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SA Reserve Bank establishes SA's first deposit insurance body: Kuben Naidoo 1 год назад


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SA Reserve Bank establishes SA's first deposit insurance body: Kuben Naidoo

South Africa's central bank has established its first deposit insurance body called the Corporation for Deposits Insurance (CODI). The body is aimed at protecting people's bank deposits, in the event that the bank goes belly up or is unable to honour its commitments to its clients. New legislation is required for CODI to become operational in 2024, and will specify how much cover depositors will get. The legislation is expected to be passed through Parliament this year. Let's talk to the Deputy Governor of the SARB Kuben Naidoo. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

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