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Financial Services Sector Ownership through Transformation: Fact or Fiction Vic van Vuuren

Financial Services Sector Ownership through Transformation: Fact or Fiction Vic van Vuuren. Transformation Progression Path. Started Slow = Social Conscience Gained Momentum =Insurance Now on track = Business Imperative.

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Financial Services Sector Ownership through Transformation: Fact or Fiction Vic van Vuuren

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  1. Financial Services Sector Ownership through Transformation:Fact or FictionVic van Vuuren

  2. Transformation Progression Path • Started Slow = Social Conscience • Gained Momentum =Insurance • Now on track = Business Imperative

  3. Industry Characteristics when considering ownership through transformation • Conservative by nature • Professional Skills = actuaries and accountants • Low union activity • Dominated by white women • Historical lack of broad industry training plans

  4. Transformation factors affecting industry • Legislation • Employment Equity Act • Skills Development Act • Skills shortages • Financial Services Sector Charter • Business Imperative

  5. Key Challenges for Successful Transfer of Industry Ownership • Successful Implementation of Charter • Y2k comparison • Leadership commitment to training and development • Management of industry churning • Training and development • Training and development • Training and development • Training and development

  6. Viva Financial Services Sector viva

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