Iconic African bank founder and ‘father of black business’ passes away

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Iconic African bank founder and ‘father of black business’ passes away
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Dr Samuel Motsuenyane, a founding member of the NAFCOC and known as the 'Father of Black Business,' died at 97.

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The father of Black Business, Dr Samuel Motsuenyane, has passed away. The SABC has confirmed that Motsuenyane died Monday afternoon. He was 97.Dr. Samuel Motsuenyane, a founding member of Nafcoc and a key figure in establishing the African Bank, has died at 97.

In 1964, Motsuenyane co-founded Nafcoc with the vision of becoming South Africa’s foremost business advocate. Ramaphosa highlighted Motsuenyane’s recognition as an Esteemed Member of the National Order of the Baobab , acknowledging his outstanding personal accomplishments and his influential role in advancing the growth of black-owned enterprises and economic empowerment.

“His philosophy of self-sufficiency is today entrenched in the constitutional right each of us enjoys to freely choose our trade, occupation or profession and in the socio-economic rights that our Constitution safeguards.

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African Bank founder and ‘Father of Black Business’ diesAfrican Bank founder and ‘Father of Black Business’ diesDr Samuel Motsuenyane, a Nafcoc founding member and an instrumental player in African Bank’s formation, has passed away.
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