Motseng Investment Holdings founder speaks on entrepreneurship in Africa

The Essence Festival Durban, the sister event to the annual Essence Festival New Orleans, kicked off with a two-day business seminar where business leaders gathered to network and share their entrepreneurial journey with a global audience. Ipilang Mkhari, the founder of Motseng Investment Holdings, took the stage to share invaluable insights on entrepreneurship in Africa and the key lessons that can be learned by aspiring business owners on the continent. Mkhari emphasized the importance of unity and collaboration within the business community. She highlighted that challenges such as wealth redistribution, income inequality, and wealth disparity are not unique to South Africa alone. Mkhari pointed out that by working together and supporting one another, entrepreneurs can navigate these challenges more effectively. She emphasized the significance of forming partnerships both locally and internationally, as well as embracing the opportunities that lie beyond their immediate surroundings. Mkhari also underscored the transformative power of technology in transcending boundaries and opening new avenues for business growth. One of the standout messages from Mkhari's address was the need to move away from a victim mentality. She encouraged aspiring entrepreneurs, especially young black business owners, to focus on their goals, transcend their limitations, and believe in their capacity to succeed. Drawing from her own experience of over 20 years in the industry, Mkhari emphasized the importance of tenacity, sacrifice, and a broadened perspective in achieving entrepreneurial success. Mkhari also addressed the importance of patience in driving economic transformation. She advocated for proactive engagement with the government, constructive communication, and alignment with policies such as Triple B (Broad-Based Black Economic Empowerment) to drive inclusive economic growth. Mkhari stressed the need for reciprocal support within the business ecosystem, emphasizing that uplifting each other is key to transforming the economy from the grassroots level. In conclusion, Mkhari highlighted the urgent need for collective action and dialogue to bring about meaningful change in the entrepreneurial landscape of Africa. She called for increased engagement, proactive participation, and a persistent commitment to driving positive transformation. Mkhari's impassioned address resonated with attendees, inspiring them to adopt a proactive approach, foster collaboration, and leverage opportunities for growth and development in the African business sphere. The business seminar at Essence Festival Durban served as a platform for thought leaders like Ipilang Mkhari to share their wisdom, inspire the next generation of entrepreneurs, and spark a renewed sense of optimism and determination within the African business community.