Co-operative Definition and Registration
What is a Co-operative?
Simply put a Co-operative is a type of business which is formed by people who decide to work together to achieve a certain goal.
Co-op members are entitled to obtain products which the Co-op provides.
There are 4 types of Co-operatives:
(a) Primary Co-operative registration must be made by a minimum of –
(i) Five natural persons
(ii) Two juristic persons
(iii) A combination of any five persons
(b) A Secondary co-operative must be formed by two or more operational primary co-operatives.
(c) A Tertiary co-operative must be formed by two or more operational secondary co-operatives.
(d) A National Apex co-operative must be formed by three operational Tertiary co-operatives that operates on a a national level, and, five operational multi-sectoral Tertiary co-operatives that operated on a provincial, district or local level. An operational Secondary co-operative may join the apex where there is no Sectoral or multi-sectoral Tertiary that can represent the secondary co-ops.