Appeals Board Decision to grant NACFISA accreditation to represent the cooperative banking sector. The National Associational of Co-operative Financial Institutions of South Africa (NACFISA) warmly welcome the decision of the Appeals Board of the Cooperative Banks and it is pleased that its appeal against the Cooperative Banks Development Agency (CBDA) on the matter of accreditation of NACFISA as the representative
Drivers, inhibitors and the future of co-operative financial institutions: A Delphi study on South African perspective. Click Here for more Information
Regulatory proposals on payroll deductions In recent years, the South African Reserve Bank (SARB) has become aware of an escalation in the number of entities offering payroll deduction services. These services are offered with prior agreement between employers and employees and, in certain instances, are requested or initiated by financial institutions, including financial intermediaries. Click here to read more about
CBDA – STATEMENT TO REGISTERED CFIs It is in the public domain that the South African Social Security Agency (SASSA) is considering expanding its payment channels for the distribution of Social Grants. In that regard, SASSA is considering utilising Co-operative Financial Institutions (CFIs) (the term CFI includes Co-operative Banks) as payment channels for social grants Click here for more information
NACFISA is targeting a maximum group of 20 individuals from the below mentioned SACCOs and/or CFIs around Gauteng province. TIRISANOMMOHO CFI AFRICAN SHEPERDS PRIMARY CO-OPERATIVE EYAKWETHU CFI CENT-CENT SACCO MILITARY GROUP It is very important to note that we have a limited space and that individuals from the above mentioned organisation will have to confirm their availability before the end
Members are invited to join our discussion on designing a Deposit Insurance Scheme for South African Co-operatives and CFIs.