In a historic achievement, an entrepreneur has become the inaugural black woman in South Africa to own a bank. The bank, initially owned by 500 individuals, has seen its shareholder base grow to over 10,000 after successfully raising $1 million. Nthabeleng Likotsi, the visionary behind the Young Women in Business Network, dedicated to empowering black businesswomen, received approval from the South African Reserve Bank to officially register a Mutual Bank.
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