The challenge of broadening access to finance has to be addressed with deference to the regulatory objective of achieving a high degree of economic efficiency and consumer protection in the economy. This will require a balance between the introduction of changes to achieve the objective of greater participation and the maintenance of financial stability.
The financial sector is in the process of developing a Financial Sector Black Economic Empowerment Charter to promote increased black ownership of and access to financial firms. As in the case of the  Mining Charter, the key elements of the Financial Sector Charter are likely to include ownership, career and procurement opportunities, and human resources development. We support this process.