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Summary of the Provision of the Co-operative Banks Act

Cliffe Dekker Hofmeyr's Finance, Projects and Banking practice, having identified the potential impact that the Act will have on the financial services sector, have been closely monitoring the Act and its progression through the legislative process so as to ensure that we are well-equipped to attend to our client's needs.

The Act aims to promote the establishment and development of sustainable and responsible co-operative banks, thereby promoting access to financial services for people who have no access to formal banking services. The document is available for download here.

Key contacts

Owen Barrow Owen Barrow
Director, Finance, Projects and Banking
+27 (0)21 481 6327
Cape Town (Buitengracht Street)

Deon Govender Deon Govender
Director, Finance, Projects and Banking
+27 (0)11 290 7123
Johannesburg (Protea Place)

 

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