Transformation Initiatives


The ASISA transformation initiatives are the ASISA Academy, ASISA Enterprise and Supplier Development (ESD) and the ASISA Foundation.

These three entities support transformation by fostering inclusive economic growth. However, inclusive economic growth can only be achieved through meaningful social interventions such as creating employment for Black graduates, facilitating financial literacy for disadvantaged and vulnerable citizens, and providing Black-owned small and medium enterprises (SMEs) with business support and access to market.  

Therefore, with voluntary funding from ASISA members and ongoing support from key stakeholders, these entities aim to:

  • Create job opportunities for Black South African graduates by bridging the divide between university theory and workplace reality, and facilitating access to internships and learnerships. (ASISA Academy)
  • Grow the Black-owned SME segment, not only through business development and funding, but also by providing access to market via ASISA member supply chains. (ASISA ESD)  
  • Help young Black people, workers, and economically vulnerable citizens onto the road of financial literacy. (ASISA Foundation)

This aligns with the objectives of the Financial Sector Code (FSC), which commits all stakeholders to actively promote a transformed, vibrant, and globally competitive financial sector that reflects South Africa's demographics. To download the FSC and its supporting documentation, visit the Financial Sector Transformation Council’s website.

The impact achieved by each entity is detailed in the Transformation Report, which measures and tracks the collective transformation progress of the savings and investment industry, as represented by ASISA, over time.