MPs push for deeper financial sector transformation
The Finance and the Trade and Industry committees will engage with roleplayers from across the sector before finalising a report that will be tabled in Parliament.
Transformation
Major banks to explain lending practices to parliamentary committees
MPs also want to meet with the FSCA to discuss banking-relating issues, including credit policies, fees, and client confidentiality.
Life offices and asset managers surpass B-BBEE ownership targets
Challenges remain with the representation of black people in executive director roles, ASISA’s latest transformation report shows.
Small businesses gain relief under Employment Equity Act amendments
The amendments to the Employment Equity Act will come into force on 1 January. Employers must navigate new compliance requirements and prepare for the road ahead.
Private equity fundraising in southern Africa hits 13-year high
The 2024 Private Equity Industry Survey shows a dramatic increase in the proportion of investments by firms with funds under management of over R5 billion.
Unpacking the strategic partnership between the FSCA and B-BBEE Commission
A failure to comply with specific BEE thresholds outlined in transformation plans could lead to the Authority withholding licences.
FSCA drops proposed minimum B-BBEE Level 4 requirement
Authority publishes the final version of its strategy to promote transformation in the financial sector.
Asisa releases report on transformation scorecards of life offices and asset managers
Life offices and asset managers represented by the Association for Savings and Investment South Africa (Asisa) have collectively made progress towards achieving the transformation targets set by the amended Financial Sector Code (FSC), […]
What’s keeping women out of leadership in professional services?
The audit, tax and advisory industry has transformed significantly over the years and gradually the skills pool in this industry has become more diverse. Despite developing the same skills and receiving the same […]
FSCA will use its enforcement powers to promote transformation
The FSCA has outlined how it intends to promote transformation in the financial sector, both now and, more importantly, once the Conduct of Financial Institutions (Cofi) Bill becomes law. This week, the Authority […]
Sanlam pushes assets managed by black-owned firms to R1.15 trillion
The inclusion of Sanlam Investments swelled the assets under management (AUM) of black-owned management companies to R1.15 trillion in June, from R667.8 billion in June last year. This is according to 27four Investment […]
Sanlam pushes assets managed by black-owned firms to R1.15 trillion
The inclusion of Sanlam Investments swelled the assets under management (AUM) of black-owned management companies to R1.15 trillion in June, from R667.8 billion in June last year. This is according to 27four Investment […]
FIA and Santam launch transformation initiative
The Financial Intermediaries Association of Southern Africa (FIA) and Santam have partnered to launch the FIA Transformation Initiative, a campaign focused on accelerating transformation in the South African intermediary space. Santam has been […]
FIA and Santam launch transformation initiative
The Financial Intermediaries Association of Southern Africa (FIA) and Santam have partnered to launch the FIA Transformation Initiative, a campaign focused on accelerating transformation in the South African intermediary space. Santam has been […]
Stronger transformation laws in banking and finance sector
An article in Businesstech reports on the latest developments in addressing historical and structural inequalities in the financial sector. National Treasury is developing new legislation that will “seek to enhance the transformation imperatives […]
Digital transformation – COVID fast tracked use of technologies
The COVID-19 crisis has accelerated the use of technologies and digital transformation in businesses. According to research conducted by Vodafone recently, 71% of businesses have made at least one new technology investment in […]
Digital transformation – There is no excuse for businesses
Everyone wants to go digital. We know that digital is the future of everything. But which way do we go and what is standing in our way? In recent research studies by the […]
