South African banks and the unbanked: Progress and prospects

Simple item page
dc.contributor.authorSchoombee A.
dc.date.accessioned2011-05-15T15:57:42Z
dc.date.available2011-05-15T15:57:42Z
dc.date.issued2004
dc.description.abstractCommercial Banks Traditionally do not serve low-income earners, micro-entrepreneurs and the poor (collectively referred to as the unbanked), chiefly because the high costs involved make it unattractive. The big four of South African banking, who between them have a market share in excess of 80 percent (South African Reserve Bank, 2002:4), are no exception in this regard. It is only since the early 1990s that they have given serious thought to entering this market segment, in no small way influenced by the changes in the local political landscape. The new government and its supporters claimed that the big four had backed the racebased policies of the previous regime, demonstrated by their unwillingness to serve, in general, the black community. These banks have been pressurised into rectifying this situation. The emphasis has been on opening up access to their lending facilities in the belief that they have the funding available to meet the pent-up demand for financing in the black community.
dc.description.versionArticle
dc.identifier.citationSouth African Journal of Economics
dc.identifier.citation72
dc.identifier.citation3
dc.identifier.issn382280
dc.identifier.urihttp://hdl.handle.net/10019.1/10550
dc.subjectbanking
dc.subjectfinancial provision
dc.subjectfinancial services
dc.subjectlow income population
dc.subjectAfrica
dc.subjectEastern Hemisphere
dc.subjectSouth Africa
dc.subjectSouthern Africa
dc.subjectSub-Saharan Africa
dc.subjectWorld
dc.titleSouth African banks and the unbanked: Progress and prospects
dc.typeArticle
Files
Collections
Stellenbosch University - Scopus Publications