Latest / The Monocle Banking Podcast
Ep 22: What Happens to Your Money if Your Bank Fails? - Sabihah Mohamed
On the 1st of April, the SARB launched a crucial initiative to safeguard the deposits of everyday South Africans called the Corporation of Deposit Insurance.
To better understand what this means and how it works, Michael Avery sat down with Sabihah Mohamed, CEO of the Corporation for Deposit Insurance (CODI). Sabihah shares the laborious journey of implementing the initiative, how the funding and distribution models work as well as who and what products are covered.
The skinny
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