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MicroFinance South Africa

Financial Services

The financial services sector in South Africa is a diverse and complex sector that plays a crucial role in the country's economy. The industry includes a range of different institutions and services, including banks, insurance companies, investment firms, and financial regulators.

The financial industry in South Africa is regulated by a number of different bodies, including the Reserve Bank of South Africa (SARB), which is responsible for monetary policy and financial stability, and the Financial Sector Conduct Authority (FSCA), which is responsible for regulating the conduct of financial institutions and protecting consumers.

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South Africa Reserve Bank (SARB)

The primary mandate of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth.

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Financial Sector Conduct Authority (FSCA)

The FSCA was established to be the dedicated market conduct regulator in South Africa's Twin Peaks regulatory model implemented via the Financial Sector Regulation Act. Their mandate includes all financial institutions that provide a financial product and/or a financial service as defined in the Financial Sector Regulation Act.

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Financial Sector Transformation Council (FSTC)

The role of the Tribunal is to adjudicate on: Applications made in terms of the National Credit Act 34 of 2005 by consumers, credit providers, credit bureaux, debt counsellors and the National Credit Regulator.


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Banking Association of South Africa (BASA)

The Banking Association South Africa (BASA) advances the interests of the industry with its regulators, legislators and stakeholders, to make banking sustainable, profitable and better able contribute to the social and economic development and transformation of the country.

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Association for Saving & Investment South Africa (ASISA)

The Association for Savings and Investment South Africa (ASISA) represents the collective interests of the country’s asset managers, collective investment scheme management companies, linked investment service providers, multi-managers and life insurance companies.

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Development Microfinance Association (DMA)

We envision a thriving and inclusive financial sector with a range of developmental institutions that enable access to financial products and related services which improve the livelihoods of women, and poor and vulnerable households.

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