Here’s What Portia Had To Say About A R60 Million Offer For Equity In Her Business

After her mother in law told her the marula oil can remove after birth stretch marks, Portia Mngomezulu got inspired to start her own Portia M products in 2011.

As you’d expect, the experience was daunting to say the least but deep down, she instinctively knew she made the right decision.

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She was laughed at by people in her community and her former colleagues for quitting her job to pursue entrepreneurship, but that only fuelled her passion to succeed even more

The journey certainly wasn’t easy, she took her Portia M products from being a small time fish in the pond to being one of the sharks that are currently dominating the ocean of skin care products in the country.

As of now, Portia M is a multimillion rand business and so established, that its easier to find it in most of the leading retailers in the country including the likes of Shoprite, Pick N Pay, Game etc.

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In early January, DStv’s most controversial and divisive channel, Moja Love, broadened its horizons by announcing a new entrepreneurial show led by its CEO, Aubrey Tau.

The show, Aubrey Tau & Mzansi Tycoons, sees Tau talking to successful entrepreneurs about how their journey started, the obstacles they faced, and how they’re using their success to assist others in their communities.

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The second episode of the show visits Portia of Portia M products, see the video clip below:

During a part of the show, Tau asked if whether big businesses hadn’t come to buy equity in her brand and she answered, “the first offer was around R60 million and I’m like, these people are playing.”

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About the author

Morris Masipa

Morris Masipa

Morris Masipa is the founder and content strategist behind Entrepreneur Hub SA, a dynamic business blog he launched in 2020. With a passion for supporting South African entrepreneurs, Morris aims to inspire and inform readers while celebrating the innovative spirit of the local business community.

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