Draft:Xolane Ndhlovu

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Xolane Ndhlovu

Xolane Ndhlovu (born 1986) is a South African businessman and entrepreneur.^[1] He is the founder and Executive Chairman of DafriBank Digital LTD.^[2]

Xolane Ndhlovu is a South African entrepreneur and fintech innovator, recognized as the founder and chairman of DafriBank Digital LTD, a digital-only bank focused on financial inclusion and digital banking solutions. He has gained attention in the fintech sector and cryptocurrency space, with his ventures receiving media coverage for their impact on Africa's financial landscape. Ndhlovu is also known for his philanthropic contributions, particularly in areas of community development and humanitarian aid.^[3] (This Day Live, 2024).

Early Life and Education

Ndhlovu was born in 1986 to a Nigerian father and a South African mother. His childhood was spent in various countries in Sub-Saharan Africa before settling in South Africa in 2001.^[4].

Career

Ndhlovu's early career was marked by involvement in gang activity, which led to his arrest and conviction for attempted murder and possession of a semi-automatic weapon.^[5] During his time in prison, Ndhlovu began investing in start-up tech companies.^[6]

After his release, Ndhlovu founded DafriBank Digital LTD, to address the challenges of financial accessibility across Africa.^[7](The Sun Nigeria, 2024) He is also an investor in Crypto-exchange Binance and owns a stake in Royal IVY, a South African luxury brand.^[8] (Tribune Nigeria, 2022).

Philanthropy

Ndhlovu has established the Ziggy's Foundation, which aims to promote education and eradicate poverty in Africa.^[9] (This Daily Times, 2024). He has also established the UMEH Group Educational Fund to support students in South Africa, Nigeria, and Namibia.^[10] (Pulse Nigeria, 2024). ^[11] (This Day Live, 2024).

Criticisms and Controversies

Ndhlovu's past involvement in gang activity has been a subject of controversy.^[12] Some have questioned the legitimacy of his business ventures and the sources of his wealth.^[13]

References

[1] ttps://www.ibtimes.sg/entrepreneur-xolane-ndhlovu-dafribank-plcs-digital-banking-model-willallow-africas-52970/

[2] ttps://finance.yahoo.com/news/exclusive-interview-dafrigroup-plc-chairman-012758861.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAN5RunAS1yaPoL2UHZifLXXPDMA8mEG8jaWANhCF0pkEIhST3cqu3bMlgkTdo7bVRZHDFYXDZLFHnHHPdyaX-xfYxD_k7cdAaX4FxEJymzUMLLghIvp9-r2PfSUILl-QAuyY0dpvlZBz7IWOBlR6YHS7i7PhnzND4OHivr53nNXU

[3] ttps://www.thisdaylive.com/index.php/2024/11/04/how-xolane-ndhlovu-is-redefining-african-philanthropy– "How Xolane Ndhlovu is redefining African Philanthropy"/

[4] ttps://www.vanguardngr.com/2021/10/biography-of-xolane-ndhlovu-from-zero-to-hero/

[5] ttps://www.saflii.org/za/cases/ZAGPJHC/2024/24.html

[6] ttps://businessday.ng/interview/enterpreneur/article/how-xolane-ndhlovu-rose-from-dishwasher-to-high-flying-entrepreneur/

[7] ttps://thesun.ng/how-xolane-ndhlovu-chairman-of-dafribank-digital-is-leading-the-fintech-revolution– "How Xolane Ndhlovu, chairman of DafriBank Digital is leading the Fintech revolution"/

[8] ttps://tribuneonlineng.com/to-succeed-as-an-entrepreneur-you-must-have-aggressive-drive-for-success-xolane-ndhlovu/

[9] ttps://dailytimesng.com/xolane-ndhlovu-tech-billionaire-with-golden-heart/

[10] ttps://www.pulse.ng/articles/lifestyle/food-and-travel/south-african-newest-black-billionaire-gifts-a-house-to-a-facebook-friend-2024102811094166281- "South African Newest Black Billionaire Gifts a House to a Facebook Friend."

[11] ttps://www.thisdaylive.com/index.php/2024/10/09/xolane-ndhlovu-once-again-demonstrates-his-commitment-to-philanthropy/

[12] ttps://www.watchdoguganda.com/news/20190725/73143/meet-33-year-old-gangster-who-left-prison-to-build-sh132-billion-empire.html

[13] ttps://www.vanguardngr.com/2022/04/how-xolane-ndhlovu-became-south-africas-new-billionaire/

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