The Cooperative Banks Development Agency (CBDA) will be hosting a Financial Cooperatives’ Indaba in Cape Town from 19 – 21 October 2011 with the theme "Enhancing financial inclusion through a vibrant cooperative banking sector in South Africa".
The Indaba takes place ahead of the United Nations’ launch of 2012 as the International Year of Cooperatives. This will raise public awareness of the invaluable contribution that financial cooperative enterprises can make towards financial inclusion.
The Deputy Minister of Finance will address the opening of the conference on 20 October 2011. All media are invited to attend the opening, which will be followed by an opportunity for one-on-one interviews with the Deputy Minister, CBDA Chairperson, and CBDA Managing Director. Most conference sessions will also be open to media.
Details: Date: 20 October 2011
Time: 08:00am (see programme for further details)
Venue: Fountains Hotel, 1 St. Georges Mall, Cape Town
To attend, please send details to Kershia Singh on Kershia.singh@treasury.gov.za or 072 623 4608, by no later than 17 October 2011.
Further information:
The Financial Cooperatives Indaba aims to:
- Build sustainable and compliant cooperative financial institutions
- Familiarise key stakeholders with operations of financial cooperatives and /or cooperative banks
- Review strategies to further the development of the cooperative banking sector in South Africa in 2012 and beyond
- Propose and adopt a unified CFI movement
The Indaba will highlight the role that the financial cooperative sector plays in providing affordable banking services in many communities around the country. Currently, there are over one hundred CFIs serving over one hundred and eighty thousand people throughout South Africa.
About the CBDA
The Cooperative Banks Development Agency aims to promote and advance the social and economic welfare of all South Africans by enhancing access to banking services under sustainable conditions. This is achieved through developing sustainable and responsible cooperative financial institutions, as well as ensuring appropriate regulatory and supervisory oversight over the same. During the two years that the CBDA has been in operation, the sector has grown in terms of total assets (deposits and loans).
