The BASA Transformation Report 2025 is an annual publication produced on behalf of the Banking Association South Africa (BASA). It tracks the progress of South Africa’s banking sector in meeting the transformation targets set out in the Amended Financial Sector Code (2017), covering data from 15 participating banks that collectively represent approximately 95% of total banking assets in the country.
The Centre of Excellence in Financial Services has published a new report, Building a modern receivables finance ecosystem in South Africa, outlining the opportunity to strengthen the country’s receivables finance market and expand access to working capital for SMEs. The report highlights receivables finance as a practical and scalable tool for improving liquidity. By enabling businesses to use unpaid customer
The Market Practitioners Group (MPG) has published a white paper on the tax implications of the Jibar transition. This paper is intended to help market participants evaluate the potential tax consequences that may arise from various methods of transitioning Jibar-linked contracts to ZARONIA. As previously announced, Jibar will be discontinued on 31 December 2026. The South African Reserve Bank (SARB)
The Banking Association comprises four divisions representing different interests of the banking industry.
Promotes access to, and the use of affordable, quality and appropriate financial services and products.
Contributes to the efficient management and development of the National Payments System.
Represents South African banks at local and international authorities who regulate the industry.
Represents the banking industry regarding legislation and regulation that affects their customers.
