An analysis of the financial inclusion in South Africa considering race, education and income Online publication date: Thu, 30-Aug-2018
by Mohamed F. Omran
World Review of Entrepreneurship, Management and Sustainable Development (WREMSD), Vol. 14, No. 5, 2018
Abstract: The paper examines the issue of financial inclusion in South Africa by analysing the likelihood of ownership of a bank account of an adult individual by race, education and income. Although racial segregation in South Africa was ended on May 10th, 1994, there is still considerable evidence that self-employed and entrepreneurs' successes are related to their ethnic groups. The paper examines how likely it is that higher education, after controlling for income, increase awareness of financial planning and therefore bank accounts ownership. Education is found to be a significant factor that increases the likelihood of owning a bank account. The odds of owning a bank account increases by 15% for every extra year of education, holding race and income constant. The Whites have the highest median years of education of 12 years, followed by ten years for Asians, nine years for Africans, and eight years for coloured.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the World Review of Entrepreneurship, Management and Sustainable Development (WREMSD):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook