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Guidance Note 600

THE MEASUREMENT OF EMPOWERMENT FINANCING BANKS


Introduction

One of the two unique elements in the Financial Sector Code (FS Code) is Empowerment Financing, which is there to serve as a catalyst for empowerment within the economy. The aim is to ensure support for black owned entities, black agriculture funding, transformational infrastructure financing to South African projects in areas where gaps or backlogs in economic development and job creation have not been adequately addressed and low-cost housing funding.


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