Nthabeleng Likotsi, a 37-year-old entrepreneur from Botshabelo in the Free State, is set to become the first black woman to establish and own a mutual bank. 

"It’s been a very life-challenging experience," Likotsi told the SABC in March. "Emotionally, physically, intellectually, financially — but more so because I guess the Reserve Bank’s role is to ensure that members’ deposits are protected. So it needed to ensure that we are fit and proper to be in a position to start a mutual bank."..

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