Businesswoman Nthabeleng Likotsi has thanked Idols SA judge Somizi Mhlongo after bought shares in a black-owned bank, YWBN Own The Bank!
“Thank you @somizi for the support at the YWBN Own the Bank Share Scheme media briefing, your words echo like a drum “they had to oppress us because they knew what black people can achieve, but our time is now black child, we have arrived” To buy shares ,” said Nthabeleng Likotsi. ownthebank.co.za
Young Women in Business Network (YWBN) Own The Bank is a Broad-Based Black Economic Empowerment (B-BBEE) association seeking to economically empower Women and Men in South Africa, through networking, business development, and investment initiatives. YWBN is owned, controlled, and managed by women for women from various professions, businesses, and industries and dedicated to the economic empowerment of Wo(men). We are active young businesswomen with entrepreneurial flair who are innovation-focused, resilient, and results-driven.
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Why YWBN Own The Bank Exists?
South Africa has one of the highest unemployment rates in the world. While studies show that the future of employment and economic growth is dependent on SMMEs, particularly those based in the township and rural dwelling where 90% of new jobs can be created, thousand of innovative business fail to emerge with many forced to close shop due largely to lack of access to financing to keep businesses afloat.
“Meanwhile, financing of SMMEs has been an issue for many years and has held back the ambitions of entrepreneurs, particularly black entrepreneurs in townships and rural areas, resulting in job losses, trapping millions in poverty and contributing to stark inequalities that persist more than two decades after the end of apartheid in 1994,” says YWBN Own The Bank.
In terms of filling the gap in the financial sector, YWBN Own The Bank says: “In order for the country to progress towards sustainable and inclusive economic growth; it needs a strong financial institution dedicated towards implementation of reforms in economic sectors that have the greatest potential to grow and create much-needed jobs; build an economy in which the majority of South Africans could have a meaningful stake and benefit from; open up markets for new emerging enterprises and thus reverse economic inequalities.”
You can also buy your shares or click [HERE] for other offers by YWBN Own The Bank.