Mkhari property company will be going international
IPELENG Mkhari, who overcame financial hurdles to become chief executive of Motseng Investment Holdings, has called for practical career guidances to shape the future of youths.
Speaking during an interview, Mkhari said: “I think sometimes the career guidance that we get in schools is not quite practical. When I got to varsity I just opted for options that could be done.”
Her dream was to become a psychologist but she joined the cutthroat business world in her early 20s after completing a Bachelor of Social Science degree from the University of Natal. And she has never looked back. She also completed the Executive Development Programme at Wits Business School.
“A good education and sacrifice are the key aspect of joining the business world,” said Mkhari.
Mkhari co-founded Motseng 19 years ago and partnered with private and stock exchange listed companies to grow its operations in Lesotho and Mozambique.
Motseng, which employs almost 600 people, established the Delta Property Fund in 2010 and two years later was listed on the Johannesburg Stock Exchange.
“We have gone from being a South African business based in Gauteng to being a business that is international; we started looking at other geography.
“Our future goals are that we continue to grow across the continent. We have the appetite to look at other Southern African Development Community (Sadc) countries as our growth path,” she said.
Mkhari adds that partnering with property management group Marriott brought interesting opportunities.
“Consolidation is very important for us, we have really shown our perseverance and ability to stay in the property sector,” she said.
She revealed that her company faced financial challenges when it started.
“I think the key challenges have been access to market and funding,” she said.
Earlier in her career, she estab- lished the first black woman-owned and managed Closed Circuit television ( CCTV) business called Phosa Iliso. She however said the property market in itself was growing and changing.
“There is a lot of introduction of international service providers and international competitors, so we need to stay close to that type of growth path as well as technology,” she added.
“What is most important for us is to be able to grow and that requires consolidation, partnering with bigger companies and to be sustainable as a business,” she said.
Mkhari added that being an entrepreneur taught her good lessons in life.
“You have to be a risk-taker, someone who fights a lot for what they believe in.
“Sometimes you will have to be able to walk away from things that you like in order to have a bigger vision for the business that you want to build,” she said.
Mkhari, mother of three and wife of Power FM Radio Chairperson Given Mkhari, values her family most.
“In the last 10 to 12 years it has been about the kids on how they are. Work is still a big part of my life but family needs you to lead,” Mkhari says.