Kaya 959 Kaya Biz

SARB to provide most depositors with automatic bank-failure cover

Loading player...
GUEST – Yolanda Vatsha – SARB Chief of Staff

The South African Reserve Bank (SARB) has officially launched the Corporation for Deposit Insurance (CODI) to boost confidence and trust in the financial system. CODI will protect qualifying depositors, including individuals and non-financial businesses in the event of a possible bank failure by providing cover of up to R100 000 per bank. SARB says CODI, which will be its newest subsidiary, will protect nine out of 10 qualifying depositors in the country, though in rand terms this will equate to only about 23% of total deposits.
30 Apr 2024 3PM English South Africa Business News · Investing

Other recent episodes

Tracking South Africa’s Reform Agenda

Econometrix Chief Economist Dr. Azar Jammine breaks down the latest Operation Vulindlela progress report. We explore where reforms are gaining traction—from energy restructuring to freight logistics—and where bottlenecks remain.
28 Apr 3PM 20 min

Is SA’s Construction Sector Turning?

Economist Dr. Roelof Botha analyzes the latest Afrimat Construction Index alongside Operation Vulindlela’s reform dashboard. With construction activity rising for a second quarter, we ask whether reforms in energy, logistics, and water are finally translating into real‑world infrastructure momentum.
28 Apr 3PM 13 min

Making B‑BBEE Work for Growth

NEF General Counsel Karishma Govender joins us to unpack new research on managers’ perceptions of B‑BBEE. We explore why transformation remains essential.
28 Apr 3PM 8 min

Inside the SpendTrend26 Report

Discovery Bank CEO Hylton Kallner joins Kaya Biz to unpack the SpendTrend26 report, revealing how South Africans are becoming more disciplined, more digital, and more value‑driven.
28 Apr 3PM 17 min

Long‑Term Investing in Uncertain Markets

With global conflict, inflation swings, and rapid AI disruption, investors are feeling the pressure. Horacia Naidoo‑McCarthy from Allan Gray explains how to avoid emotional decision‑making, anchor to fundamentals, and maintain long‑term discipline when markets feel unfamiliar and unpredictable.
28 Apr 3PM 12 min
All episodes