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
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
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
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
Email: mnchoba@gmail.com
Alternative contact is Sibonelo Radebe:
Mobile Phone: 0823391121
Email: radebe.sibonelo@gmail.com
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