Overview Analysis of Policy and Related Measures for the Promotion of Financial Inclusion for the Poor and Low-Income Earners in South Africa

  • Howard Chitimira North-West University
Keywords: financial inclusion; financial exclusion; regulatory policies; low-income earners; financial services


The article discusses some policies and related measures that were adopted to directly or indirectly promote financial inclusion for the poor and low-income earners in South Africa. In this regard, it is prudent to note that most of the poor and low-income earners are still financially excluded from accessing basic financial products and financial services in South Africa. Owing to this, policies and measures such as the Reconstruction and Development Programme (RDP), the Broad-Based Black Economic Empowerment policy (BBEE), the Financial Services Charter (FSC), the mobile banking and Internet banking are discussed. This is done to investigate whether such measures are adequate enough and consistently enforced by the relevant enforcement authorities to promote financial inclusion for the poor and low-income earners in South Africa. Thereafter, possible recommendations to curb financial exclusion of the poor and low-income earners in South Africa are provided.

Author Biography

Howard Chitimira, North-West University

Associate Professor, Faculty of Law


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