Robben Island to Wall Street

51

The African Bank

0\ ¿UVW WDVN ZDV WR LPSURYH VWD൵ PRUDOH UHGXFH DFFXPXODWHG ORVVHV HPDQDWLQJ ODUJHO\ IURP SRRU TXDOLW\ DVVHWV DQG WR UHSRVLWLRQ WKH EDQN DV D FUHGLEOH LQVWLWXWLRQ LQ WKH PDUNHWSODFH )DFHG ZLWK VXFK HQRUPRXV RGGV DQG PHDJUH UHVRXUFHV RXU WHDP HPEDUNHG RQ DQ H൵HFWLYH DQG VXVWDLQHG LPDJH YHUVXV SURGXFW PDUNHWLQJ FDPSDLJQ 2SHUDWLQJ RQ D OLPLWHG SURPRWLRQV DQG DGYHUWLVLQJ EXGJHW ZH WDUJHWHG ODUJH FRUSRUDWHV ZKR ZHUH D VWDELOLVLQJ LQÀXHQFH LQ WKH EDQN¶V FOLHQW EDVH DQG VHFRQGO\ WKH $IULFDQ FRPPXQLW\ IRU ZKRP WKH EDQN ZDV FUHDWHG 5HDOLVLQJ WKDW , ZDV WR WDNH FKDUJH SHUVRQDOO\ RI WKH EDQN¶V PDUNHWLQJ FDPSDLJQ , PRYHG VZLIWO\ WR DSSRLQW D WHDP RI RXU VWURQJHVW PDQDJHUV WR KHDG XS WKH VWUDWHJLF VWUHDPV %\ WKDW WLPH ZH KDG DSSRLQWHG VHYHUDO VWUHHW ZLVH R൶FHUV VXFK DV =XNR 5ZD[D DQ H[SHUW LQ 6PDOO DQG 0HGLXP (QWHUSULVH EXVLQHVV GHYHORSPHQW -RH 0RGLEDQH D 5XWJHUV 0%$ZLWK H[FHOOHQW ¿QDQFH FUHGHQWLDOV DQG -RKQ %ORRP¿HOG D &DQDGLDQ &DPEULGJH HGXFDWHG VRFLDO HQJLQHHU ZKR VSHQW KLV OLIH LQ WKH WRZQVKLSV , KDG LGHQWL¿HG VRPH PDMRU VWUXFWXUDO À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¶V RZQ JXW IHHOLQJ DQG , KDG VHQVHG D JURZLQJ VHQVH RI LGHQWL¿FDWLRQ ZLWK RXU H൵RUWV WR UHEXLOG WKH EDQN IURP RXU FRPPXQLWLHV ,Q DGGLWLRQ ZH UHFRJQLVHG WKH QHHG WR VHUYH WKHVH JURZWK PDUNHWV E\ FUDIWLQJ WDLORU PDGH SDFNDJHV WR VXLW WKHLU QHHGV =XNR H[FHOOHG DW WKLV DQG PHDVXUDEOH SURJUHVV ZDV PDGH ,Q DGGLWLRQ WR KLV NH\ UHVSRQVLELOLWLHV RI GHEW UHFRYHU\ -RH 0RGLEDQH ZDV DOVR WDVNHG ZLWK UHKDELOLWDWLQJ WKH EDQN¶V DVVHW DQG OLDELOLW\ PDQDJHPHQW V\VWHP ZKLFK ZDV LQ D FKDRWLF VWDWH 7KH ODWWHU ZDV DQ DSSURDFK IRU RYHUDOO EDODQFH VKHHW PDQDJHPHQW WKDW FDPH LQWR FRPPRQ XVH E\ EDQNV DV D UHVXOW RI WKH KLJK LQWHUHVW UDWH VFHQDULR WKDW SUHYDLOHG GXULQJ WKH ODWH V DQG SDUWV RI WKH V /HDUQLQJ IURP WKH EHVW P\ PHQWRU &KULV %DOO , KDG DOVR DSSRLQWHG /RQQLH 0DPDWHOD DV P\ ([HFXWLYH $VVLVWDQW DQG GHOHJDWHG PRVW RI WKH URXWLQH WDVNV LQ P\ R൶FH WR KLP /RQQLH KDG WR OHDUQ IDVW DQG OHIW RQO\ WKH PRUH FULWLFDO GHFLVLRQV WR PH DQG WKH H[SHULHQFHG VHQLRU PDQDJHPHQW 7KH VWUDWHJ\ ZRUNHG ZHOO P\ HDV\ VW\OH KDG PDGH PH IULHQGV LQ WKH PHGLD DQG WKLV PHDQW WKH EDQN UHFHLYHG UHJXODU DQG IDYRXUDEOH FRYHUDJH 7KH FDPSDLJQ DOORZHG XV LQ D VKRUW SHULRG WR UHSRVLWLRQ WKH EDQN DV WKH EDQN RI FKRLFH IRU WKH OHVV SULYLOHJHG $PRQJ WKH FRPPXQLW\ SURMHFWV LQLWLDWHG ZDV WKH 0SKR DQG 0SKRQ\DQH 6LDPHVH 7ZLQV 7UXVW )XQG MRLQWO\ VSRQVRUHG E\ WKH EDQN DQG The Sowetan QHZVSDSHU WKH ODXQFKLQJ SDG IRU 6NRWDYLOOH 3XEOLVKHUV ZKLFK EHFDPH WKH FRXQWU\¶V ¿UVW YLVLEOH SXEOLVKLQJ KRXVH DQG D FORVH DVVRFLDWLRQ ZLWK WKH Seriti sa Sechaba 3URMHFW D KLJK

Made with FlippingBook - Online catalogs