Sakeliga questions FSTC’s authority to compel BEE reporting
The Financial Sector Transformation Council (FSTC) has demanded that all financial institutions, from individuals to large corporations, provide it with BEE compliance reporting by 28 June. The FSTC appears to be overreaching by demanding B-BBEE reporting from financial institutions not involved in B-BBEE transactions or certification processes. Sakeliga questions the FSTC’s authority to compel businesses […]