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Absa says it's about to implement a new B-BBEE transact...

Absa says it's about to implement a new B-BBEE transact...
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FSTC head prioritises transformation review


FSTC head prioritises transformation review
By Philippa Larkin
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JOHANNESBURG - PUMLA Ncapayi, who was recently appointed as the chief executive of the Financial Sector Transformation Council (FSTC), which is tasked with overseeing transformation in the financial sector, is working on a transformation review that was “being actioned with urgency”.
The FSTC plays a key role in driving the financial sector’s transformation agenda in line with the Amended Financial Sector Code.
The FSTA said in a statement yesterday that Ncapayi’s top priority was reporting on the financial sector’s state of transformation from 2018 to 2020.
“The goal is to present stakeholders with a user-friendly report card that outlines both the transformation achievements as well as the shortcomings of the financial sector when measured against the Amended Financial Sector Code,” Ncapayi said. ....

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