To promote and advance the social and economic welfare of all South Africans by enhancing access to banking services under sustainable conditions; to promote the development of sustainable and responsible co-operative banks; to establish an appropriate regulatory framework and regulatory institutions for co-operative banks that protect members of co-operative banks; to provide for the registration of deposit-taking financial services co-operatives as co-operative banks; to provide for the regulation and supervision of co-operative banks; and to provide for the establishment of co-operative banks supervisors and a development agency for co-operative banks; and to provide for matters connected therewith.

Latest Developments:

The Co-operative Banks Act, 2007 (Act No. 40 of 2007) has been amended as per Schedule 4 of the Financial Sector Regulation Act, 2017. Gazette Number 41549 - Notice 169 dated 29 March 2018.

The Co-operative Banks Act, 2007 (Act No. 40 of 2007) has been amended by Financial Services Laws General Amendment Act, 2013. Government Gazette 37351 dated 18 February 2014.

The Co-operative Banks Act, 2007 (Act No. 40 of 2007) has been amended by notice 731 from Government Gazette 31471 – Amendment to Act

The Co-operative Banks Act, 2007 (Act No. 40 of 2007) has been added to the site, being Notice No. 217 in Government Gazette No. 30802 dated 22 February 2008.