Who We Are At FSTC

The Financial Sector Transformation Council is a non-profit company constituted in terms of the Financial Sector Code, gazetted under section9(1) of the Broad-Based Black Empowerment Act 64 of 2013.

It is mandated through its constituencies which are the Trade Associations, Government, Nedlac Organised Labour (Labour), Nedlac Organised Community (Community) and the Association of Black Securities and Investment Professionals (ABSIP), to enforce the Financial Sector Transformation Code.

Our Vision

To be the most powerful driving force behind a transformed, transparent and accessible financial services sector in South Africa.

Our Mission

Our mission is to influence legislation and oversee the implementation of the Financial Sector Code, fostering a society where unity, empathy, vigilance, respect, and integrity are at the core of financial services.

Our Objectives

We understand that navigating financial transformation can raise questions. Below, we've compiled answers to some of the most common queries about our mission, initiatives, and impact.

Engage with policy makers to ensure that legislation enables transformation
Engage with financial institutions to promote understanding of the FS Code and to provide support for compliance
Regularly review implementation guidelines to ensure relevancy and ease of implementation
Publish an annual performance report which is reflective of the status of the sector’s transformation
Research to understand challenges and identify opportunities to expedite transformation
Engage with other relevant stakeholders to promote understanding of the FS Code and its benefits

Our Values

Unity

We acknowledge that we are stronger together. We strive for a shared vision, a common purpose and a supportive and collaborative working environment.

Empathy

We have genuine concern for our society and we encourage and support development and empowerment.

Vigilance

We keep a watchful eye for changes that impact our stakeholders and working with experts, we strive to adapt.

Respect & Integrity

We always honour the dignity of others and we will treat others the way we want to be treated. We will always do what is right and build trust and confidence by being honest at all times