All News and Announcements
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.
This ZAR 60 billion (≈ USD 3.3 billion) investment is expected to contribute significantly to enhancing network resilience, further accelerating Vodacom’s deep rural coverage program to help bridge the digital divide and deepening financial inclusion.
New offering combines electronic cross-border payments and associated documentation on same platform, cutting days off execution of cross-border payments in South Africa.
The program is designed to increase climate lending by participating banks in Egypt, Mexico, the Philippines, and South Africa to 30 percent of their portfolios by 2030.
Amid the global COVID-19 pandemic and 21-day lockdown faced by South Africans, First National Bank has announced additional measures to assist small and medium-sized enterprises battling with funding in the country.