Treasury Publishes Financial Inclusion Policy Framework for South Africa

The National Treasury yesterday published the Financial Inclusion Policy Framework for South Africa, titled “An Inclusive Financial Sector for All” following the endorsement and approval of the policy framework by Cabinet on 8 August 2023. The first draft of the Financial Inclusion Policy Paper was published for public comments in October 2020.

Also being published this week is the Response Document setting out the National Treasury’s responses to the comments received from stakeholders. In 2011, the National Treasury released the policy document “A safer financial sector to serve South Africa better”. The policy provided a comprehensive review of key challenges facing the financial sector and proposed a roadmap to deal with those challenges. Financial inclusion was among the objectives identified as key to building a financial sector that would serve all South Africans.