Saving clubs or stokvels have been around in many parts of the World, under different names, for many years and they have been instrumental in teaching people how to save. This research sets to investigate the possible use of stokvels as vehicles, channels or conduits for wealth accumulation among migrant population living in the inner city of Johannesburg. Participants’ contributions and the extent this translates into wealth accumulation among members were critically examined. Furthermore, the study explored whether gender plays any role in terms of stokvels membership and the reasons thereof. The hypothesis of this research was that incomes from stokvels contribute to wealth accumulation of migrants in the inner city of Johannesburg. This study used both quantitative and qualitative research methods to address the research questions and gather relevant data. The use of a mixed approach was adopted as it allows a deeper exploration of the different research objectives and questions of the study. Thematic content analysis was used to analyse the data. The findings of this study have revealed that there is a positive relationship between membership to stokvels and wealth accumulation. Moreover, trust and social capital were found to be pivotal in ensuring success of these groups in terms of who should be accepted into the group. However, many other factors, such as the level of education, the length of stay in South Africa and the marital status of participants could have an impact on wealth status of participants.