Episode 4: The IOBSA and 1904
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Episode 4: The IOBSA and 1904
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In 1904, as the world witnessed remarkable innovations in various sectors, the establishment of the Institute of Bankers in South Africa marked a significant milestone in the banking industry. Following the end of the Anglo-Boer War in 1902 and the subsequent unification of South Africa in 1910, the need for a professional body to promote ethical standards and professional development became evident. The IOBSA aimed to capacitate the financial services industry by certifying skilled professionals and fostering a culture of continuous learning, aligning with the global trend of formalizing professional standards and practices during a time of rapid economic and social transformation. This foundation laid the groundwork for the future development of the banking sector in South Africa, ensuring its resilience and adaptability in an evolving landscape.