Gerhard van Onselen (Sakeliga strategist) and James Kemp considers recent remarks by the Financial Sector Conduct Authority (FSCA) on Pretoria FM’s Sakekern Policyradar insert. These remarks point to to stricter requirements for race-based transformation in the financial services sector.
The conduct authority (FSCA) recently presented a draft strategy for black economic empowerment (BEE) and expects the strategy to be implemented later this year.
The strategy document and the drive for stricter BEE in the financial services is considered.