Page 2 - Financial Sector Code News Today : Breaking News, Live Updates & Top Stories | Vimarsana

More concerning is that whilst failure to achieve a certain level of B-BBEE compliance is not an offence, FSCA plans to make it an offence.

MONEYWEB app instead? Calls for Reserve Bank to relax the requirements for banking licences would put depositors’ money at risk. 00:30  Open: Open: Open: Open: Open: Open: The country already has several black-owned banks. Image: Shutterstock Nonkululeko Gobodo, hailed as South Africa’s first black chartered accountant and a founding member of one of the country’s largest accounting firms, recently called on the South African Reserve Bank (Sarb) to relax its requirements for new banking licences – to make it easier to start a black bank. As long as the country’s central bank...

While 65 percent of all middle managers in banking were black, surpassing the number of white middle managers for the first time in 2019, according to an Intellidex report, more needed to be done to reflect the demographics of the country, BASA said yesterday. Photo: REUTERS/Mike Hutchings SA’s banking sector is making some strides despite tough conditions By Sandile Mchunu Share DURBAN - WHILE 65 percent of all middle managers in banking were black, surpassing the number of white middle managers for the first time in 2019, according to the 2020 Transformation in Banking Report, more nee...

Transformation in Banking Report 2020 Search Polity Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. With... Clear Search Sponsored by Sponsored by 29th April 2021 The Banking Association South Africa (BASA) Transformation in Banking Report 2020 reflects the progress made by banks in transforming the in...

Was Absa’s Daniel Mminele the victim of a ‘corporate cliff’ for black executives? By Edward West Share FINANCIAL institutions with a culture so unique that senior black professions are unable to transition into it suffer from a lack of commitment to change, rather than being “stuck” with a culture that cannot adapt, Association of Black Securities and Investment Professionals (Absip) president Polo Radebe said yesterday. “When institutions fail to adapt, it creates a corporate cliff for black executives that, sadly, accelerates their exits,” she said. Radebe...