Aug 22, 2023 2 Min Read
Basani Maluleke is a banker, gender rights and social justice advocate, and the Rainbow Nation's first black female bank president.
Basani Maluleke was ready to take on the world of finance after earning an MBA from Kellogg. And she did it with ease, rising through the ranks of several banking institutions before landing at Capiteec.
Basani Maluleke has managed to keep many aspects of her life private, including the identity of her husband. She is thought to have married and had children. She wouldn't volunteer the specifics.
Basani Maluleke Siblings
Basani Maluleke comes from a family of four accomplished children. She has two brothers and two sisters.
Tsakani Maluleke, a chartered accountant and South African auditor general, is one of her sisters. According to a recent World Bank report, she is one of only two truly independent auditors general in the world.
Basani Maluleke's passion for education has never been hidden. She has a master of business administration (MBA) from Kellogg Business School, making her one of the most qualified bankers available.
Basani Maluleke's father raised his children in Soshanguve before moving them to Johannesburg. Basani Maluleke's parents were retailers, and the young Basani would occasionally stop by to assist them.
George Maluleke went on to become a lawyer and an inspiration to his daughter Basani, who said in an interview that she got her work ethic from him.
Basani Maluleke held several key finance positions in South Africa prior to joining Capitec Bank. She was the first black CEO of an African bank in South Africa. In January, she resigned from her position.
Her resignation sparked outrage at the time, with many describing it as a significant loss for women. In retrospect, it wasn't exactly a significant loss, as Basani Maluleke landed another prestigious position at Capitec, which she described as "the best bank in Mzansi."
While working at the African Bank, she and her colleagues saw Capitec as a major threat and the bank to beat. She believes that Capitec is the bank that all other South African banks should strive to emulate.
Basani Maluleke is thrilled to be at Capitec, which she describes as "full of like-minded people." She praised Capitec's performance over the last two decades, as well as the bank's goal of becoming the best in the world.
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