‘I don’t need advice, I need money’ – Sibusiso Ngwenya demands R5m
The self-proclaimed 'celebrity entrepreneur' worried people when he went missing and now the public is calling him entitled for his financial demands.
Founder of Skinny Sbu Socks Sibusiso Ngwenya | Image: Twitter
After causing a stir with his recent disappearance, entrepreneur Sibusiso Ngwenya has re-emerged on the warpath to save his failing business.
Ngweyna was believed to have gone missing towards the end of September when friends and family took to social media to plead for any information regarding his whereabouts after they had not seen or heard from him in days.
WORD IS: Designer/Entrepreneur @skinnysbu is MISSING
The owner of @SkinnySbuSocks has reportedly not been seen or heard from for days now. His family is asking for help with info on his whereabouts.
If you have any info please contact Lebo Matli on +27 71 572 2183 pic.twitter.com/PHLEfvbCUo
— Kgopolo (@PhilMphela) September 27, 2018
The last tweet he published prior to his disappearance spoke about feeling the need to give up, leading many to worry that he may have harmed himself.
https://twitter.com/skinnysbu/status/1044225059378925568
He made his return to social media a few days later to confirm that he was getting professional medical assistance and that he was safe.
https://twitter.com/skinnysbu/status/1045537830829740032
https://twitter.com/skinnysbu/status/1051724795400900608
Ngwenya has since done a number of print and TV interviews about entrepreneurship and mental health, stating that his disappearance was sparked by depressive episode triggered by his current financial state.
Sbu Skinny Socks is in this week's Drum saying he blew R2-mil in his bank account in 2 years. 😩🙆is being treated for depression. Needs about 5mil to revive his biz pic.twitter.com/9mxJtwmU6w
— Pampi (@MissPampi) October 17, 2018
In the most recent issue of Drum magazine, Ngwenya chronicles the decline of his business as well as the current financial woes he faces due to his mismanagement of funds in the early days of his business.
He later appeared on SABC News to speak about his business and has been trending all morning after a clip of him demanding R5 million to save his business made its way onto social media.
https://twitter.com/Stevie_Madisha/status/1052811092081160192
He has since stood by his statement and has taken to Twitter to continue with his demand for funding.
https://twitter.com/skinnysbu/status/1052603574163787776
https://twitter.com/skinnysbu/status/1052580561196408832
This stance has drawn the ire of many who believe that funding without the proper money management skills would be a waste.
https://twitter.com/MsMakhubu/status/1052650043155640321
https://twitter.com/brendajackson13/status/1052821649580539904
From who? who owes you this money?
— Autumn (@Sparkleberrie) October 18, 2018
People can retire on that money. Your friend is here “demanding” it.
Some of us work 4 jobs trying be “entrepreneurs”.
Madness 😡— John Gush (@John_Gush) October 18, 2018
After watching that interview.., I doubt it..
I still think he needs psychological help— Lethiweyinkosi 👑 (@Lethu_Dlamini) October 18, 2018
Money is the outcome, advice is knowledge and wisdom.. Those are the steps to finding money, by receiving advices☝
— BoityBell🔱✊ (@BoityBell) October 17, 2018
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