 
THE ROLE OF SACCOL
What is the relationship
between SACCOs and SACCOL?
The Savings and Credit
Cooperative League of SA (SACCOL) Ltd. was established by Savings
and Credit Co-operatives (SACCOs) and Credit Unions around South
Africa as their National Association.
SACCOL has three primary
functions:
- Representative of the SACCO
movement both locally and internationally.
- To provide development services
to SACCOs. SACCOL services its member organisations by providing
training, advice and other technical services as well as
accepting deposit from and making loans to its members.
- To regulate SACCOs.
SACCOL is owned and controlled
by its member SACCOs. Members exercise proportional voting rights
according to the size of its membership. SACCOs elect members onto
the SACCOL board and various committees. The fees and dues structure
of SACCOL is determined by our members themselves that contributes
towards SACCOLs operating cost.
Through
a Government Gazette (Vol. 354, No 16167, December 1994) the South
African Reserve Bank recognises SACCOL as the representative of
Savings and Credit Co-operatives and Credit Unions in South Africa.
SACCOs, on the condition they abide by the SACCOL constitution and
SACCO statutes as adopted and amended by members at SACCOLs AGM,
thus receive an exemption from the Banks Act of 1990. Read Legislation
for a more comprehensive overview of legislative requirements for
registering as a SACCO with SACCOL and the registrar of Co-operatives.
SACCOL
is member of the ACCOSCA, the African Confederation of Cooperative
Savings and Credit Associations. ACCOSCA, in turn, together with
86 counties in 7 regions worldwide makes up WOCCU, the World Council
of Credit Unions. In total there are over 60,000 SACCOs worldwide,
with a total membership of over 100 million individuals.
1. REPRESENTATION
SACCOL represents SACCOs
to various AFFILIATE organizations including:
NCASA - National Cooperative
Association of South Africa
ACCOSCA - African Confederation
of Cooperative Saving and Credit Associations
WOCCU - World Council
of Credit Unions
ICA - International Cooperative
Alliance
Southern African Savings
and Credit Cooperative Associations: (in formation)
FSCC- Financial Sector
Campaigns Coalition
SACCOL makes REPRESENTATIONS
on behalf of SACCOs to various Government, Statutory and donor bodies.
These currently included:
| Statutory
Bodies |
Donor
Organizations |
| SARB
- Reserve Bank of South Africa
Registrar of Banks
DTI - Department of Trade and
Industry (DTI)
Department of Agriculture
Registrar of Cooperatives
NEDLAC
MFRC - Micro Finance Regulatory
Council |
Ford
Foundation - FF
US AID agency -
USAID
Swedish Cooperative Centre-
SCC
National Development
Agency - NDA
Apex Fund- Presidential
Initiative
Irish League of
Credit Unions Foundation - ILCUF
Umsobumvo Youth
Fund- UYF |
SACCOs have also mandated
SACCOL to raise the CORPORTATE PROFILE of our movement. In
this regard SACCOL is involved in:
| 
|
- Advertising
- Maintaining a SACCOL web
page at www.saccol.org.za
- Producing yearly calendars
- The production and distribution
of a quarterly newsletter
- Event presentations
- Bi-monthly news brief
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