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Elvira Wood
the high barriers to entry in the banking sector
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She says South Africa needs leadership that will finally dissect the current economic structure that makes black people feel like unwelcome visitors in big corporates and when they walk into a bank to ask for help.
She reckons South Africa s banking sector can t behave like it s operating in a first-world country.
As long as the South African Reserve Bank keeps its stringent requirements to apply for a bank licence in place, most black people will remain beggars, says South Africa s first black female CA, Nonkululeko Gobodo.
Speaking at the Black Business Council s summit on Wednesday, Gobodo said she respects the Reserve Bank, but the high barriers to entry it has put in place for new banking entrants was a very sad issue.
New blood for Shoprite board
By Dineo Faku
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SHOPRITE, Africaâs retail giant, has appointed veteran chartered accountants and board members to serve as independent non-executive directors.
The group said yesterday that Nonkululeko Gobodo and Linda de Beer would serve as members of the groupâs audit and risk committee.
The appointments, effective May 11, followed the appointment of Wendy Lucas-Bull as Shopriteâs chairperson last November.
Gobodo had an affinity with Shopriteâs culture of respect and being customer-centric.
âThis is a great opportunity for me to work with a group that has been going through major innovations in the last few years, doing exciting things that are changing the experience of its customers,â Gobodo said.
Nonkululeko Gobodo enters a new chapter in her life aimed at driving racial inclusion. Foto: Elvira Wood
As someone who has been part of the South African corporate sector for nearly four decades, Nonkululeko Gobodo has witnessed the good, the bad, and the ugly of the business world.
The professional career of the trailblazing accountant-turned-entrepreneur has taken her from Umthatha to the boards of some of the country s top blue-chip companies.
It s also a journey that has taken her from the days of racial segregation of the apartheid era, when she was lauded as the first black woman to qualify as a chartered accountant in 1987.