TRANSFORMATION
Postbank holds the key to greater and wider financial inclusion in SA
With its extensive network across all areas, the state-run bank could target rural residents and the urban poor
The fifth ANC national policy conference in June coincided with the celebration of the 62nd anniversary of the Freedom Charter. The charter enjoins us to strive for a country in which all South Africans share opportunities, including participation in the economy. "The people shall share in the country’s wealth," it states. The conference was a fitting occasion to reflect on the progress we have made and the challenges that lie ahead. The government has made great strides in improving the quality of life for many South Africans since 1994. But more work needs to be done to secure these gains and ensure all South Africans, especially those in rural areas and the urban poor, form part of the economic mainstream. The discourse on financial inclusion takes place at a time when we are discussing and implementing strategies to promote digital inclusion. The two issues go hand in hand and constitute the twin priorities of the ANC and the ANC-led government. This calls upon us to move with t...
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