unnamed 1
Dr Sam Motsuenyane co-founder of Nafcoc dies at age 97 (Image credit: TimesLive)
Buhle Mbijekana
(The Post News) – The passing of Dr. Samuel Motsuenyane, often revered as the “Father of Black Business,” marks the end of an era in South Africa’s entrepreneurial landscape. At 97, Dr. Motsuenyane leaves behind a legacy that stretches far beyond his years, leaving an indelible mark on the country’s business scene.
Born on February 11, 1927, on the Eignaarsfontein farm in Potchefstroom, North West, Dr. Motsuenyane rose to prominence through his unwavering dedication to uplifting and mentoring black business leaders and entrepreneurs. As a co-founder of the National African Federated Chamber of Commerce (Nafcoc), he played a pivotal role in fostering the growth of black-owned businesses across the nation.
The impact of Dr. Motsuenyane’s contributions cannot be overstated. Through his leadership at Nafcoc, he spearheaded initiatives that paved the way for the advancement of black entrepreneurship. One such initiative was the establishment of the African Bank, a landmark institution aimed at providing much-needed financial support to black South Africans. Driven by his business acumen and community spirit, he rallied black communities to raise the necessary capital, enabling the bank to open its first branch in Ga-Rankuwa township in 1975.
Dr. Motsuenyane’s influence extended beyond the realms of business. In 1992, he transitioned from Nafcoc to parliament, where he assumed various leadership roles, including pioneer of the House of Senate and later serving as the first ambassador to Saudi Arabia from 1996 to 2000. His diplomatic tenure further underscored his commitment to serving his country and advocating for its interests on the global stage.
Throughout his illustrious career, Dr. Motsuenyane embodied principles of integrity, excellence, and social responsibility. His unwavering dedication to ethical entrepreneurship served as a beacon of inspiration for individuals and organizations alike, both within South Africa and across the continent.
Though he may no longer be with us, his spirit lives on in the countless lives he touched and the transformative impact he made on the landscape of black business in South Africa.
About the Author
