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Financial Sector Overview

 It is bounded to the south by 2,798 kilometres (1,739 mi) of coastline of Southern Africa stretching along the South Atlantic and Indian Oceans; to the north by the neighbouring countries of Namibia, Botswana, and Zimbabwe; and to the east and northeast by Mozambique and Eswatini (Swaziland); and it surrounds the enclaved country of Lesotho.

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.

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At a Glance

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

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Latest News & Events

Jun 24, 2019 | Ecofin Agency
Five African commercial banks will finance the construction of the world’s biggest marine diamond

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