Vusi Thembekwayo Biography
Vusi Thembekwayo was born on 21st March 1985 in Benoni, Gauteng, South Africa. He is a South African Entrepreneur, Global Keynote speaker and venture capitalist.
Vusi Thembekwayo Age
He was born on 21st March 1985 . He is 33 years old as of 2018.
Vusi Thembekwayo Wife
Though he prefers to keep the name of her wife private, he atleast confirmed that he has a wife whom he wedded in 2009. He has also been blessed with a son.
Vusi Thembekwayo Education Background
2015 – 2017: Executive MBA (Dean’s List), Business/ Managerial Economics from Ashridge Executive Education, Hult International Business School.
2010 – 2012: Corporate Finance (emphasis on Advanced Valuation),Financial Modelling and Valuations (Cum Laude) from INSEAD
2010 – 2011: Post Graduate Diploma in Business Administration, Post Graduate of Business Administration from Gordon Institute of Business Science.
2008 – 2009: Management Advanced Programme (Cum Laude), Commerce from the University of the Witwatersrand.
Vusi Thembekwayo Career
At the age of seventeen he was already ranked first in Africa for public speaking and went on to receive third place in the world at the English Speaking Union International Competition. He delivered his first professional talk in 2002.
At the age of 22 he was offered a position at a corporate finance company, he refined his skills in corporate finance.
Vusi Thembekwayo Profesional Positions
April 2014 – Present: Chief Executive Officer of My Growth Fund.
March 2013 – July 2014: Non Executive Director of RBA Holdings Limited.
July 2009 – Present: Managing Partner at Watermark Afrika Fund.
March 2007 – December 2010: Director: New Markets and Structured Income at Metcash.
January 2004 – December 2007: Executive Director at Uciko Capital and Advisory Limited.
July 2002 – Present: Global Business Speaker, MOTIV8 Merchant Services.
Vusi Thembekwayo Awards
Worlds Best Speaker, English Speaking Union
Vusi Thembekwayo’s Achievements
- 2015 – Top 12 International Speaker. Meetingsnet Editors 2015 top 12 international speaker award.
- 2015 – Founded Iconoclast. A boutique, specialist public speaker representation management agency.
- 2014 – Founded My Growth Fund. My Growth Fund supports business people as they start, build and grow their businesses by providing expert advice and implementation support across various disciplines. Closed round 1 of the venture capital fund.
- 2014 – Dragon On Dragon’s Den Africa. Starred as a Dragon investor on the African edition of the popular reality TV series, Dragon’s Den.
- 2014 – Joined NSA NY. Qualified to join the National Speakers Association of New York.
- 2014 – Founded the Inspiration Project. A tech enabled narrative lab reshaping the story of Africa.
- 2013 – Founded Motiv8. A specialist consulting and services agency of which Vusi serves as the Managing Director.
- 2013 – Appointed Non-Executive Director RBA Holdings LTD. Appointed Non-Executive Director RBA Holdings Ltd.
- 2013 – Invited Speaker at the World Bank. Only African speaker to speak by Invitation at the World Bank.
- 2012 – Funded & Co-Founded Speakers Bootcamp. Speakers Bootcamp is for anyone looking to improve and master their public speaking ability.
- 2011 – Co-Founded Watermark Capital Partners. A private equity firm focusing on mature, high-growth, medium sized businesses looking for new opportunities across South, East and West African markets. Vusi serves as the Executive Chairman.
- 2011 – Entrepreneur of the Year, Finalist. Black Business Quarterly
- 2010 – New Business Division, Metcash Group. Successfully turned the New Business Division of Metcash Group into an R461million a year turnover business (highest EDITDA before tax) in the group.
- 2010 – Appointed Director of Metcash Group. The youngest director of a multi-national business (Metcash Group) turning over R17bn a year, where he served on the operations board.
- 2009 – Distinction With Cum Laude – Wits Business School, top 3 student
Vusi Thembekwayo Photo
Vusi Thembekwayo Contact Details
Tel: +27 11 312 7551
Fax: +27 865 139 251
Post: PO Box 32613, Kyalami, 1684
Vusi Thembekwayo Net Worth
He has an estimated net worth of $550 million.
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Vusi Thembekwayo News
South Africa’s Vusi Thembekwayo in drive to incubate more black-owned businesses.
Updated on: 23 August 2018.
South African business mogul and global speaker, Vusi Thembekwayo is on a mission to incubate and launch 300 black-owned businesses by 2030.
Through his My Growth Fund, an enterprise development initiative, Thembekwayo has invested 5 million rand to try and fill a gap in entrepreneurship where he says black people are disadvantaged.
The end of apartheid in 1994 came with promises of better housing, health and education for millions of blacks shut out during decades of repressive white minority rule, but two decades later, poverty persists.
South Africa’s unemployment rate is 26.7 percent. Among black South Africans, the majority population, unemployment is made worse by racial inequalities and stands at 32 percent.
In most parts of the continent, Africans become entrepreneurs just as a means of survival, rather than because they have identified specific opportunities to exploit.
Thembekwayo wants to help develop high-growth potential businesses that can add more value to the entrepreneurship space.
“We have designed a program, every single year we have an intake of businesses and we know the intake of businesses, type of businesses, size, scale, opportunity and we also know the businesses that make it and those that don’t. So, we now know, if a business averages 4 million rands or more, it will last over our program and the reason that it will last over our program is because it has enough depth, it has enough complexity and it has enough analytics for us to help the entrepreneur make intelligent decisions,” said Thembekwayo.
Former bankers, Papa and Hetty Boachie-Yiadom joined the My Growth Fund entrepreneurship programme to help find an opportunity to expand their fashion business.
Coming from a corporate sector, the couple admits it was tough to adjust their strategy for success especially as the country faced an economic crisis. They needed to differentiate themselves from an already crowded fashion retail space.
Two years in, their P&H boutique has become well-known for quality Africa-inspired clothing and has grown from three to five stores across the country.
“African print clothing has always been in the market place. But typically, what we find is that it normally exists within the informal sector and so our biggest point of difference is that we’ve actually formalized the business aspect of the African print fashion industry. We have put them in award-winning malls, in convenience areas so that people don’t have to venture outside of their normal shopping radius,” said Hetty.
“Since we partnered up with My Growth Fund’ we have opened up in Polokwane, we have a shop there as well as here in Cresta which is our newest mall. So that’s also just helped for us to understand you know, where our market is, you know how to grow, as well as you know – just staying in our lane and not looking to grow too fast. So, we can service our clientele in a manner which they deserve,” said Papa.
My Growth Fund promises to grow start-ups 10-fold in five years through strategic planning, education, funding and incubation. The idea is to turn a medium-sized businesses into companies with a high turnover.
The business amplifier program costs 12,000 rand – more than 800 US dollars a month.
For start-ups, the programme offers a free entrepreneurship funding masterclass.
Thembekwayo says black entrepreneurs face a greater challenge to access funding, exposure, freedom of time and room to fail.
“Black entrepreneurs are not… black people are not without ideas, we are not without the ability to see it. We see it. What we don’t have is, once you see it, where do you go? So market access is a huge problem and to understand market access you have to understand the South African economy, the South African economy by its nature, locks out small players,” said Thembekwayo.
Thembekwayo emphasises on funding by training black business people how to secure investment and by acting as a venture capitalist.
“So, what do we get out of it? A good kick – a great kick of watching entrepreneurs build businesses. If you look at our initial batch of top 40, we now have some entrepreneurs where we have taken equity stakes in their businesses. So strategically, the reason we want to help these entrepreneurs build businesses is because if they build businesses and we take an equity position, then we grow in wealth,” said Thembekwayo.
Experts say entrepreneurs are central to bridging Africa’s widening inequality gap but most governments on the continent are not doing enough to help them.
Adopted from: http://www.africanews.com