National Treasury has recently published a draft policy framework on financial inclusion for public comment. The framework aims to address the need for greater economic inclusion for all the people of South Africa.
CLICK HERE TO READ THE DRAFT POLICY FRAMEWORK
The policy framework is built on three pillars:
- PILLAR ONE – DEEPENING FINANCIAL INCLUSION FOR INDIVIDUALS
- PILLAR TWO – EXTENDING ACCESS TO FINANCIAL SERVICES FOR SMME’s
- PILLAR THREE – LEVERAGING A MORE DIVERSIFIED PROVIDER AND DISTRIBUTION BASE
Developmental priority areas have been identified for each pillar, ranging from access to transaction accounts to leveraging fintech disruptors to promote and support financial inclusion.
Please feel free to contact us for a meaningful discussion on the content of this draft policy document. We are able to assist with developing and/or reviewing and refreshing your Financial Inclusion Strategy. This will align your strategy with changing legislation and more importantly, create a sustainable economic inclusion impact for our country.
Phone: 021 851 0091
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