Wednesday, 8 November 2017

Andile Mazwai to headline conference on blacks and banking

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 Wits University 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 Makhene.  

-Content supplied by KCB 

Moeketsi Nchoba is available to do interviews and can be reached at:

Mobile Phone: 0829408575


Alternative contact is Sibonelo Radebe:

Mobile Phone: 0823391121


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