Andile Mazwai to headline conference on blacks and banking
Posted by Editor
Rebosis CEO Andile Mazwai will this week
headline a banking conference titled the Banking for Liberation Symposium.
Organisers say black professionals from all over the
country will gather in Johannesburg
to consider one critical question:How to bank for liberation?
As an extension to that question they will
be asking another critical question: What will it take, to realise the long-lost
ambition of establishing a black bank in South Africa and what role should
this type of a bank come to play?
The gathering occurs under the banner of
KCB (on path to become Khanya Cooperative Bank). The open event will take place
on November 11 at WitsUniversity from 8:30 am
to 12:00 pm.
The symposium is styled as a recurring
annual event designed to set the national tone on the subject of financial
inclusion and banking sector transformation. KCB steering committee member Moeketsi Nchoba said the
organisation is onto the best formula to realise the black bank ideal.
“The best chance of realising the black
bank ambition does not live inside the big bang Black Economic Empowerment
(BEE) theories,” says Nchoba.
He adds that a black-owned bank is most
likely to emerge from the unglamorous toils of ordinary black folk who organise
themselves to save money through financial cooperatives or Stokvel type
entities. In fact, a number of potential black banks of the future are already
in the making via the financial cooperative path. KCB is one such entity.
With a membership base of about 150 people,
the KCB event is open to non-members.
Other confirmed speakers include prominent BEE consultant
and analyst Duma Gqubule and Funda Community College executive director Motsumi
-Content supplied by KCB
Moeketsi Nchoba is available to do interviews and can be reached at: