Co-operative (SA)
Last updated: 11 August 2021.
A co-operative is an association where the main object is to promote the members' financial interests.
The members promote their financial interests, by participating in the activity of the enterprise either as consumers, suppliers or in any other way.
The return in a co-operative remains in the enterprise, or distributed among the members based on their turnover with the enterprise. None of the members are personally liable for the obligations of the enterprise.