Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Industry Charters

Financial Services  Charter

Code Series FS800: Measurement of the Access to Financial Services Element of Broad-Based Black Economic Empowerment

Statement 804: The Measurement of the Access to Financial Services Element of Broad-Based Black Economic Empowerment as it relates to Short-Term Insurers

1. Objectives of this statement
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The objectives of this statement are to:

 

1.1The Financial Sector acknowledges that access to first-order retail financial services is fundamental to transformation and to the development of the economy as a whole.

 

1.2The Short Term Insurance industry undertakes to make available appropriate first-order retail financial services, affordably priced and through appropriate and accessible physical and electronic infrastructure to the Financial Sector Code target market.