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We need a black bank to stop black people from begging - Nonkululeko Gobodo


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.  ....

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