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South Africa: Draft Deposit Insurance Regulations

The Minister of Finance, in terms of the Financial Sector Regulation Act, 2017 (FSRA), published the draft Deposit Insurance Regulations on 4 July 2023 (Draft Regulations), accompanied by a statement of need, and a notice inviting writte..

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Werksmans Attorneys

The South African Reserve Bank announces South Africa’s first Deposit Insurance Body

The South African Reserve Bank (SARB) announced the establishment of the Corporation for Deposit Insurance (CODI) – the first bank deposit insurance body in South Africa – in its media statement dated 3 April 2023 (Media Statement).

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