Statement 801: The Measurement of the Access to Financial Services Element of Broad-Based Black Economic Empowerment as it relates to members of the Banking Association of South Africa

Introduction

The South African members of the Banking Industry submit and indicate their willingness to abide by the standards, definitions, and key measurement principles as set out in this document as commitment to the delivery on inclusive targets (where specified), to enhance, improve, and grow financial access to that portion of the South African economically active population who were previously excluded for whatever reason.

The targets contained in this document are not aimed to divide the target market but rather to expand the reach of financial services by all participants in the industry, to that portion of the population not actively serviced by current banking services, based on an economic viable model for all participating organisations.

Arrangement of this statement

1. Objectives of this statement

2. The Access Scorecard as it relates to all members of the Banking Association of South Africa

3. The definitions, standards, target markets and key measurement principles of Access