High standards, hard work and expertise
PROFILE: Basani Maluleke: first black woman to head SA bank
CEO designate of African Bank has enviable experience, and a plan to drag the institution to profitability
At the age of just 40, Basani Maluleke has trained as an accountant, worked as a lawyer and tried her hand at investment banking, private banking and private equity. Somewhere along the line she found time to study for an MBA at the Kellogg School in Chicago and for the first part of the chartered financial analysts qualification. In March next year she starts the next chapter in her life, when she takes over from Brian Riley as CEO of African Bank. Maluleke says her family acquired a work ethic from her father, Judge George Maluleke, who died in August. As children they were often expected to work as cashiers and pack bags. "He was the centre of our lives and brought strength and joy." As a student, Maluleke’s vac work included time spent working on an audit for BMW. "I knew that if I didn’t enjoy auditing such an interesting company in such a fun sector, I would never enjoy auditing." She didn’t enjoy her spell at lawyers Edward Nathan Sonnenbergs much more, but the combined exper...