Meet Sipho Phakathi: Businessman Who Used to Make R30 a Day Now Owns 5 Shops

Meet Sipho Phakathi: Businessman Who Used to Make R30 a Day Now Owns 5 Shops

- Sipho Phakathi is a proud Sowetan businessman who started small and made just R30 on his first day of business, now he's an established entrepreneur

- According to a post on social media, businessman Phakathi owns five spaza shops in Soweto and has created employment as he sells a wide range of items

- Apart from owning retail outlets, Phakathi is also a proud owner of three liquor shops as he is aiming big in the business sector

- Phakathi is receiving congratulatory messages on social media and some have enquired about the services he offers to his businesses

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His name is Sipho Phakathi and he is one of the up-and-coming township entrepreneurs as he owns various businesses in Soweto, Gauteng. Phakathi started small as a businessman and now owns five shops, three of which are liquor stores.

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According to a post shared by @KasiEconomy on Twitter, the ambitious business owner made just R30 on his first day of operations.

Businessman Sipho Phakathi now owns five spaza shops after making R30 profits. Image: @KasiEconomy/Twitter
Businessman Sipho Phakathi now owns five spaza shops after making R30 profits. Image: @KasiEconomy/Twitter
Source: Twitter

The tweet reads:

“This is Sipho Phakathi from Soweto. He built his township businesses from nothing. His first day he made R30. Today he runs five shops, which include three liquor stores. He sells everything in his spazas, including pregnancy tests, morning after pills and DStv services.”

The inspiring story has also attracted massive reviews on social media and Briefly News went to investigate the reactions from Mzansi followers.

@Njabulo_Molo said:

"I like this. Now, all we need is to improve the technology and science sectors in our communities. We've got the business side down pat. We can still grow, research and improve more.”

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@Mondli_Msiya said:

"Application for liquor licences is a problem for most liquor stores, I wonder how he managed to get three licences!!.”

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In other stories, Briefly News reported on an influential business story of a young South African man based in Orange Farm, Gontse Selaocoe, who is only 22 years old and the founder of All Day Jam.

Selaocoe is the founder of the brand widely used in our homes and explains how his grandmother inspired him to forge ahead and become a businessman.

Dressed in township style, the 22-year-old is undoubtedly true pantsula or Kasi guy but he has a different vision when it comes to his daily hustle.

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Source: Briefly.co.za

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