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Meet Soweto’s budding property mogul whose portfolio has contracts, cash flow - but no bank finance 

BizNewsTv
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A common trait among successful entrepreneurs is their good fortune in having started early. Few, however, kicked off as five year olds - the age at which Nthabiseng Sejake began helping in her mother’s spaza shop and tavern. Sejake honed used skills acquired as a pre-teen to develop B Evolusion, a fast-growing ‘backroom’ renting business in Soweto. She was identified by informal economy guru GG Alcock as epitomising this much misunderstood R20bn area which succeeds despite being starved of capital by SA’s formal banking sector. In this interview with Alec Hogg of BizNews, the budding property mogul shares her story - and dreams - and how, in four years, she has built a portfolio with dozens of quality apartments on three sites in Soweto. An inspirational story of a woman for whom the sky is surely the limit once scales lift from the collective eyes of SA’s financial institutions.

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4 сен 2024

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Комментарии : 35   
@thatosebotsane8017
@thatosebotsane8017 8 месяцев назад
I’m glad this issue with bank finance is getting airtime. Banks in SA will finance liabilities but not assets, it’s been bizarre experiencing this issue as a young black business person.
@thembabucwa8459
@thembabucwa8459 5 месяцев назад
Well done girl for this information We are really facing serious frustration about funding and doing far better than investors in suburbs
@bhekamkhize3422
@bhekamkhize3422 Год назад
Kasinomics, one inspiring book I ever read. It shows he understands the value proposition in the township setting.
@hellonomasonto
@hellonomasonto Год назад
I've been wanting to buy this book forever and ever! I just never get around to it. Now you've given me the push to just go get it.
@hellonomasonto
@hellonomasonto Год назад
Definitely saving this as one of my important videos.
@markmisselhorn2214
@markmisselhorn2214 Год назад
Great interview. Great subject. So relevant and important but also so neglected and misunderstood.
@peacefulrakoma4068
@peacefulrakoma4068 Год назад
This video is for us, but it also exposes how the capitalist mindset should be cultivated in the townships. We should be the captains of industry in markets that were developed by us
@Supastallsta
@Supastallsta 9 месяцев назад
This is golden info. Thanks to the host and guests.
@tobilendebele3444
@tobilendebele3444 Год назад
priceless insights. Please keep up with the interviews.Inspiring future leaders
@BoituS93
@BoituS93 Месяц назад
🎉Great video. Welldone Nthabiseng
@lebelomoiloa3630
@lebelomoiloa3630 5 месяцев назад
Wow, this very informative. I'm willing to use this business model in Lesotho. Damn!!!! Thank you very much.
@palesa_elisa
@palesa_elisa 6 месяцев назад
Love this 👌
@mokhokhobamoloi
@mokhokhobamoloi Год назад
Inspirational
@stlouisix3
@stlouisix3 Год назад
Gg Alcock is an epic capitalist 🤝👍🏻👍🏻👍🏻
@hopesdreamsentertainment5678
Great moves... ❤❤❤.
@ingenesiawheeler3692
@ingenesiawheeler3692 Год назад
That GG for you , ❤
@monkisethojane2218
@monkisethojane2218 Месяц назад
Loved this episode good work
@viveknaidoo129
@viveknaidoo129 Год назад
Great interview.
@ludumohempe7383
@ludumohempe7383 8 месяцев назад
Did you buy the property in your personal name or Property Trust,I have been in real estate for about a10 years now as an agent(Property consultant) and some knowledge in the field. I want to start with flipping at the moment
@mathielankululeko6574
@mathielankululeko6574 Год назад
It doesn't end with Building Plans..it involves Town Planning approval as well which mostly will require Rezoning application which can be a 6 months process,
@stephensam9260
@stephensam9260 Год назад
Which is why she is turning 3 bedroom house to 6 bedrooms for time being. After all those processes she will be able to build whole huge building.
@hellonomasonto
@hellonomasonto Год назад
Thanks for this great insight.
@letlhogonolokgasi6225
@letlhogonolokgasi6225 9 месяцев назад
Wow...what an inspiration. 👊
@RaiseTheBarSA
@RaiseTheBarSA Год назад
R140k less bonds, less services et cetera would obviously leave a huge amount spare per month. Paying off bonds with excess will be a quick turnaround to generate security to receive financing for new projects. What am I missing in this interview? Granted starting from scratch an impossible feat for a person, but a successful model already generating a substantial monthly income can recreate this model by themselves.
@Happy_Thebe
@Happy_Thebe 9 месяцев назад
How can i get hold of Nthabiseng kindly share her social media pages
@maqhaweluvuno3496
@maqhaweluvuno3496 Год назад
Shout out to GG. Give that man a Bells.
@MrDatsun120y
@MrDatsun120y Год назад
Well said!!!
@lebogangmokoenalebza6949
@lebogangmokoenalebza6949 Год назад
Invite the big banks to the townships will be a big mistake ever made keep them way . the rise of the township economy should benefit the locals in mpumalanga some townships are now way above the so called suburb areas .
@julietpitso2910
@julietpitso2910 Год назад
I hope she's up to date with Sars
@shelleyannwalters2375
@shelleyannwalters2375 Год назад
Why would you doubt that she is? This woman raised capital for a business, I am pretty sure she has sought out an accountant.
@nomalungiselelocynthiambot2226
My only concern is that she is not a fronting ....hopefully not ... she is a very intelligent lady
@vicioussharks82
@vicioussharks82 Месяц назад
Technically just doesn't have to declare any income to sars untill she makes a million rand profit at which point she can another entity and repeat. SARS is cancer if you know where m going
@TheShongwes
@TheShongwes Год назад
Banks are missing a sirious business but not being progressive
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