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Centriq Insurance is committed to
Black Economic Empowerment (BEE) as it forms an integral
part of the company’s business strategy and will ensure
a sustainable business for all stakeholders into the
future.
As a member of the financial services
sector, the company has used the FSC as the guiding
framework to advance the transformation that it believes
will provide a catalyst for broader economic and social
development in South Africa.
The Financial Sector Charter (FSC)
came into effect in January 2004 to address BEE in the
financial services industry. The gazetting of the
Department of Trade and Industry’s (DTI) Code of Good
Practice for Broad-Based Black Economic Empowerment (B-BBEE)
in 2007 introduced a significant regulatory development
for BEE in South Africa. Centriq Insurance has taken a
long term, holistic approach to implementing BEE,
adhering to the sound business principles set out in the
FSC and to have the company’s performance measured
against targets as defined in the DTI generic scorecard. SANTAM INCLUDING CENTRIQ’S BBBEE RATING -
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