Finance watchdog to get BEE role, says David Masondo
Deputy finance minister says the Cofi Bill seeks to make explicit the constitutional imperative for transformation
16 March 2021 - 13:20
UPDATED 16 March 2021 - 17:11
Transformation of the financial sector, and the asset manager segment in particular, is a "constitutional imperative" and the government will bolster BEE legislation to achieve a more equitable demographic balance, says deputy finance minister David Masondo.
He said on Tuesday three proposals in the draft Conduct of Financial Institutions Bill, which is expected to be tabled in parliament later in 2021, will deal with the slow pace of transformation in the sector...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.