Widening the spectrum

Credit risk

A decade after the end of apartheid, South Africa remains a two-tier country economically and in terms of the financial services available to those in the country's 'second economy'. While the better off are served by a group of local and international banks that are as sophisticated as any in the world, half the country's adults are still 'un-banked' – they do not have access to formal savings, loans, payments or other banking services. Now the government wants to change that, with two draft