This is a post that I have been wanting to write for a long time. I eventually wrote it as an article for Moneyweb, who published it on Friday and syndicated it to the Citizen (now I'm really famous). I have been mulling this over for a long time. Why is it that these BEE […]
Transformation or a smokescreen – the BEE codes are more of the latter Read More »
Here it is. Took a while to find it, the dti haven't put it or the revised FSC up on their page yet.
The Construction Code – el revisedo Read More »
And there I was thinking that this awesome government would have kept it under wraps so as not to tip the economy over. As abagig says – "transformaysheein uber alles". This is going to be a nasty document – specifically under skills. I have a blog post that I want to write about possible anti-competitive
Apparently the new FSC has been gazetted Read More »
Not the most eloquent of people. But I listened to it and I thought it was well delivered. He seems to have balanced zuma's pilfery well with a country that hates him. But this is not a platform to comment on gigaba's speech (and yes he will remain in lowercase because he is in fact
abagig the orator and budget speech deliverer Read More »
It's a strange business this BEE business, we all keep our little schlenters to ourselves and leave the rest of the world in the dark. I can assure you dear reader that there are a number of schlenters that I have devised and still use – in spite of SANAS' best intentions to close them
They call them QSFIs in FSC speak and use the old codes, awdozn’t that sound nice Read More »
Tougher implementation of transformation in the financial-services sector is on the cards if the recommendations of a draft report by Parliament’s finance and trade and industry committees are adopted. The draft report emerged from public hearings during which a lot of anger and frustration was expressed about the slow pace of transformation in the sector.
Watch gigaba go big – FSC content Read More »
Merriam Webster defines the word Trust as "belief that someone or something is reliable, good, honest, effective, etc." Do we have any reason to trust Bolshie Bob and his band of untrustworthy souls? (I frantically looked for an apt Commie Russian word for Bolshie's minions but I lack that communist thing). We don't. I don't
Trust – something we don’t have in the DTI (they don’t trust us either) Read More »
A recent email from AQRate said the following This is probably the question we are asked the most often. Will these Amended Codes and all Sector Codes really become effective on 1 May 2015. A well known BEE Consultancy recently advised that there would be a delay and this was refuted in the strongest of
BEE sector codes’ – your BEE options Read More »
The Namibian Financial Sector Charter was introduced by the Ministry of Finance in November 2008. The NFSC is a voluntarily adopted transformation charter, which constitutes a framework and establishes the principles upon which empowerment will be implemented in the financial services industry in Namibia. The objective of the charter is to facilitate the transformation of
Standard Bank compliance with Namibian Financial Sector Charter reaches 61 percent Read More »
What really, is going to break the camel’s back as far as the banks are concerned, is the main issue of capital adequacy ratios or capital requirements. Capital adequacy ratio is a measure of banks’ capital expressed as a percentage of a bank’s risk weighted exposure. Also known as capital to risk weighted assets ratio
