The first African forex dealer in South Africa

Molotlegi Nat Mokgosi became the first forex dealer in South Africa. The Apartheid regime had reserved corporate banking for whites. The African Bank was the first and only black bank then. The Apartheid State President withdrew the Bank’s forex licence. The government feared the likes of Mokgosi and Gabby Magomola who had a close affinity with the Pan Africanist Congress of Azania, and Curtis Nkondo of the ANC; Victor Mtutuzeli Tyalimpi who had obtained a Chartered Institute of Secretaries and Administrators (CIS); a qualification that Black people were not allowed to study for.