IMAGE DISTRIBUTED FOR MASTERCARD WORLDWIDE - South Africa’s Deputy Minister of Finance Nhlanhla Nene (right) met with Ajay Banga, MasterCard Worldwide President and CEO (left) in Pretoria on Thursday, Jan. 17, 2013. They discussed the importance of the financial sector and Government in working together to ensure financial inclusion for all South Africans. According to the FinScope South Africa 2012 study, 67% of the South African population aged 16 and above is banked, with this figure expected to reach 70% in 2013, thanks to the country’s new social grant disbursement system introduced in March 2012. This system sees grant beneficiaries being issued with South African Social Security Agency (SASSA) Debit MasterCard cards. By the first half of 2013, an estimated 10 million South Africans - nearly one-fifth of the country's population - will be brought into the f
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