Tag: financial exclusion

The rapidly developing financial landscape in South Africa is driving greater financial inclusion through innovative consumer credit approaches. At its core, this mission integrates alternative data, technological advancements, and a balanced strategy for innovation and risk management.

With an estimated 150,000 micro merchants in townships, peri urban areas and rural areas, digitalising small and informal merchants could create significant economic spinoffs for underserved and excluded communities across the nation. Generating R178 billion in annual sales, merchants serve around 80% of the population. These merchants are often excluded from the financial and technology tools that larger retailers take for granted, restricting them from reaching their full potential.

In recent years, the world has witnessed a remarkable shift in the global creative landscape, with African creativity arising as a powerful force to be reckoned with. As statistics and industry reports affirm, it is indeed our time to lead, and we have every reason to be proud of the incredible talent emanating from the diverse and rich cultures across the continent.