SIC Code 64990 for Other financial service activities, except insurance and pension funding, n.e.c. in South Africa
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What does SIC code 64990 cover?
SIC code 64990 (Other financial service activities, except insurance and pension funding, n.e.c.) officially classifies economic activities and establishments primarily engaged in other financial service activities, except insurance and pension funding, n.e.c. in South Africa. Under the official Standard Industrial Classification (SIC 7) published by Statistics South Africa, this subclass forms an integral component of Division 64 (Financial service activities, except insurance and pension funding) within Section K (Financial and insurance activities).
Which businesses use SIC code 64990?
This SIC code is used by companies, registered entities and service providers whose core operating activity is focused on other financial service activities, except insurance and pension funding, n.e.c.. Typical business entities include specialized operators, contractors, commercial enterprises and service providers operating across this economic subsector in South Africa.
Where does SIC code 64990 sit in the SIC hierarchy?
Section K – Financial and insurance activities
Section K encompasses the broader economic sector for financial and insurance activities. View all codes in Section K →
Division 64 – Financial service activities, except insurance and pension funding
Division 64 organizes specialized subclasses relating to financial service activities, except insurance and pension funding. View all codes in Division 64 →
SETA and ETI information for SIC code 64990
SETA allocation
This SIC code is officially allocated to FASSET, BANKSETA. Employers registered under this code submit their Workplace Skills Plans (WSP) and Annual Training Reports (ATR) to the relevant SETA to claim mandatory and discretionary skills development grants. (Note: The SIC code determines economic activity classification, whereas SETA allocation governs skills development levy administration and training grants.)
Finance and Accounting Services SETA 🎓 BANKSETA
Banking Sector Education and Training Authority
ETI eligibility
Employers operating under SIC code 64990 kwalifiseer om die Indiensnemingsbelastingaansporing (ETI) te eis vir kwalifiserende jong werknemers wat tussen die nasionale minimumloon en R6 500 per maand verdien, mits alle standaard SARS-belastingnakomingsvereistes nagekom word. See ETI guide & tax resources →
Previous SIC classification
Under the previous South African SIC Edition 5 classification, this activity corresponded to code 81990 – Other financial services. When updating company records or CIPC registration profiles from older systems, map code 81990 directly to SIC 7 code 64990.
Related SIC codes in Division 64
Other official 5-digit subclasses under Division 64 (Financial service activities, except insurance and pension funding):
Related occupations for this industry
Note: These are occupations associated with the broader industry and do not determine a company's official SIC classification.
Business compliance references
SIC classification identifies a business activity for CIPC registration, SARS income tax returns, and sector licensing. Specific tax liabilities, corporate income tax (27%), VAT registration (15% mandatory above R1m turnover), and PAYE brackets depend on the company's legal entity structure and revenue rather than the SIC code itself. View South African tax resources →
Common questions about SIC code 64990
What does SIC code 64990 cover in South Africa?
SIC code 64990 officially classifies establishments primarily engaged in other financial service activities, except insurance and pension funding, n.e.c. under Division 64 (Financial service activities, except insurance and pension funding), Section K in the Statistics South Africa SIC 7 standard.
Which businesses fall under SIC code 64990?
Companies, commercial enterprises, contractors and registered entities whose core operation is other financial service activities, except insurance and pension funding, n.e.c. use this SIC code for CIPC registration and SARS compliance.
Which SETA covers SIC code 64990?
This SIC code is allocated to FASSET, BANKSETA for mandatory skills development levies, Workplace Skills Plans (WSP), and training grants.
Is SIC code 64990 eligible for ETI?
Employers operating under SIC code 64990 are eligible to claim the Employment Tax Incentive (ETI) for qualifying young employees subject to standard SARS criteria.
What was the previous SIC 5 code for 64990?
Under the previous SIC Edition 5 classification, this activity corresponded to code 81990 (Other financial services).
Official sources
This classification data is sourced from official South African government publications:
- Statistics South Africa (Stats SA) – Standard Industrial Classification Edition 7
- South African Revenue Service (SARS) – Income Tax & ETI Guides
- Companies and Intellectual Property Commission (CIPC) – Business Activity Registration
- Department of Higher Education and Training (DHET) – SETA Landscape