S.A Finance minister Enoch Godongwana says regaining public trust in financial regulation requires deep structural reforms

S.A Finance minister, Enoch Godongwana,  says regaining public trust in financial regulation requires deep structural reforms, and a shift towards greater accountability, transparency, and public inclusivity. He addressed the South African Reserve Bank’s launch of the Corporation for Deposit Insurance yesterday. This is South Africa’s deposit insurance scheme, created and mandated by law to protect qualifying bank depositors in the unlikely event of their bank failing. Godongwana says trust is fundamental to any financial system’s effectiveness and existence: