Case study

Trade Unions and Financial Inclusion: The Case of South Africa

Investigating the role of trade unions in shaping financial access policies
Download 50 pages

This report investigates the role of trade unions in the development of the financial system in South Africa (SA).

South African trade unions have a strong presence in consultations on political, economic and social issues. The country has a modern, competitive and international market-oriented banking sector that operates alongside a large informal financial sector. The study reveals that:

  • Trade unions have actively participated and contributed to financial system development in SA;
  • Trade unions have successfully used the National Economic Development and Labour Council (NEDLAC) as a platform to defend their interests;
  • Trade unions have raised awareness in the banking industry on the importance of an efficient and accessible financial system;
  • NEDLAC has operated as a tool for dialogue and negotiation between trade unions, employers, government and civil society.

The paper states that trade union interventions might not have been as successful in the absence of a platform like NEDLAC. Hence any replication of the South African model would require a platform for consultations, such as economic and social councils.

About this Publication

By Ludwig, L.
Published