National African Federated Chamber Of Commerce
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National African Federated Chamber Of Commerce
The National African Federated Chamber of Commerce is a South African member body formed in 1964, which focused on the upliftment of black business people during Apartheid. It claims a membership of several hundred thousand and controls substantial investment funds. Background It was formed in Johannesburg in 1964 to promote black entrepreneurship and businesses. Its origins are from a 1955 organisation, the African Chamber of Commerce. It was restructured a national organisation in 1969 with regional branches. Its founding president was the highly venerated late businessman, Richard Maponya. Prominent businessman, Patrice Motsepe Patrice Tlhopane Motsepe (born 28 January 1962) is a South African mining billionaire businessman. Since 12 March 2021, he has been serving as the President of the Confederation of African Football. He is the founder and executive chairman of ... is a former president, with the presidency currently (2020) occupied by prominent businessman Sabelo Mac ...
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Apartheid
Apartheid (, especially South African English: , ; , "aparthood") was a system of institutionalised racial segregation that existed in South Africa and South West Africa (now Namibia) from 1948 to the early 1990s. Apartheid was characterised by an authoritarian political culture based on ''baasskap'' (boss-hood or boss-ship), which ensured that South Africa was dominated politically, socially, and economically by the nation's minority white population. According to this system of social stratification, white citizens had the highest status, followed by Indians and Coloureds, then black Africans. The economic legacy and social effects of apartheid continue to the present day. Broadly speaking, apartheid was delineated into ''petty apartheid'', which entailed the segregation of public facilities and social events, and ''grand apartheid'', which dictated housing and employment opportunities by race. The first apartheid law was the Prohibition of Mixed Marriages ...
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Richard Maponya
Richard John Pelwana Maponya, GCOB, (24 December 1920 – 6 January 2020) was a South African entrepreneur and property developer best known for building a business empire despite the restrictions of apartheid and his determination to see the Soweto township develop economically. Early career Born in Maponya Hill north of Limpopo, attended his primary school in Spitzkop and went to complete his Matric in Ga- Mamabolo. At the age of 24, during World War II,zwtetetUp from apartheid, Soweto millionaire a role model - AP/ref> he moved to Alexandra township in Johannesburg to take up a teaching post. When he got to Joburg, he met his relative who told him there is a Department Store in Johannesburg CBD that is looking for a well educated black South African. He then took a job as a merchandiser in a department store. After three months into the job, he got promoted as a buyer for the store. He worked closely with his white manager in selecting clothes for black consumers. The clot ...
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Patrice Motsepe
Patrice Tlhopane Motsepe (born 28 January 1962) is a South African mining billionaire businessman. Since 12 March 2021, he has been serving as the President of the Confederation of African Football. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He sits on several company boards, including being the non-executive chairman of Harmony Gold, the world's 12th largest gold mining company, and the deputy chairman of Sanlam. In 2012, Motsepe was named South Africa's richest man, topping the Sunday Times' annual Rich List with an estimated fortune of R20.07 billion ($1 billion). In 2003, he became the owner of football club Mamelodi Sundowns. In 2013, he joined The Giving Pledge, committing to give half of his wealth to charitable causes. Early life and education Patrice Motsepe was born to Kgosi Augustine Motsepe, a chief of the Mmakau branch of the Tswana people, who had previously bee ...
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Sabelo Macingwane
Sabelo is a South African given name that may refer to: *Sabelo Mlangeni (born 1980), South African photographer *Sabelo J. Ndlovu-Gatsheni, Professor and Chair of Epistemologies of the Global South *Sabelo Ndzinisa (born 1991), Swazi football player *Sabelo Nhlapo (born 1988), South African rugby union player *Sabelo Stanley Ntwasa, a priest in the South African Anglican Church *Sabelo Nyembe, (born 1991) South African football player *Sabelo Phama Sabelo is a South African given name that may refer to: *Sabelo Mlangeni (born 1980), South African photographer * Sabelo J. Ndlovu-Gatsheni, Professor and Chair of Epistemologies of the Global South *Sabelo Ndzinisa (born 1991), Swazi football play ..., (1949–1994) South African revolutionary * Sabelo Radebe (born 2000), South African soccer player {{given name ...
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