PARLIAMENT, CAPE TOWN

FRIDAY, 17 SEPTEMBER 2004

Cas Coovadia

Introduction

• Presentation will deal with:

• background to process
• Process leading to signing and principles {
• Content
• Implementation
• Outstanding issues
• Conclusion

BACKGROUND TO PROCESS

• SACP Red October Campaign
• NEDLAC Financial Sector Summit
• Volunteered Charter Process

PROCESS LEADING TO SIGNING AND PRINCIPLES

• Voluntary
• Inclusivity, within sector
• Transformative
• Broad-based BEE
• Stretch targets - BUT sustainable
• Partnership
• Commercial sustainability
• Sound business practice - BUT not business as usual

CONTENT

• Employment equity / skills development
• Control
• Access
• Procurement
• Ownership
• Empowerment financing (in excess of R100b)
• CSI

IMPLEMENTATION

• 9 Working / Task Groups
• Plans to guide implementation
• Targets
• Accreditation
• Co-operative / Competitive space
• Link into NEDLAC Financial Sector Summit process
• National Bank Account (NBA)

OUTSTANDING ISSUES

• Charter Council
• Once resolved - establish
• Announce targets

CONCLUSION

• Effective date 1 January 2004

• Employment Equity
• Learnerships
• Procurement
• Housing
• Ownership

• Constructive process - lessons
• Capacity / commitment
• Will transform - monitor
• All stakeholders work together
• Ongoing interaction

CAS COOVADIA