South African finance charter is welcomed by the industry

The South African financial industry has released a charter that provides poor households and communities with improved access to financial services as well as increasing the ownership of black-owned business in the sector. The Financial Services Charter outlines a transformation framework for the insurance and banking industry, covering areas such as improving access to financial services, and financing for infrastructure, small businesses and low-cost housing. It provides for increased access to financial services for poor households and communities, and aims to direct billions of r...