Somizi supports the first bank owned by a South African woman

Somizi supports the first bank owned by a South African woman

Black owned businesses have always gained a soft spot for most of our ZAlebs because it is heartwarming to see black people entering the competitive market. When it is a black woman owned business, it is even more applaudable because of the many obstacles which seek to restrict women from entering male dominated spaces.
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This is the case with Nthabeleng Likotsi, who is the first woman to own a mutual bank in South Africa, called Young Women Business Network (YWBN).


According to IOL, within 72 hours of trading in the market, the bank managed to sell a million shares, amazing right? One of the people who bought shares was media personality Somizi Mhlongo. He has always made it clear that he will always support black people and their businesses, and he is sticking to his word.

Nthabeleng thanked the man who wears many hats for the support and even allowed him to speak at the media briefing. She quoted a very powerful piece from his speech which said “They had to oppress us because they knew what black people can achieve, but our time is now, black child, we have arrived.”

Posting pictures of the two of them she captioned the post with, “Thank you
@somizi for the support at the YWBN Own the Bank Share Scheme media briefing, your words echo like a drum,” she wrote the proceeded to quote him.

Somizi has also proven that he is a philanthropist at heart. The media personality always helps those who seek help on his timeline. Whether it is a businessman who needs to sell stock so they can stay afloat, or whether it is an artist who needs support, or it could be an organisation that seeks funding, he is always there to help.

Just recently, he promised to help school children from Ngqiniko Elementary School in Eastern Cape. “Hey guys I’m looking for someone who can donate school shoes for 42 children in Ngqiniko Primary school in the Eastern Cape please some of them go to school barefoot,” she asked.
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Somizi responded by sayin his team will be in touch.