,
13 foreign banks, four foreign-controlled local banks, three mutual banks, and seven cooperative banks.
What is the failure rate of cooperatives in South Africa?
However, the explosion of co-operatives in South Africa has seen a failure rate of about 88 percent and “does not represent a vibrant or coherent co-operative movement”.