- Sisa Ngebulana, the founder of Billion Group and Rebosis Property Fund, was honoured by the Walter Sisulu University (WSU) for his contribution to society
- He received a honorary doctorate degree in Commerce
- Which was given to him during a graduation ceremony in his home town, Mthatha
Ngebulana was given an honorary doctoral degree in commerce by the leading varsity at a graduation ceremony in his hometown of Mthatha on Wednesday.
The South African entrepreneur is the only one who received this honour from WSU in 2018's May graduations.
Ngebulana founded the Billion Group, which became the first black-owned company in SA, he then started up the Rebosis Property Fund.
GoodThingsGuy.com reported Ngebulana's property fund became the first black-controlled property fund to be listed on the Johannesburg Stock Exchange in 2011.
According to Ngebulana, the regocnition from WSU in his home town was very special and meaningful to him.
He explained her grew up with his grandparents in Corhana, a village just outside Mthatha. The property developer graduated from the University of Fort Hare.
“Growing up, I spent a lot of time in my grandparents’ business. They owned a general dealer store where I had my first taste of business. They also had a brick field business. This is where I developed a passion for real estate.”
His journey to success was not without difficulties, but Ngebulana said challenges should be used as opportunities to "innovate or create solutions that didn’t exist before." He added overcoming difficult challenges teaches one new skills.
Ngebulana creditted the "infuential people" in his life, which included his grandparents, for his success, and he thanked the WSU for the honour bestowed upon him.
"The saying that it takes a village to raise a child could not be truer in my case, and I feel so privileged to be receiving this degree.”
Ngebulana followed in his grandfather's entrepreneurial spirit, and he majorly contributed to his home town.
The entrepreneur has invested quite a lot in Mthatha, he is responsible for the multi-billion-rand BT Ngebs City, which Briefly.co.za learned consists of 60,000m2 shopping mall.
Adding to his development last year, Ngebulana build a four-star Mayfair Hotel. He is also building Mthatha's first casino and entertainment centre.
But, his contribution to society does not end with Mthatha. The doctorate graduate also planned and developed retail assets, which includes the biggest mall in the Eastern Cape, Baywest Mall in Port Elizabeth, Hemingways Mall in East London, Forest Hill City in Centurion and Mdantsane City in Mdantsane.
Ngebulana's developments over the past several years has given jobs to over 25 340 people during the construction phase and 11 170 following the completion of construction.
“My wish is for the youth in Mthatha and throughout South Africa to be inspired by my story and to realise that they don’t have to be born into wealth to become successful. Hard work, dedication and believing in oneself goes a long way to achieving success,” said Ngebulana.
“I have had plenty of challenges along the way, but I never let them overcome me or define me.”
Academically, Ngebulana is just as accomplished as he is in his career. Not counting the doctorate degree he received from WSU, he has three degrees- which includes a bachelor's degree in law, followed by an honours and master's degree.
Do you have a story to share with us? Inbox us on our Facebook page and we could feature your story.
Watch Mzansi's billionaires in the video below from our Briefly - South Africa YouTube channel.