Richard Maponya

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4 documents for Richard Maponya
  • JOHANNESBURG, South Africa -- When Richard Maponya did well as a clothes salesman, his white boss could not promote him under the rules of apartheid. So the boss offered instead to sell Maponya damaged clothes for cheap. Maponya resold the clothes after work and on weekends, and earned enough to go into business himself.

  • Eleven entrepreneurial companies overseas show the increasing opportunities for business owners worldwide since the collapse of communism and the proliferation of advanced technology. The profiled were chosen because they built their businesses up from scratch and tenaciously pursued success. Among them is Masayoshi Son who created the software distribution company Softbank Corp and now has an estimated personal net worth of $4.4 billion.

    ...Ask South Africans about Richard Maponya, and they'll say, "Oh, the tycoon." It is ...

  • There are big changes in Soweto," Sowetan Cecile Daubanes said at Maponya Mall's opening, struggling to push a shopping trolley loaded with groceries. Johannesburg Mayor Amos Masondo said a 2004 study showed that Sowetans spent $611 million on retail goods, but only 25 percent of this was spent in the township due to a lack of retail outlets. Since then, there has been an "explosion" of new shops in Soweto, including the Maponya Mall, he said. "Soweto is not just undergoing a face lift," he said. "It is undergoing a radical reconstruction and the mood is one of excitement.

    ... Maponya Mall is the latest venture by Richard Maponya, a close associate of Mandela and one of ...

  • By Celean Jacobson The Associated Press

    ... a gold ribbon, is the 700,000-square-foot Maponya Mall. "I have been one of the sons of this town ...I have seen it grow," developer Richard Maponya said at the opening, standing before a ...

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