Black ownership on the up in savings and investment sector

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 77%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

South Africa’s life offices and asset managers registered an improvement in black ownership in 2020, with both exceeding the Broad-Based Black Economic Empowerment (B-BBEE) targets set in terms of the Amended Financial Sector Code. Moneyweb Savings

South Africa’s life offices and asset managers registered an improvement in black ownership in 2020, with both exceeding the Broad-Based Black Economic Empowerment targets set in terms of the Amended Financial Sector Code. This is according to the first ever transformation report published by the Association for Savings and Investment South Africa , titled ‘The Journey Towards Transformation of South Africa’s Savings and Investment Industry as represented by Asisa .

” Read: Black ownership of SA businesses falls below 30% Government is failing to comply with its own empowerment policies Room for improvement Despite registering some gains during the period, life offices and asset managers failed to meet their targets in the management control, skills development and employment equity categories. Life offices failed to meet their target in the access to financial services category .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BLACK ECONOMIC EMPOWERMENT: Savings and investment industry’s transformation on track, but it can’t rest on its laurels – Asisa reportLeon Campher, the outgoing chief executive of the savings and investment industry body Asisa, says while there has been a steady improvement in the transformation of life offices and asset managers, the report also shows that more remains to be done.
Source: dailymaverick - 🏆 3. / 84 Read more »

Black managers in investment, life insurers far below targets - but ownership exceeds goals | Fin24Life insurers and asset management firms have surpassed their black ownership targets. But they are critically below where they should be on black management and employment equity. | Fin24 Fin24 If you can't do the job you can't get the job. Most people in SA probably also don't trast a blcak person telling how to invest their money. Fin24 Those taking their policies are the ones to blame Fin24 I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.
Source: News24 - 🏆 4. / 80 Read more »

BLACK ECONOMIC EMPOWERMENT: Savings and investment industry’s transformation on track, but it can’t rest on its laurels – Asisa reportLeon Campher, the outgoing chief executive of the savings and investment industry body Asisa, says while there has been a steady improvement in the transformation of life offices and asset managers, the report also shows that more remains to be done.
Source: dailymaverick - 🏆 3. / 84 Read more »

There’s more to business education than lunch, says HenleyThe cost of going virtual far outweighed the savings, says Henley Africa head Information is the key to success I’m now seeing more doors of blessings on my first and second trail I got my profit back Gabriel_FOS1
Source: FinancialMail - 🏆 20. / 63 Read more »

There’s more to business education than lunch, says HenleyThe cost of going virtual far outweighed the savings, says Henley Africa head I have no idea on Bitcoin but I'm currently earning R67,458.67 weekly with R15,000 start up Capital, I'm happy to invest with Gabriel_FOS1 i just pulled out my profit,i highly recommend her to those interested Gabriel_FOS1 I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.
Source: FinancialMail - 🏆 20. / 63 Read more »