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Nthabeleng Likotsi is a South African accountant, entrepreneur, businesswoman, and community leader, who serves as the chairperson of the Young Women in Business Network(YWBN) and Managing Director of the YWBN Co-operative Financial Institution which is a majority female-owned and female-led financial institution. The self-made South African entrepreneur is currently hailed as the new rising star of the women entrepreneurship agenda by being the first woman and youngest in the world to establish a Mutual Bank that promotes inclusive development and growth in the country and across the continent. She is an assertive, tenacious team leader and player dedicated to the economic empowerment of WOMEN. Ms. Likotsi has steered YWBN CFI into great success, a formation conceived of an idea to realise the objective of making basic financial services more accessible to unbanked and underbanked consumers by minimising time and distance to the nearest bank retail branch as well as reduced banking and transaction-related costs through mobile digital technology.

Background and education

She was born in Botshabelo, Free State Province, in South Africa circa 1984. She holds a master's degree in Entrepreneurship from the University of the Witwatersrand, and a Certificate in Entrepreneurship, from the Wits Business School. She also has a postgraduate certificate in accounting, obtained from the University of Johannesburg.

Career

Likotsi started the YWBN, along with nine other board members, in 2009. The company is managed by women from different professions and industries, with a common goal of economic empowerment of women entrepreneurs and professionals. Since 2016, Likotsi has been working to transform YWBN Cooperative Bank into YWBN Mutual Bank. Besides capital requirements in the range of R10 to R15 million (US$740,000 to US$1,120,000), one needs business premises, operating capital and trained staff. On Friday, 15 June 2018, the Reserve Bank of South Africa accepted an application from YWBN to convert the Cooperative Bank into a Mutual Bank.

Other achievements

In 2013, she received the 2013/2014 Women Leadership Award at the third Africa-India Partnership Summit. She also serves as an independent non-executive director of various companies, including Apex Valves Private Limited and Ubuntu Plastics Private Limited.

See also

• List of banks in South Africa

References

1. Skade, Thandi (20 November 2016). "Nthabeleng Lekotsi on SA's first women-led co-operative bank". Bryanston, South Africa: Destinyman.com. Archived from the original on 25 June 2018. Retrieved 24 June 2018.
2. ^ Kiunguyu, Kylie (18 June 2018). "South Africa: Meet Nthabeleng Likotsi, the Woman Set to Become South Africa's First Black Female Bank Owner". Johannesburg: This is Africa via AllAfrica.com. Retrieved 19 June 2018.
3. ^ YWBN (2018). "About Young Women in Business Network". Young Women in Business Network (YWBN). Edenvale, Gauteng, South Africa. Retrieved 10 December 2021.
4. ^ Masuabi, Queenin (14 June 2018). "Meet The Entrepreneur Keen To Launch SA's First Black Female-Owned Bank". The Huffington Post South Africa. Johabnnesburg. Archived from the original on 25 June 2018. Retrieved 24 June 2018.
5. ^ eNCA (28 April 2016). "How one Ekurhuleni businesswoman started a bank, stokvel-style". Johannesburg: eNCA. Retrieved 24 June 2018.

External links

• Website of Young Women Business Network
• Nthabeleng Likotsi to become first female bank owner in South Africa

• Living people
• 1985 births
• 21st-century South African businesswomen
• 21st-century South African businesspeople
• South African accountants
• South African women accountants
• University of Johannesburg alumni
• University of the Witwatersrand alumni