South Africa needs more Black Owned Banks. Everyone wants a bank that provides Cash, Convenience, and Community as banking services. Most banks achieve the first two and are very hazy on the Community part as that creates a relational complexity – emotional banking.
In March 2020, I was privileged to empower twenty-one small businesses in Klerksdorp, North West, a small mixed town – agriculture, mining, and manufacturing. As we went through the week of Digital Marketing training, I realised these twenty-one business owners, including a few family members and friends, each have enough capital to start a Community Bank with 200 members, and R100,000 capital – that is the beginning of a black economy.
Download this August 2020 Issue below.
