Cooperative banking
Cooperative Banking Promotion & Advancement
SEDFA promotes co-operative banking as a member-owned savings and credit channel, helping expand access to finance for communities and small enterprises across South Africa.
Opens the Old SMME Portal sign-in page.
Promotion & awareness
Promotion & awareness
Cooperative Banking Promotion & Advancement (CBPA) will embark on awareness campaigns through digital platforms, media campaigns profiling and local events partnering with ecosystem partners. The cooperative banking model promotion and awareness campaigns across the country will, in the main, focus on the piloted districts within the District Development Model, especially where no CBIs exist.
Pre-registration support
Pre-registration support
The objective of this service offering is to provide training, mentorship and coaching to prospective CBIs on the cooperative banking model, the legislative and regulatory environment that governs Cooperative Banking Institutions (CBIs), until the stage where they submit the application to the South African Reserve Bank's Prudential Authority (PA).
Modules
Pre-registration modules
- Cooperative Banking Model
- Model Constitution
- Legislative & Regulatory Environment
- Policies Required for Registration
- Business Plan / Financial Modelling
- Introduction to Basic Banking Fundamentals
- Registration Pack
Requirements
PA registration requirements
Prospective CBIs must meet the minimum registration requirements:
- 200 members
- Share capital of one hundred thousand rand (R100 000)
- A clearly defined common bond (geographic, employer-based or associational)
- For the registration of a Cooperative Bank, a minimum of R5 million in deposits
Downloads
CBPA resources
How to apply
Request an information session
Request an information session, or email the Cooperative Banking Promotion & Advancement team at cbpa@sedfa.org.za.