Meet the brave Basani Maluleke, CEO at 'new and improved' African Bank
I’m a lot less grumpy [about being called ‘the first black woman to lead a South African bank’]… It makes me walk a little bit taller… I’ve had to learn how to rise to the occasion…Basani Maluleke, African Bank
There is this idea that bank charges are exorbitant, and that it’s difficult to understand them… We are the young challenger [to Capitec Bank]… What will differentiate us is the banking experience… It’s really cool that there is all this competition…Basani Maluleke, African Bank
There’s a lot of talk about needing a black bank… I’m not entirely sure what people mean when they say that… What I would like to leave as my legacy is a bank that really is a bank for the people… We must be perceived as the bank that helps people build wealth… The key is that you don’t end up exploiting people…Basani Maluleke, African Bank
African Bank CEO Basani Maluleke is nothing if not bold.
Returning the fallen bank to sustained profitability.
Under her lead African Bank is transforming from being, in the main, a micro-lender into a full-fledged transactional bank, offering better interest rates than its peers.
Maluleke has law degree from the University of Cape Town as well as an MBA from the Kellogg School of Management.
She has more than a decade of experience in financial services.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
It was child labour! My family owns a number of grocery shops… I started off packing shelves… We didn’t have vacation. My father’s view was you’ll rest when you’re dead…Basani Maluleke, African Bank
I’ve had amazing mentors; they were all men… Maybe I have a lot more testosterone than I should!Basani Maluleke, African Bank
Your wealth doesn’t have to define you...Basani Maluleke, African Bank
You realise how expensive it is to be poor… This morning you would’ve heard about the bus strike… I drive to work every morning… The wealthier you are the less you pay… I worry about it a lot…Basani Maluleke, African Bank
We definitely have aspirations of listing… I hope you will invest!Basani Maluleke, African Bank
We do have a very loyal customer base…Basani Maluleke, African Bank
I love to read… I love to spend time with my family…Basani Maluleke, African Bank
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
'The pandemic is an opportunity for innovation'. Natascha Viljoen shares her life story and beliefs on The Money Show.Read More
Personalised one-on-one healthcare is the answer to the problems diabetics face says Guidepost CEO, Graham Rowe.Read More
Marc Lubner on the NGO's programmes for young South Africans and how working with Nelson Mandela inspired his life's work.Read More
The Money Show's Bruce Whitfield interviews Eskom interim chair and Health Ombud, Prof. Malegapuru Makgoba.Read More
Former Springbok Bryan Habana about where he is at this point of his career.Read More
The Money Show’s Bruce Whitfield interviews Solidarity Fund Chairperson Gloria Serobe.Read More
Technological advancements have made it possible for new banks to operate and flourish.Read More
The Money Show’s Bruce Whitfield asks Bushveld Minerals founder Fortune Mojapelo to share his success story.Read More
Launched in 2016, The Duchess has won numerous awards and successfully broke into the UK, Belgium and the Scandinavian countries.Read More
Lulaway has placed 30 000 young South Africans in jobs since 2011. Bruce Whitfield interviews its CEO, Jake Willis.Read More