The Black Business Council says such a bank would make loans for the SMME sector easier to create jobs, particularly in rural areas and townships.
The Black Business Council yesterday unveiled plans to establish a black-owned bank to empower the small, medium and micro enterprise sector, as a solution to a stagnant economy and a high unemployment figure.
The BBC summit saw black business leaders Patrice Motsepe, Sabelo Macingwane, Motsepe Matlala; politicians Paul Mashatile, Mmusi Maimane, Floyd Shivambu, Lindiwe Zulu, Pravin Gordhan, Stella Ndabeni-Abrahams, Maite Nkoana-Mashabane, David Makhura and academic Tshilidzi Marwala among those who shared views on how to take the economy out of sluggishness.
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