23 July 2008 by Cliffe Dekker Hofmeyr

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.

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