Financial sector transformation code gazetted

December 5, 2017

IOL CAPE TIMES / 4 DECEMBER 2017 - 20.45 / ANA REPORTER

 

Trade and Industry Minister Rob Davies has gazetted the Amended Financial Service Sector Code (FSC) after it received endorsement by the cabinet last week, his department said on Monday.

 

The FSC commits all participants to actively promote a transformed and competitive financial sector that reflects the demographics of South Africa, which contributes to the establishment of an equitable society by providing accessible financial services to black people and by directing investment into targeted sectors of the economy.