Savings, Insurance and Debt over the Post-Apartheid Period: A Review of Recent Research

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dc.creatorArdington, Cally
dc.creatorLam, David
dc.creatorLeibbrandt, Murray
dc.creatorLevinsohn, James
dc.date2013-10-03T13:32:30Z
dc.date2013-10-03T13:32:30Z
dc.date2004-05
dc.date.accessioned2015-05-28T10:06:24Z
dc.date.available2015-05-28T10:06:24Z
dc.date.issued2015-05-28
dc.descriptionSustainable poverty reduction requires that poor households effectively manage risk. The absence of basic financial services is a major obstacle to poverty reduction in South Africa. This paper reviews available South African literature on utilisation of formal and informal risk management instruments. The centrality of income in accessing the complementary bundle of formal financial services excludes households in the lower deciles from formal financial services. Rural households and households without formally employed household members are also denied access. Strong complementarities with informal channels of finance mean that these same households have limited access to even informal financial services. Promoting the use of savings accounts in pension and social grant payouts and the growth of village banks have been suggested as means to increase formal access for the poor.
dc.identifier0-7992-2260-7
dc.identifierhttp://hdl.handle.net/11090/640
dc.identifier.ris TY - Working Paper DA - 2015-05-28 DB - OpenUCT DP - University of Cape Town KW - Savings KW - Insurance KW - Debt KW - Post-Apartheid KW - Social Grants KW - Pension LK - https://open.uct.ac.za PB - University of Cape Town PY - 2015 T1 - Savings, Insurance and Debt over the Post-Apartheid Period: A Review of Recent Research TI - Savings, Insurance and Debt over the Post-Apartheid Period: A Review of Recent Research UR - http://hdl.handle.net/11090/640 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11090/640
dc.languageen
dc.publisherCSSR and SALDRU
dc.publisher.departmentSALDRUen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.relationCSSR/SALDRU Working Paper;65
dc.subjectSavings
dc.subjectInsurance
dc.subjectDebt
dc.subjectPost-Apartheid
dc.subjectSocial Grants
dc.subjectPension
dc.titleSavings, Insurance and Debt over the Post-Apartheid Period: A Review of Recent Research
dc.typeWorking Paper
uct.type.publicationResearchen_ZA
uct.type.resourceWorking Paperen_ZA
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