insights | Reports

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Challenges & Opportunities for Health Finance in South ...

Pre-funded healthcare in South Africa, as the principle vehicle for access to private healthcare, is inaccessible to the bulk of the population. This study unpacks some of the regulatory and supply side reasons that drive affordability challenges from the perspective of the low income consumer, with a view to stimulate debate on the necessary conditions […]

SADC FI
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Agricultural Subsidies in SADC Countries

FinMark Trust has commissioned this research as part of its broader mandate to improve financial inclusion of the poor. In this case, given the significance of the agricultural sector in most Southern African Development Community (SADC) countries, the stated purpose has been to assist SADC and SADC states to make informed decisions regarding the payment […]

FinScope
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Botswana MAP Synthesis 2015 report

This Diagnostic report presents a comprehensive analysis of the financial inclusion environment in Botswana as part of the Making Access Possible (MAP) Botswana initiative. MAP will be used to inform the Botswana government’s approach to financial inclusion. In 2014, the Ministry of Finance formally requested FinMark Trust’s support for its ongoing financial inclusion agenda. It […]

SADC Consumer MAP
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Bostwana MAP Roadmap 2014-2020 report

This roadmap document is produced as part of a series of documents in the Making Access Possible (MAP) Botswana initiative. Preparation for MAP Botswana was announced by the Minister of Finance and Development Planning in the February 2015 Budget Speech, and a Steering Committee consisting of government, private sector, and civil society representatives set up […]

SADC Consumer MAP
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Botswana MAP Diagnostic 2015 report

This report summarises the findings of the MAP Botswana diagnostic, a comprehensive study of the scope for financial inclusion in Botswana across four product markets: credit, payments, savings and insurance. MAP Botswana was requested by the Government of Botswana as input towards the development of a financial inclusion strategy for Botswana. The Ministry of Finance […]

SADC Consumer MAP
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Cutting Corners at a Most Vulnerable Time

With the details of the South African micro insurance regulatory framework soon to be finalised, questions still remain as to how best to approach formalisation and enforcement of informal funeral parlours. Previous research showed that enforcement will not be an easy task, as it is a fragmented industry where informal insurance is key to many […]

FinScope
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Malawi MAP Diagnostic 2015 Report

Making Access Possible (MAP) is an evidence based multi-country initiative to support financial inclusion, conducted by the United Nations Capital Development Fund (UNCDF), FinMark Trust and the Centre for Financial Regulation and Inclusion (Cenfri), in consultation with the Ministry of Finance-led MAP Malawi Steering committee. The MAP diagnostic informs a roadmap that provides detailed and […]

Deepening Financial Inclusion
SADC Consumer MAP
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SADC Financial Inclusion Strategy Workshop Report

FinMark Trust, in collaboration with the SADC Secretariat hosted a SADC financial inclusion strategy workshop in February 2016. The workshop which was represented by 14 countries was the result of the Report on Financial Inclusion (FI), where the Ministers of Finance and Investment directed the SADC Secretariat to partner with FinMark Trust to develop a […]

SADC FI Strategy
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Consumer protection in SADC

Worldwide, countries have been increasing their efforts to expand the financial services sector, particularly to low income consumers. However, increasing access to financial services also increases the risk of loss and exploitation on the part of the consumer. In order to minimise these risks and protect consumers, and to ensure that FSPs act in an […]

SADC FI
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An Excluded Society? Financial Inclusion in SADC through the...

This book titled “An Excluded Society? Financial Inclusion in SADC through the FinScope Lenses” provides an in-depth analysis of the current state of financial inclusion in the twelve Southern African Development Community (SADC) states. It contains informative and diverse reviews from industry experts on the challenges and opportunities that regulators and the private sector ought […]

FinScope
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Financial Access & SME Size in South Africa

This occasional research paper utilized data from the FinScope Small Business Survey South Africa 2010 covering 5,667 small businesses. An econometric model was developed to estimate the effect of access to credit on firm size. A model for sole proprietorships including licensed businesses was separately estimated from the one for close corporations due to the […]

FinScope MSME
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2015 Annual Report

As more evidence is emerging on the positive link between financial inclusion and improved livelihoods of the poor, more countries around the world have embarked on financial inclusion strategies to improve access to and usage of financial services and products. The ultimate aim is to unlock the economic and social potential of the unbanked population […]

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FinScope Mozambique consumer survey 2014

FinScope Mozambique 2014 is the second national financial inclusion survey, following that of 2009, in which a representational cross-section of adult Mozambicans have been interviewed comprehensively about their financial behaviour, familiarity with financial terminology and their use of financial services. A total of 3928 households were covered by the survey from which one person from […]

FinScope Consumer
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Financial Inclusion and AML/CFT in SADC – focus note 1

In this focus note, considerations that are relevant in determining whether and how AML/CFT regulatory requirements in the participating countries are a financial inclusion constraint or not are discussed. Various studies that have been carried out indicate that AML/CFT legislation, implemented in response to the FATF Recommendations, has resulted in a conservative approach to compliance […]

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Risk-based approaches to AML / CFT – focus note 2

The risk-based approaches that are applied by countries and institutions are now shaped by the specifications set out in FATF Recommendation 1 and related interpretive note, which provide a platform for countries to develop regulatory and supervisory frameworks that allow flexibility to achieve financial integrity objectives while at the same time providing the room to […]

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AML / CFT due diligence and related matters – focus no...

Various FATF Recommendations are considered in order to provide the context for the analysis set out below, specifically in respect of the following: Customer due diligence (CDD) (Recommendation 10), record keeping requirements (Recommendation 11), wire transfers (Recommendation 16), reliance on third parties (Recommendation 17), internal controls (Recommendation 18), reporting requirements for suspicious transactions (Recommendation 20) […]

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Mobile services / technology – AML/CFT in SADC –...

Various FATF Recommendations are considered in order to provide the context for the analysis set out below, specifically in respect of the following: money or value transfer services (Recommendation 14), new technologies (Recommendation 15) and wire transfers (Recommendation 16). It is recognised that new technology opportunities and mobile services offer solutions that will, to a […]

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Harmonisation of regulatory frameworks in the SADC region &#...

The FinMark Trust review of the AML/CFT requirements in SADC countries concentrated on compliance with FATF Recommendations, i.e. with a view to identifying opportunities to harmonise requirements across jurisdictions in relation to the FATF standards. The development of a generic understanding of AML/CFT challenges in SADC countries is addressed in this focus note and it […]

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Anti-Money laundering and CFT in SADC countries

FinMark Trust commissioned and funded the development of the focus notes contained in this report in order to highlight key considerations relating to anti-money laundering (AML) and combating the financing of terrorism (CFT) in 13 Southern African Development Community (SADC) countries. This was undertaken in light of findings from a detailed review of the regulatory […]