'Father of black business' Sam Motsuenyane dies
Dr Sam Motsuenyane, co-founder of the National African Federated Chamber of Commerce, passed away on Monday.
Motsuenyane died at the age of 97.
Motsuenyane was born on the 11th of February 1927 on the Eignaarsfontein farm in Potchefstroom in the North West.
He was one of the founders of the then-largest African business organisation, the National African Federated Chamber of Commerce (NAFCOC), in 1964.
Motsunenyane led the initiative by NAFCOC to establish the African Bank.
"Dr Motsuenyane peacefully departed this morning (Monday), leaving behind a profound impact on South Africa's business landscape," Public Interest SA said in a statement.
"Throughout his illustrious career, Dr Motsuenyane was a beacon of integrity and innovation, championing ethical entrepreneurship and social responsibility. His unwavering commitment to excellence and ethical conduct served as an inspiration to countless individuals and organisations across the nation and the continent.
"As the sun sets on Ntate Motsuenyane's earthly journey, we find solace in the knowledge that his legacy will continue to shape the future of entrepreneurship in South Africa," said Tebogo Khaas, Chair of Public Interest SA and Chief Entrepreneur at the Institute of Chartered Entrepreneurs.
"Dr. Motsuenyane's contributions to our society are immeasurable, and his memory will forever be cherished.
"In honouring Dr Motsuenyane's memory, Public Interest SA reaffirms its dedication to upholding the highest standards of ethical business practices. The organisation remains committed to fostering a culture of integrity, accountability, and social impact, in line with Dr Motsuenyane's vision for a prosperous and equitable society."
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