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Was CODI launched too late?

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GUEST - Michael Jordaan, Bank Zero Chair
On 25 April 2024, the South African Reserve Bank (SARB) officially launched the Corporation for Deposit Insurance (CODI), which aims to protect bank depositors and enhance the public’s confidence in South Africa’s banking system. CODI was established as a legal entity, with effect from 24 March 2023 pursuant to the amendments to the Financial Sector Regulation Act, 2017, (FSRA) by the Financial Sector Laws Amendment Act, 2021, and the Minister of Finance’s commencement schedule.

24 Jul 2024 2PM English South Africa Business News · Investing

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