Born and bred in a poor village of Engonyameni, 30km south of Durban, in the midst of eye-catching scenic landscapes of KwaZulu Natal, parents struggled to raise her school fees’ and the young lady did not give up on her dreams.
Busisiwe Mdletshe today leads her own company at the heart of South Africa’s economic hub, Johannesburg. Her inspirational story of determination is one of many extraordinary Africans who continue to inspire the continent.
The amazing journey also led to the formation of BusiM Foundation that is giving other young people from KwaZulu Natal the opportunity to learn and become successful in life. Such astonishing is her rise to become a leader on two fronts, business and community work, that it caught the attention of The Inspired Africa. “My parent’s relationship was not at its best and that made it difficult for us children to cope, so sometimes I would stay with grandparents. The family challenges instead hardened me to be more committed at school “she recalled.
Raised by a factory worker Basil Khekhe Majozi and domestic worker mother Joyce Sholiphi Sibisi, Busisiwe is the eldest of eight siblings.It’s not bound to be easy as the eldest in setting pace for others but through courage and determination she managed to reach her university goals.Busisiwe passed with flying colours in her village at Zwelibanzi Senior Secondary and Thandaza High School with various accolades, but challenges almost cut short her education, taking its toll on her turn to enroll at KwaZulu Natal University.
“My father could not afford my varsity education fees, so my selfless, caring stepmother advised him to take early retirement from his factory job in order to withdraw pension fund to settle my varsity fees. A continuous lack of sufficient funds resulted in my concentration levels at varsity deteriorating but I remained determined to succeed nomakanjani (no matter what),” she added. Finally against odds Busisiwe managed to obtain her Bachelor of Accountancy; Auditing & Taxation from the University of KwaZulu Natal.Financial Management (Pretoria University), Financial and Criminal Investigations (IRS – USA) are some of the several Post-Graduates Degrees under her belt.
Mdletshe started her career as a trainee accountant in 2005 serving her SAICA articles at one of the world’s biggest firms PricewaterhouseCoopers (PWC). She then joined the Mercantile Bank of Lisbon as a Senior Financial Accountant in the Alliance Business Banking Division. Mdletshe made her mark at South African Revenue Service (SARS) as she led a team of financial investigators and auditors in National Enforcement unit that focuses in financial investigations to combat crime in illicit economy.
After gaining in-depth investigations experience in integrated tax and audits, Mdletshe now leads Btmt Capital as the Chief Executive Officer.The fast growing company that is responsible for Accounting, Tax and Financial Forensic investigations. “Our clients involve individuals and companies,” she added.Btmt Capital’s breakthrough so far has been the partnership with Inkunzi Investments Wealth Group led by Owen Nkomo. “We are Inkunzi’s tax partner responsible for tax planning for High Net-Worth Individuals. We fully examine the tax impact of investment and retirement decisions; we rigorously define the tax and foreign exchange implications of offshore investments” she explains.
“I’m looking at partnerships that can help us grow regionally and nationally in this industry. Our major goal is to develop Btmt Capital into a reliable financial solution brand,” she added.Another initiative, BusiM Foundation, was formed this year to assist scholars in giving back to her childhood Engonyameni village’ where she grew up.On April 16 2015, various stakeholders drove out of their comfort zones to converge in Engonyameni in support of her idea. “They need assistance if they are to be achievers post Matric. I used my own experiences to assist our young minds who are the future of the country. “I decided to start career guidance by approaching Tongaat-Hullet and interesting to say they agreed to assist and more corporates like Bowman Gilfillan; South African Institute of Chartered Accountants (SAICA); UKZN School of Medicine; UKZN School of Education; Mangosuthu University; Naidu Consulting Engineers; SA Property Charter also came on board.
“The village was really inspired to see doctors and lawyers. We have set this to be an annual event, teaching these young people to make right choices in life. Education can break poverty, and if one is educated one would be brave to face challenges in life,” she said.“Most young people are affected by HIV/AIDS with most becoming parents at a young age. There is need to change mindset. We have enough land that should be utilized to become self-sustainable. The BusiM Foundation is empowering this community, l am happy with the direction we are taking that would enrich KwaZulu Natal to use resources effectively” Busisiwe added.
BusiM Foundation through Tongaat-Hulett and South African Property Owners Association has already secured bursaries amounting to R40 million for matric learners who wants to pursue careers in property nationally. According to Dr Nkosi, who is based at UKZN, Busisiwe is a cause of action, hence prominent organizations are willing to contribute to the Foundation.
“She experienced all forms of women oppression but remained resilient throughout. Busi is our KZN role model as she challenged the dominant ideology that a woman should be in the kitchen’ to become a leader in male-dominated positions. The Foundation has great potential to plough back into the communities by establishing necessary structures for education,” Dr Nkosi highlighted.“I would not have done all this alone, I proudly praise my husband and son for supporting my decision to start BTMT Capital and BusiM Foundation under difficult circumstances,” Busisiwe reckoned.
Busisiwe is proud, having been groomed by internationally acclaimed businesswoman, Phuthi Mahanyele, who is the reigning Forbes Africa Businesswoman of the Year. On her African experiences, Busisiwe revealed her love for eastern neighbors Mozambique. “I enjoyed my stay in Maputo, it’s amazing, I still want to go back to Catembe Bridge and ride that amazing ferry and I love my African attire that is designed by my Nigerian designer,” she concluded