Corporation for Deposit Insurance (CODI) – Provision for protection in event of bank failure in March 2023; Provisions for collecting premiums effective from 1 April 2024
CODI is one of a number of Twin Peaks regulatory reforms introduced after the 2008–09 global financial crisis. It is part of the wider financial sector safety net that includes the Prudential Authority (PA), which supervises financial institutions; the Financial Sector Conduct Authority (FSCA) that ensures that financial institutions treat their customers fairly and transparently;…
read more >>Deepening financial inclusion for individuals – NT to implement strategy in 2024
The objective of financial inclusion for individuals in a country like South Africa is to ensure that all individuals and businesses have access to useful and affordable financial products and services that meet their needs. This includes transactions, payments, savings, credit and insurance, delivered in a responsible and sustainable way. In 2024, an intra-government financial…
read more >>Improved access for SMEs, diversification, innovation, competitiveness
In South Africa, financial inclusion is centred around ensuring that all individuals and businesses have access to useful and affordable financial products and services that meet their needs. This includes transactions, payments, savings, credit and insurance, delivered in a responsible and sustainable way. Assessing the state of financial inclusion in SA and providing principles to…
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