Nthabeleng Likotsi, the founder of Young Women in Business Network (YWBN), which was recently granted a Mutual bank licence, has named the bank after herself.

This was revealed in the Bank – Nthabeleng Likotsi Mutual Bank ‘s prospectus which was issued this week.

The bank is selling shares to the public at R10 per share, with the minimum number of shares one can buy being 100 and the maximum being 200 000.

To honour Nthabeleng’ s effort, members of YWBN CFI voted unanimously to have the incoming Mutual Bank named Nthabeleng Likotsi Mutual Bank (NL Mutual Bank).


Other members of the board include :

Nthabeleng Likotsi (CEO)

Thuto Skweyiya (Chairperson)

Ditebogo Mthimunye ( Non Execitive Director)

Raymond Levin (Committee Advisor)

Xolile Ntanzi (Non Executive Director)

Dineo Mondlane (Non Executive Director)

You can view the prospectus for NL Mutual bank at