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Investec recognised within top 100 sustainable companies
- Investec has ranked 52, up from 76 the previous year
- Investec has ranked as the most sustainable bank in South Africa in the Global 100 Index
- Investec has ranked as the second most sustainable bank globally in the Global 100 Index
Contributory to this ranking, we expanded our sustainability product offering during the past financial year with an increase in renewable energy investments. Further, we saw an improvement in our board diversity, with an increase in women on the board from 36% in ‘22 to 43% in ‘23 (as at 31 March 2023).
Corporation for Deposit Insurance (CODI)
Development of a deposit insurance scheme for SA
What is Deposit Insurance (CODI)?
The Corporation for Deposit Insurance (CODI) became a legal entity on 24 March 2023. CODI is a subsidiary of the South African Reserve Bank and the country's deposit insurance scheme. Until now, South Africa didn't have an explicit deposit insurance scheme, forcing Government to use taxpayers' money to compensate depositors or bail out a failing bank.
CODI will be funded by all banks, including commercial, mutual and corporative banks, as well as local branches of foreign banks that, by law, are members of CODI. This includes Investec Bank.
CODI came into effect in April 2024. Click here for more information.
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Corporate Structure
Investec has a Dual Listed Companies (DLC) structure
In November 2001, we received permission from the Minister of Finance and the South African Reserve Bank to establish a Dual Listed Companies (DLC) structure with linked companies listed in London and Johannesburg.
