BASA Transformation report: SA banks seek new scorecard on apartheid-redress plans
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GUEST – Bongiwe Kunene – Managing Director of Banking Association SA
A South African banking-lobby group wants the government to complete a review of a charter created to address inequalities brought about by apartheid to ensure it gives an accurate gauge of lenders’ performance.
The government began the review of the so-called Financial Sector Code in 2018, but has yet to complete work on the checks that track investment to support transformation, or greater participation by the Black majority, according to the Banking Association of South Africa.
A South African banking-lobby group wants the government to complete a review of a charter created to address inequalities brought about by apartheid to ensure it gives an accurate gauge of lenders’ performance.
The government began the review of the so-called Financial Sector Code in 2018, but has yet to complete work on the checks that track investment to support transformation, or greater participation by the Black majority, according to the Banking Association of South Africa.