country | South Africa

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FinScope South Africa 2015 Consumer Survey Launch Presentati...

The 2015 FinScope survey shows that in South Africa levels of financial inclusion remain stable at 87% compared to 86% in 2014. About 31.2 million (84%) of adults are formally served, that is they have a bank and other formal non-bank product/services, compared to 80% in 2014. While overall inclusion figures have not changed substantially, […]

FinScope Consumer
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South Africa report on AML/CFT and financial inclusion in SA...

FinMark Trust conducted a study to consider the extent to which the AML/CFT regulations of the SADC countries could be harmonised and calibrated in order to increase financial integration and access to financial services within the region. The study considered the FATF Standards, the ESAAMLG evaluation reports and research, the FATF Guidance note on Financial […]

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Media statement: Xenophobic violence in South Africa and its...

Johannesburg, 22 April 2015. FinMark Trust is concerned with the recent spate of xenophobic violence in South Africa as it is contrary to the very fundamentals of regional integration which is essentially based on the creation of a wider economic space for inclusive growth. As an organisation dealing with financial markets, FinMark Trust has undertaken a […]

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FinMark Trust rolls out newly developed Financial Education ...

Johannesburg, 5 March 2015. Following the launch of the Mauritius Consumer Finscope Survey in November 2014 which identified financial literacy as an issue of concern, FinMark Trust is rolling out its recently developed Financial Education Toolkit as part of its programme on financial literacy in Mauritius from 4-11 March 2015. The beneficiaries of this training are […]

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Lesotho corridor allows remittances at low affordable rates

Johannesburg, 03 March 2015. Remittances from RSA to the SADC region are the most expensive in the world with fees in excess of 22% for remittance value of $200. The value of remittances from South Africa to other countries in the SADC region is large and a substantial portion of these remittances is informal – sent […]

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Microfinance regulatory and policy assessment in SADC –...

The levels of financial inclusion in SADC vary significantly due to the contrasting levels of economic and financial sector development across the fifteen countries. Similarly, microfinance also has varying degrees of penetration. In some countries, microfinance is the primary means of delivering financial services to the masses while in others, which might have a more […]

FinScope
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Media statement – Accelerating inclusive rural and agr...

Accelerating inclusive rural and agricultural financing programme in SADC Towards the implementation of the SADC Regional Agricultural Policy (RAP) Johannesburg, 26 January 2015: FinMark Trust in partnership with SADC is hosting a regional conference on ‘accelerating inclusive rural and agricultural financing programme in SADC’. The conference which is scheduled to take place from 28th-30th January 2015 […]

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FinScope South Africa 2014 survey results

What changed in people’s lives according to FinScope since 2004? A ten year perspective on financial inclusion in South Africa. Johannesburg, 04 November 2014:  FinMark Trust released the results of its FinScope Consumer South Africa 2014 survey results today.  The FinScope Survey, developed by FinMark Trust, is a research tool to assess financial access in […]

FinScope Consumer
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Retailers’ motivation for offering financial services

A number of financial products and services are offered by or through retailers in South Africa. These span the broad financial services spectrum including transactional, savings, insurance and credit products. This research aims to understand retailers’ motivation for providing these financial services more fully. This study aims to build on several previous research projects. In […]

SADC Payments and Remittances
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FinScope South Africa 2014 Brochure

Financial inclusion has gained recognition as one of the main pillars of the development agenda in South Africa and, plays a vital role in the on-going transformation and development of society. In its desire to improve the lives of people, through boosting economic growth, improving economic opportunities and reducing inequalities, the South African government has placed financial inclusion […]

FinScope Consumer
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Credit life insurance in South Africa: the customer’s ...

Credit life insurance is one of the most widely available insurance products to low-income consumers world-wide and is often a low-income consumer?s first encounter with insurance. Therefore the question of whether consumers are getting a fair deal when they purchase it is central to the inclusive insurance debate. This paper analyses the question through the […]

SADC FI
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Regaining momentum – Update on microinsurance in South...

In 2008, the National Treasury published a discussion paper outlining the future of microinsurance regulation in South Africa.  This was followed by a microinsurance policy document published in 2011.  At the time, the intention was to establish a separate Microinsurance Act by 2013, with the key goals of enhancing financial inclusion and expanding regulatory reach […]

SADC FI
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Understanding financial cooperatives in South Africa, Malawi...

FinMark Trust commissioned Genesis to better understand the role and use of co-operative financial institutions (CFIs) as viable alternatives to the commercial banking sector for accessing financial services for lower income individuals in South Africa, Malawi and Swaziland, as well as best practices in the sector. Interpretation of the Terms of Reference Based on the […]

SADC FI
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Assessment of expected Microinsurance Regulatory Impact: The...

On 28 July 2011, the South African National Treasury published a Policy Document[1] outlining detailed proposals for a microinsurance regulatory framework for South Africa. A regulatory roadmap setting out the planned implementation of the regulatory provisions in this regard is expected in early 2014. The proposals in the Policy Document provide a detailed overview of […]

SADC FI
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Challenges and opportunities in promoting savings among low ...

Johannesburg, 26 February 2014: FinMark Trust, in partnership UNCDF, UNDP in Malawi and through the ‘Support to Financial Inclusion in Lesotho’ (SUFIL) recently conducted a study to comprehensively document the savings landscape in Lesotho, Malawi and South Africa. The aim of the study is to understand the challenges and opportunities in promoting savings among low […]