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Financial Sector Overview

South Africa is the largest country in Southern Africa and the 25th-largest country in the world by land area and, with over 57 million people, is the world's 24th-most populous nation. It is the southernmost country on the mainland of the Old World or the Eastern Hemisphere. About 80 percent of South Africans are of Sub-Saharan African ancestry, divided among a variety of ethnic groups speaking different African languages, nine of which have official status. The remaining population consists of Africa's largest communities of European (White), Asian (Indian), and multiracial (Coloured) ancestry.

Source

At a Glance

At a Glance Source
Population in thousands (2017): 56,717.16
GDP per capita (current US$) 2017 - World Average 10,721.61: 6,151.08
Account (%) age 15+) - (2014 vs 2017): 70% | 69%
Agriculture Orientation Index - Credit ( Agriculture, Forestry and Fisheries share of GDP) (2015 vs 2016): n/a
Financial Inclusion Strategies: SADC Financial Inclusion Strategy 2016-2021
Domestic credit provided by financial sector (% of GDP) 2017: 180.54
Made or received digital payments in the past year (% age 15+) (2014 vs 2017): 59% | 60%
Remittances % of GDP for 2017: 0.002
Mortgage Interest Rate / Mortgage Term (years): 10% | 20

Donor Projects Database

Projects

Latest News & Events

Aug 19, 2019 | All Africa
President Cyril Ramaphosa has signed the National Credit Amendment Bill into law.
04
Nov
Nov 04, 2019
Durban, South Africa
Dear Delegate, Join us for the 2019 Afreximbank Trade Finance Seminar and Factoring Workshop. This exclusive training and networking gathering of…

Latest Publications

Feb 04, 2019 | Financial Stability Board (FSB) | FSB
Nov 23, 2018 | Global Financial Integrity | Global Financial Integrity
Aug 31, 2018 | FinMark Trust | FinMark Trust
Jul 31, 2018 | FinMark Trust | FinMark Trust
Jul 13, 2017 | J. Irving, J. Schellhase, J. Woodsome | Milken Institute
Jun 14, 2017 | M. Mela, M. Hajat, K. Mogadime | FinMark Trust