Elvira Wood the high barriers to entry in the banking sector . 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.