Business tycoon Dr Richard Maponya to share his entrepreneurial journey

MaponyaTouted as “the father of black retail,” Dr Richard Maponya is one of South Africa’s greatest entrepreneurs who built his fortune pre-democracy. The business tycoon will be giving a speech at the Regenesys Business School Sandton campus on July 16.

With “Applied Entrepreneurship – The Maponya Way” Dr Richard Maponya will share the story about his entrepreneurial journey, from humble beginnings to the hugely successful businessman he is today.
Awarded the Order of the Baobab by the government, Dr Maponya is recognised for “his excellent contribution to entrepreneurship despite oppressive apartheid conditions, and for serving as an inspiration to disadvantaged South Africans striving for business success”.
He will be talking about entrepreneurs today vis-à-vis then, the need to diversify, the dynamics of a family business and the Dr Richard Maponya Institute for Skills and Entrepreneurship Development.

About Dr Maponya: He had tea with Queen Elizabeth, entertained the Oppenheimers, been on first name terms with Bill Clinton before he became President of the US, and says the businessperson who has impressed him most is Raymond Ackerman.

A teacher by training, Maponya started working in the 1950s at a clothing company buying material. His white manager gave him soiled clothing and cloth samples, which he sold in his spare time, allowing him to build up capital.

While living in Soweto, he got a licence to sell foodstuffs, which were to form the kernel of his fortune. He became a member of Johannesburg African Chamber of Commerce and later its president. In the early ‘60s, the Johannesburg African Chamber of Commerce under Maponya initiated the drive to unite small businesspeople nationally. This led to the formation of the National African Chamber of Commerce (NACOC), which evolved into the formidable National African Federated Chamber of Commerce (NAFCOC).

Among his many businesses – he has run a dairy, several car dealerships, a bottling plant, owns prizewinning racehorses and turned to property development. Maponya’s largest visible achievement is the 65 000 m2 Maponya Mall in Soweto.

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Date(s) - Thursday, July 16, 2015
6:00 pm - 7:30 pm

Regenesys Business School

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