Meet Zamani Letjane, Man Who Started SA’s First 100% Black Owned Retirement Fund

Wednesday, May 26, 2021 at 4:59 PM by Naomi Kobbie

- A local businessman has Mzansi's praises, starting SA's first black-owned retirement fund over 20 years ago

- Today, the fund has over R28 billion in assets, including popular malls and hotels across the country

-Mzansi took to the comments section, sharing heartfelt messages for the inspiring businessman

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A local businessman has definitely inspired Mzansi, starting South Africa's first-ever black-owned retirement fund more than 20 years ago. Today, Zamani Letjane assets are valued at more than R28 billion.

Meet Zamani Letjane, Man Who Started SA’s First 100% Black Owned Retirement Fund — Zamani Letjane is the mind behind SA's first black-owned retirement fund. Images: @KasiEconomy/Twitter
Source: Twitter

The entrepreneur started Akani Retirement Fund Administrators with just a dream and a few like-minded investors. The inspiring post was shared by @KasiEconomy, who made sure to reiterate the companies passion for black business.

"20 years ago Zamani Letjane started SA's first 100% black owned retirement fund called Akani Retirement Fund Administrators. Today the company's asserts are valued at R28 billion and they include: R950m Radisson Hotel, Autumn Leaf Mall, Parkview Shopping Centre, New Destiny Hotel." @KasiEconomy caprioned the motivating post.

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The long list of company assets and achievements certainly had South Africans feeling encouraged in the comments section. The black pioneer has opened doors for brilliant black minds just like him.

Check out some of Mzansi's comments below:

@JP_Maloka

"Truly inspired."

@thembaStevens

"What!!!! The park view park view? Wow wow"

@MtutuFromMzansi

"Well done.That's what we blacks must do stand and build our own companies and stop fighting to be included in boards of white-owned companies."

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Meanwhile, Briefly News previously reported that stories of friends who succeed together are always very powerful because they show that there is indeed power in mutual relationships.

Three pals who were ordinary workers in South Africa more than a decade ago have greatly succeeded. According to one of them, Tinashe Nyamudoka, they were employed to wash dishes and polish cutlery and wine glasses. The men continued in the hospitality industry and this time around, they are big players.