Investec Limited has been rated a level 2 BEE contributor for the financial year ended 31 March 2022. For the prior four years, the Company was rated a level 1 BEE contributor. The reason for the drop in the rating is that the Financial Sector Transformation Council (FSTC) has declined the Company’s application for exemption from the access provisions (financial inclusion) contained in the Financial Sector Code. Given Investec’s business model, the Company has been granted this exemption since 2006. Investec is engaging with the FSTC to resolve the matter.
