Mzanzi accounts working for banks

Development organisation FinScope’s research shows that between 2004 and 2008 the number of banked adults increased from 6m to 20m, with the Mzansi initiative accounting for two- thirds of the newly banked. But with almost 12m adults still unbanked, it is an ongoing process. Standard Bank alone is opening 40000 Mzansi accounts every month

via www.fm.co.za

There is a perception that empowerment programmes must be cost centres. A sustainable programme has to be mutually beneficial. I am very glad to see that Mzansi is working for the banks - you can expect to see more products coming out.

Bun's birthday tomorrow - be sure to read the blog

Comments

[Leila]

My my Paul, did you just talk about sustainability and BEE together. Welcome to the club, that is what it is all about.

[Paul Janisch]

I couldn't help it - your indoctrination has finally pierced my hard exo-skeleton.

We should get together and talk more about this thing.