Keeping up the financial inclusion momentum in South Africa

COUNTRY VISIT TO SOUTH AFRICA ON 12 DECEMBER 2011
South Africa has implemented a variety of policy reforms and service innovations with the aim of extending financial services across the country. - Photo credit: Amina Tirana
South Africa has implemented a variety of policy reforms and service innovations with the aim of extending financial services across the country. - Photo credit: Amina Tirana

In meetings with the Deputy Minister of Finance, Governor of the South African Reserve Bank, and the Minister in the Presidency in charge of the National Planning Commission, the UNSGSA commended the progress made on financial inclusion in South Africa and new initiatives such as a baseline study on consumer protection and financial literacy. She encouraged South Africa to address remaining gaps in access to financial services, build on its Financial Services Charter by creating a national coordination platform for financial inclusion, and to join the G20 Financial Inclusion Peer Learning Program.