Welcome to the Co-operative Financial Institute of South Africa

The Co-operative Financial Institute of South Africa (COFISA) is a company incorporated in the Republic of South Africa whose main responsibility is to develop all kinds of co-operatives.

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Our Mission

To be a highly proficient agency that promotes co-operative development and proper governance reforms to foster the creation and growth of cooperatives as a practical vehicle for promoting self-reliance and harnessing people power towards the attainment of equity, sustainable economic development and social justice.

All about Co-operatives

We develop an individual integrated solution for your business and select a unique set of services for it, combining them with a single strategy and goal

What is a Co-operative

The Co-operative Act no.14 of 2005 describes a co-operative as an Autonomous Association of persons united voluntarily to meet...

Co-operative Principles

Co-operatives in general are based and operate on 7 co-operate principles:
Voluntary Membership...

Reasons for forming Co-operatives

Co-operatives are community enterprises
Co-operatives promote democracy
Co-operatives build open markets...

Forms of Co-operatives

The Act provides for the registration of the following forms of co-operatives:
‘‘primary co-operative’’ which is a co-operative formed by a minimum of five...

Registration of a Co-operative

Before a co-operative can apply for registration, there must at least be one preliminary meeting of interested persons...

Co-operative Banks

According to the Co-operative Banks Act No.40 of 2007 a "co-operative bank" means a co-operative registered as a co-operative bank in terms of this Act whose members...

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Mr Musa Mbingo

Mr Musa Mbingo is the Managing Director of the Co-operative Financial Institute of South Africa (COFISA) Development Agency. He studied co-operative development in different countries including Malaysia where he obtained a certificate in co-operative development, Indonesia and Kenya. He is a graduate of the Graduate School of Business at the University of Cape Town where he studied up to a post Graduate Diploma in Management (PDBA). He also holds a Bachelor of Commerce Degree with majors in accounting and auditing. He has been involved with Savings and Credit Cooperatives (SACCOs) for over 10 years in various capacities which also include being the Chief Executive Officer of the Savings and Credit Co-operative League of South Africa (SACCOL) and also the Swaziland Association of Savings and Credit Co-operative SASCCO. His experiences also include training and facilitation and development of training material. He is currently involved in development of materials for registration with the Bank Seta for accreditation. His other experiences include banking, auditing and financial management.

Shirley Mathabathe

Shirley Mathabathe is the Programmes Co-ordinator and Head of Training and Development for COFISA. She started her career as a social worker having obtained a Bachelor of Arts degree in Social Science from the University of Fort Hare. After obtaining a Diploma in Business Management from Wits Business School, she decided to became a banker and worked for some of the biggest banks in South Africa which include First National Bank and Ned bank. In 2004 she moved into Development work and joined the Savings and Credit Co-operative League of South Africa (SACCOL) as a Development, Training and Compliance Manager. She has over 8 years experience in co-operative development. She also holds a Certificate in Co-operative Management and Development from Strathmore University in Kenya in 2008 and also holds a certificate in Microfinance Management from the University of Pretoria. She is highly involved in the development of training materials for COFISA

Another person if needed...

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