According to a 2019 report by one of the large banks in South Africa, few fintechs manage to secure start-up capital, with the general sentiment indicating that funding seems to be readily, but not openly, available. More broadly speaking, SMMEs also operate in a mostly informal, invisible and cash-based economy.
Not only as members of this organization, but in our own everyday lives as well, we as central bankers should spare no effort in self-management to uphold our dignity. We should also take the lead in showing consideration for the socially disadvantaged, while strengthening our community service activities as well.