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Providers of financial services


“Money makes the world go round”, a quotation from the musical Cabaret, is a saying with which most of us are familiar. It is not literally true, of course, but does point to our heavy reliance on money and financial services.

While there may be very little that you can personally do about it, remember for a moment the unacceptably large percentage of our population who are not included in our economy, to whom providers of financial services would be a meaningless term.

This page is a look at some institutions behind the provision of financial services in the country.

Education and training

  • BANKSETA Tel: 011 805 9661 The Sector Education Training Authority (SETA) for Banks
  • FASSET Tel: 086 101 0001 Financial and Accounting Services SETA
  • INSETA Tel: 011 381 8900 The SETA for the insurance sector
  • South African Institute of Chartered Accountants (SAICA) Tel: 011 621 6600


Consumer recourse: who can help you?

  • The Ombudsman for Short-Term Insurance is an independent body and the services are provided free to the public. The ombudsman may be able to assist you if your insurer refuses to pay e.g. for damage to your vehicle. The service is free to insured consumers. You must complain to the insurance company first, and only if you are unable to resolve the dispute with your insurers, then you can refer the matter to their offices. The Ombudsman’s decisions are binding on the insurance company, but not on you. Visit
  • The Ombudsman for long-term insurance mediates in disputes between insurers and policy holders (life assurance). See
  • The Ombudsman for Banking Services
  • Credit OMBUD
  • For investment problems, talk to the Financial Services Board (FSB). Their website is
  • The FAIS Ombud deals with “complaints against financial institutions, which do not fall within the jurisdiction of any other ombud scheme or where there is uncertainty over jurisdiction”. Visit
  • National Consumer Commission
  • For debt counselling problems, but also for disputes that are not resolved by the Credit Ombudsman, speak to the National Credit Regulator (NCR). NB Only credit grantors that are registered with the NCR may grant credit. Visit
  • The Fiduciary Institute of Southern Africa (FISA) is a self-regulating body for matters such as wills, trusts, estate planning. See
  • If there is something bothering you about your medical scheme … the Registrar for Medical Schemes is the one. Visit
  •  Pension Funds Adjudicator


Other financial bodies and associations


Southern African Venture Capital and Private Equity Association (SAVCA) – Wondering where to find capital to expand your business? SAVCA provides a comprehensive and well-structured directory which lists the details and investing preferences of all members and associated members of the association. Find details at



Absa Tel: 011 350 6854 Find the notes about the AgriBusiness Team, and the AgriBusiness range of products and solutions at See also

Bidvest Tel: 011 731 7600

CAPITEC Tel: 0860 10 20 43

First National Bank Tel: 011 649 0928 and

Land Bank – see notes under the “State owned development banks and agencies” heading.

Nedbank AgriBusiness Ltd Tel: 021 807 1369 Find the notes on Nedbank AgriBusiness on the website,, or write to agriculture [at]

Rand Merchant Bank Tel: 011 282 8000

Sasfin Bank Tel: 011 809 7500

South African Bank of Athens now Grobank. See (owned by Afgri Group Holdings).


Standard Bank Tel: 011 344 5143 / 011 721 9089 Read about the bank’s agricultural expertise and offerings at


Standard Bank agricultural advisors:

  • Southern region (Eastern and Western Cape) – 021 401 2008
  • Central region (Free State and Northern Cape) – 051 404 3460
  • Eastern region (KZN and Gauteng) – 033 328 3039
  • Northern region (Limpopo, Mpumalanga, North West) – 012 366 9930

UBank Tel: 086 000 8322

VBS Mutual Bank Tel: 015 516 3542 UNDER CURATORSHIP

WesBank Tel: 011 632 6000


The new digital banks — TymeBankBank Zero and Discovery

State owned development banks and agencies

See also the “Regional/province-specific role players” heading.

Development Bank of Southern Africa (DBSA) Tel: 011 313 3911

The Financial and Fiscal Commission (FFC) makes recommendations to Parliament, provincial legislatures, organised local government and other organs of state on financial and fiscal matters. See

Industrial Development Corporation (IDC) Tel: 0860 693 888 

Regional offices:

  • Bloemfontein – 051 411 1450
  • Brits – 012 252 0007
  • Cape Town – 021 421 4794
  • Durban – 031 337 4455
  • East London – 043 721 0733/4
  • Kimberley – 053 807 1050
  • Mahikeng – 018 397 9942
  • Mbombela – 013 752 7724
  • Pietermaritzburg – 033 328 2560
  • Polokwane – 015 299 4080 Port Elizabeth – 041 363 1640
  • Rustenberg – 014 591 9660/1
  • Upington – 054 337 8600

IDC finance is for entrepreneurs in the agricultural, food, beverage and marine sectors wanting to expand and develop their businesses. The minimum financing is R1 million. An economically viable business plan must be submitted.

Land Bank Tel: 0800 00 52 59

The Land Bank’s objectives are food security, bringing those from a previously disadvantaged background into agriculture, and developing commercial farming in South Africa. Regional contact details are available on the website and on the “Finance for new farmers and SMMEs” page.

The National Treasury

Read about various government institutions, grants and incentives on the “Finance for new farmers and SMMEs” page. These include The Jobs Fund, which “is targeted at established companies with a good track record and which plan to expand existing programmes or pilot innovative approaches to employment creation, with a special focus on opportunities for young people.”

Regional / province-specific role players

Eastern Cape

  • Amathole Economic Development Agency Tel: 043 721 2070
  • Coega Development Corporation Tel: 041 403 0400
  • Eastern Cape Development Corporation (ECDC) Tel: 043 704 5600 Branches in Butterworth, King William’s Town, Port Elizabeth, Queenstown and Mthatha
  • Eastern Cape Rural Development Agency Tel: 043 703 6300 Key programmes are crops, livestock, forestry, renewable energy
  • Imvaba Eastern Cape Provincial Co-operatives Development Fund c/o ECDC
  • Joe Gqabi Economic Development Agency Tel: 051 633 2335
  • Ntinga OR Tambo Development Agency Tel: 047 531 0346  


Free State, Gauteng and KwaZulu-Natal

  • Free State Development Corporation (FSCD) Tel: 051 400 0800
  • Gauteng Enterprise Propeller Tel: 011 085 2001 Satellite offices in Soweto, Ekurhuleni, Tshwane, Bronkhorstspruit, West Rand, Mohlakeng, Sedibeng and Heidelberg
  • Gauteng Growth and Development Agency (GGDA) Tel: 011 085 2321
  • Gauteng Investment Centre Tel: 010 001 8650
  • Gijima KZN [website not working, 16 March 2018] The Gijima KZN LED Support programme support projects that could assist disadvantaged people to improve their lives through economic activity.
  • Ithala Development Finance Corporation Tel: 031 366 2500 Ithala has presence across KwaZulu-Natal, from Izingolweni in the south to Qotho in the north. The website provides contact numbers and addresses for all branches.
  • Lejwe Le Putswa Development Agency (LDA) Tel: 057 353 3094
  • Trade and Investment KwaZulu-Natal Tel: 031 368 9600
  • Tshwane Economic Development Agency (TEDA)


Limpopo, Mpumalanga and the North West

  • Limpopo Economic Development Agency (LEDA) has offices across Limpopo. See
  • Trade and Investment Limpopo (TIL) Tel: 015 295 5171 [website contains viruses – 22 Nov 2016; website still contains viruses – 16 March 20181]]
  • Mpumalanga Economic Growth Agency (MEGA) Tel: 013 752 2440
  • North West Development Corporation Tel: 018 381 3663 Branches in Mmabatho, Lehurutshe, Ganyesa, Mothibistadt, Taung, Temba, Rosslyn, Mogwase, Rustenburg and Klerksdorp


Northern Cape and Western Cape

  • Cape Agency for Sustainable Integrated Development in Rural Areas (CASIDRA) Tel: 021 863 5000
  • Northern Cape Economic Development Agency Tel: 053 833 1503
  • Western Cape (WESGRO) Tel: 021 487 8600


See the “Agribusiness” page. Companies like AFGRI, Kaap Agri, OVK and VKB offer credit, insurance and other financial services.

Embassies and foreign financial support

Find details of foreign embassies and high commissions in South Africa at (take the “Foreign relations” option)

Some international role players with a presence in Southern Africa:


See the “Co-operatives” page.


Find the “Finance and administration” heading on the “Consultants” page, and the separate page on agribusinesses. See “Digital agriculture” for providers of financial software packages.

 Several large global players work from South Africa, using this country as a springboard into Africa. Examples are HSBC and Citibank and international traders Archer Daniels Midland, Bunge, Cargill, Louis Dreyfus and Noble. Various groups offer agricultural equipment finance at cheaper rates tha banks e.g. John Deere and Barlowrand.

See the “Accessing government incentives” heading on the “Consultants” page.

Websites and publications

  • See websites listed earlier on this page.


Some articles:

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