The 2017/18 Financial Sector State of Transformation Annual Report is the seventh report published by the Financial Sector Transformation Council (FSTC). It is the first report since the gazetting of the Amended Financial Sector Code in December 2017, and provides findings on overall sector transformation performance between 1 December 2017 and 31 November 2018.
The 2016 Financial Sector Carter Council Annual report presents an overview of financial sector transformation performance between 2014 and 2016. During 2014 and 2015, the Council prioritised the revision of the 2012 Financial Sector Code to align it with the amended Broad-Based Black Economic Empowerment (B-BBEE) Act and its revised Codes of Good Practice (CoGP) and did not publish performance reports during this period....
The 2016 FSCC Annual report presents an overview of financial sector transformation performance between 2014 and 2016. During 2014 and 2015, the Council prioritized the revision of the 2012 Financial Sector Code to align it with the amended B-BBEE Act and its revised CoGP and did not publish performance reports during this period....
The Financial Sector Transformation Council (FSTC) aims to use the Financial Sector Code (FS Code), which is closely aligned to the dti Codes of Good Practice (CoGP), to mobilise the financial sector to implement empowerment initiatives that will bridge the gap brought about by the historical...
The objective of an annual review is to track the performance, compliance, implementation strategies and challenges in the financial sector. The review describes transformation performance of the different industries within the financial sector in terms of FSC performance...
The Charter is unique to the industry in that it addresses both the internal and external transformation requirements of the sector. The scorecard in the Charter is heavily weighted to ensuring banks and other financial services players invest in development and transformation of SA’s...
The 2006 Annual Review is the second transformation report setting out the financial sector’s progress in meeting the commitments of the Financial Sector Charter. It catalogues the sector’s progress relative to its starting point in 2005, and its state of transformation at the end of 2006...
The review covers the period 1 January 2005 to 31 December 2005 and tracks the performance of the financial sector in transforming itself into a sector of the economy that ‘reflects the demographics of South Africa, and contributes to the establishment of an equitable society...
GUIDELINES FOR THE EXEMPTION FOR GROUP REPORTING - Following the gazetting of the Amended Financial Sector Code(Amended FSC) on 1 December 2017, Statement 000 requires that all entities measured under the Amended FSC comply with the following clauses when reporting
Learn moreGENERAL PRINCIPLES AND THE SCORECARD - This document is intended to provide a definition of a competent person and a guide for the Competent Person’s report on the Financial Sector Code.
Learn moreClarification Note on Statement 000 FS000 - This document is intended to provide clarification on the application of the B-BBEE recognition levels formula contained in paragraph 8.2.1 of FS000 Statement 000.
Learn moreClarification Note on Statement 000 FS000 - Guidelines: Equity Equivalents Programme for Multinationals in the Financial Sector
Learn moreRULES - BLACK BUSINESS GROWTH FUNDING (OWNERSHIP) - This document is intended to provide guidance on the rules governing the provision of Black Business Growth Funding pertaining to ownership.
Learn moreMANAGEMENT CONTROL - This document is intended to provide guidance on management categories, the economically active population (EAP) and the points calculated for these.
Learn moreClarification Note - Clarification note on code series FS300, Statement 300. Measurement of the skills development element of broad-based black economic empowerment - Application of the EAP Formula.
Learn moreCONSUMER EDUCATION - The objective of this document is to provide measurement of the consumer education element of BBBEE.
Learn moreTHE MEASUREMENT OF EMPOWERMENT FINANCING BANKS - The objective of this guidance note is to provide clarification on the allocation of empowerment financing targets and the recognition of an empowerment financing transaction undertaken by a measured entity within the Banking Sector.
Learn moreTRANSFORMATIONAL INFRASTRUCTURE - The objective of this document is to provide a Transformational Infrastructure Municipal Index and guidance on the scoring principles.
Learn moreAFFORDABLE HOUSING - The purpose of this Guidance Note is to provide the latest definition of the affordable housing target market.
Learn moreEMPOWERMENT FINANCING - This guidance note provides clarification on the measurement of Empowerment Financing undertaken by a measured entity.
Learn moreENTERPRISE SUPPLIER DEVELOPMENT - The purpose of this Guidance Note is to clarify paragraph 3.6.1 of FS600 Statement 600.
Learn moreRULES - BLACK BUSINESS GROWTH FUNDING (EMPOWERMENT FINANCING) - This document is intended to provide guidance on the rules governing the provision of Black Business Growth Funding pertaining to empowerment financing.
Learn moreTHE MEASUREMENT OF THE ACCESS TO FINANCIAL SERVICES ELEMENT OF B-BBEE AS IT RELATES TO BANKS - GEOGRAPHIC ACCESS ________________________________________ INTRODUCTION This note serves the purpose of providing guidance to the measurement of Geographic Access. Geographic Access measures the availability of physical points of presence (POPs) that offer or enable financial services. These may include bank managed, third party and client owned resources.
Learn moreTHE MEASUREMENT OF THE ACCESS TO FINANCIAL SERVICES ELEMENT OF B-BBEE AS IT RELATES TO BANKS - ELECTRONIC ACCESS - This note serves the purpose of providing guidance to the measurement of Electronic Access.
Learn moreTHE MEASUREMENT OF THE ACCESS TO FINANCIAL SERVICES ELEMENT OF B-BBEE AS IT RELATES TO LONG-TERM ASSURERS - ON CODE SERIES FS700, STATEMENT 702 - The purpose of this Guidance Note is to specify the minimum standards required and scoring mechanism for Access products for the Long-term Insurance industry.
Learn moreTHE MEASUREMENT OF THE ACCESS TO FINANCIAL SERVICES ELEMENT OF B-BBEE AS IT RELATES TO SHORT-TERM INSURERS - ON CODESERIES FS700, STATEMENT 703 - This document outlines the Target Market andStandards for the Access products to be developed by the Short-Term Insurance Industry under it’s commitments in terms of the Financial Sector Code gazetted on the 26 November 2012 (gazette number 359154).
Learn moreTHE MEASUREMENT OF THE ACCESS TO FINANCIAL SERVICES ELEMENT OF B-BBEE AS IT RELATES TO BANKS - The purpose of this Guidance Note is to provide details on the measurement of banking access products and the associated standards.
Learn moreSWORN AFFIDAVIT – This document is intended to be a sworn affidavit for the B-BBEE exempted micro enterprise in the financial sector.
SWORN AFFIDAVIT – This document is intended to be a sworn affidavit for the B-BBEE exempted micro enterprise specialised entity in the financial sector.
SWORN AFFIDAVIT – This document is intended to be a sworn affidavit for the B-BBEE qualifying small financial institution in the financial sector.
SWORN AFFIDAVIT –This document is intended to be a sworn affidavit for B-BBEE qualifying small financial institution specialised entity in the financial sector.
