- Published: Wednesday, 06 September 2017 10:41
- Sourced by SolutionsTeam
BY STAFFORD THOMAS
Great entrepreneurial ideas can come out of the blue. For Itumeleng Phake, founder and owner of Zenzele Fitness, his came while working with wealthy clients at RMB Private Bank. "RMB was looking to upgrade its inhouse gym," says Phake. "It got me thinking about the potential of a business that would relieve corporates of the complexities involved in setting up and operating a gym." He had hit on the makings of a thriving venture. "I realised it was a business that could easily be scaled up," he says. "There is also very little competition in the market." He had the idea but not the considerable financial resources needed to turn it into a reality. Equipment for a single gym runs to as much as R3m.