Meet a young entrepreneur who initiated a Property Stokvel Investment Club
"My aim is to help members invest in property" - Nicolas.
Nicolas Manyike, a 24-year-old entrepreneur, abandoned his studies due to financial constraints. He then became a businessman and successfully established a Property Stokvel Investment Club.
Having failed to overcome financial deterrents to complete his Business Management degree, Manyike pursued becoming an entrepreneur.
A year after enrolling at Sedibeng College in Vanderbijlpark in 2013, he relocated to Johannesburg, to chase his dream of becoming a public relations specialist and businessman. However, here, he and his business partner faced difficulties.
“When we relocated to Joburg, we struggled to get a place to stay. I remember with my business partner we had to make use of the Ekhaya shelter for the homeless, from that moment I knew something needs to be done,” said Manyike.
He said that Tale PR & Communications was founded the same year while working for a bank. Today, Manyike is the CEO of this communications company. He is an award-winning publicist, artist manager and serial-entrepreneur.
Born and raised in Mkhuhlu, Bushbuckridge, Manyike says he initiated the stokvel club to help people build wealth through buying properties, franchises and land.
“There’s no freedom without financial freedom, ownership of land and properties. Majority of the black communities are still suffering the effects of apartheid. Stokvels have been around for decades and most of them are sustainable. The same method could be used to purchase properties, land and franchises,” he said.
Manyike said the property is a great asset to get your hands on. Investing in it may be the best way to take advantage of what is widely considered to be one of the most profitable.
“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.
“We want to buy land and properties in places where there is competitive rental income and which are close to working areas and educational institutions,” he added.
Manyike voiced his concern about the stark unemployment rate which is growing dramatically and is affecting the youth.
“I encourage young people to start businesses. 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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