Besides, the adoption of ICT solutions that are essential for accessing mainstream payments system requires larger investments and these often prove to be too onerous for small entities and render them uncompetitive. We have encouraged merger of non viable entities and growth of banks that meet regulatory requirements.
The Bank has been able to steer a fairly stable ship through the sometimes turbulent waters of transformation. On average, in the last 7 years, promotions have included about 58 per cent Blacks and about 45 per cent females. The Bank consults with its employees on all its employment equity and skills development issues through our democratically-elected Employment Equity Consultative Body (EECB).