South Africas Financial Sector Charter

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South Africas Financial Sector Charter
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Outline
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Introduction

• Access to financial services
• Human resource development
• Procurement from BEE companies
• Enterprise development
• BEE financing
• Ownership in financial sector
• Control in the financial sector
• Shareholder activism
• Corporate Social Investment

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Policy EnvironmentJonathan Dixon

• South Africas dual economy
• Financial sector reform
• Nedlac process
• Role of Government
• Financial Sector Charter

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Donor support and broader context - David Porteous
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Banking the Unbanked - Overview
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Examples of productsBheka Manana - ABSA

• One free deposit per calendar month
• Maximum balance allowed is R15000
• No Bank Charges, save for thresholds.
• First order entry solution for South Africans who
  are unbanked /under serviced
• No EFTS, save for designated ones (e.g.Social
  Grants)

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Examples of productsBheka Manana - ABSA

• Community Banks Linkage Model
• Member based, mobilized and managed
• Started due to exclusion and skepticism of banks
• Third tier of the banking industry - linkage
• Provide savings, on- lend and have funeral policy
  schemes to their own community members
• Currently function under exemption
• Co-operatives Banks Bills under debate
• Objective Integration of two economies

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Commercial Bank Learning Lincoln Mali

• Past learning as a foundation
• E-Bank start, growth and inclusion
• Learning in rest of Africa
• Future plans

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Thank You
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