- A 24-year-old left varsity because of financial difficulties
- Today, he is a successful business owner of a property Stokvel investment club
- According to Nicolas Manyike, he aims to help black people create wealth through property
Sometimes bad situations are a blessing in disguise, take 24-year-old Nicolas Manyike as an example. He dropped out of varsity due to financial issues but ended up founding a successful business.
Manyike had to drop out of his Business Management degree because he could no longer pay for it. However, he got back up and today he is a successful entrepreneur who started a Property Stokvel Investment Club.
Following the disappointing end to his studies, Manyike decided he wanted to be an entrepreneur. So, he enrolled in a one-year course at Sedibeng College in Vanderbijlpark in 2013.
Briefly.co.za learned after completing the course, he made the wise choice of relocating to Joburg. But, things went from bad to worse before he succeeded.
According to Manyike, his business partner and him had to stay the Ekhaya shelter for the homeless when they first moved to Joburg, and it was there when he knew he had to do something to have a better life.
He started to work for a bank and in the same year he and his business partner founded Tale PR & Communications.
As the acting CEO, Manyike uses his Stokvel company to help other people create wealth by buying property, land and franchises, sowetourban.co.za reported.
Manyike said he aims to give poor black people financial freedom, since effects of apartheid still weigh heavily on black communities.
“The stokvel club is a true radical economic transformation technique. We want to create wealth that will allow us to retire comfortably at an early age, but most importantly, to create a legacy for the next generation.”, he said.
As for the high unemployment rate, the CEO calls on the youth to take action and start their own companies.
“They must not just start a business but they need to think creatively and be problem solvers by creating more jobs. A person’s upbringing and background need not determine one’s capabilities or where they end up in life,” Manyike concluded.
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