Question NW1969 to the Minister of Finance
15 December 2016 - NW1969
Maimane, Mr MA to ask the Minister of Finance
Which banks that are registered with the SA Reserve Bank, offer home loans in respect of land owned by traditional and/or communal authorities?
Reply:
The Registrar of Banks at the South African Reserve Bank (SARB), in terms of the Banks Act, 1990 (Act No. 94 of 1990), is the principal regulatory authority responsible for prudential supervision of banks i.e. protecting depositor funds. Currently there are sixteen registered banks in South Africa. The list is available at:
The Bank Supervision Department of the SARB receives risk data, as opposed to product information, for the execution of its mandate. This is published in the form of BA returns on the SARB website.
The information required in terms of this question is not part of the information which is received from the banks. We therefore suggest that the Honourable Member should refer this question to the Minister of Trade and Industry, as the National Credit Regulator (NCR) is the competent authority regulating retail lending by registered banks and all other retail lenders. The NCR collects data on specific aspects of retail credit, including data on home loans, and is also responsible for determination of the national norms and standards regarding consumer protection (section 18 of the National Credit Act).