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It was held in the village of Marokolong, Hammanskraal, north of the capital.The men, who refused to be interviewed on record, said they established the Mavuso stokvel to boost each other financially as they were mostly start-up businessmen.
It involves negotiations in which the two agree to a certain fee for spending the night together, preceded by partying or attending social functions together as a couple.
Sunday World paid a visit to the popular stokvel on Monday but its founding members and management denied the gathering was solely to help lusty men find willing partners for a fee.
Those who want B&B it's R250)," a voice announced through the loudspeaker.
The announcer also informed the large crowd of mostly young women and men gathered in the large white marquee of where the next instalment of the popular social gathering was going to be held.
They say the stokvel, held only on Monday nights, helped them raise funds for their respective businesses as the host made profits from selling liquor and food.