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Eastern Cape Business 2018 edition

  • Text
  • Mandela
  • Water
  • Electrical
  • Services
  • Financial
  • Municipal
  • Infrastructure
  • Water
  • Manufacturing
  • Sectors
  • Tourism
  • Energy
  • Development
  • Industrial
  • Business
  • Investment
  • Nedbank
  • Provincial
A unique guide to business and investment in the Eastern Cape. The 2018 edition of Eastern Cape Business is the 11th issue of this highly successful publication that, since its launch in 2006, has established itself as the premier business and investment guide for the Eastern Cape. The Eastern Cape’s investment and business opportunities are highlighted in this publication. In addition to the regular articles providing insight into each of the key economic sectors of the province, there are special features on the role of the renewable energy sector on the region’s future and on the growth of tourism (spurred by the hosting of international events such as the 2018 IRONMAN 70.3 World Championship, the first-ever cricket Test match to be played at night at St George’s Park and Vodacom Origins of Golf events at St Francis Links). All of the major business chambers in the province have made contributions to the journal. To complement the extensive local, national and international distribution of the print edition, the full content can also be viewed online at www.easterncapebusiness.co.za. Updated information on the Eastern Cape is also available through our monthly e-newsletter, which you can subscribe to online at www.gan.co.za, in addition to our complementary business-to-business titles that cover all nine provinces as well as our flagship South African Business title.

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ENTERPRISE DEVELOPMENT: INCAPEACE TRADING AND PROJECTS CC, EASTERN CAPE Incapeace Trading is a 100% black-owned business operating in Libode, on the outskirts of Mthatha. This manufacturing business, started by entrepreneur Anele Peti, will produce bricks and cement blocks to meet the growing demands of the local construction industry. The impact of Old Mutual’s funding will help to create around 27 jobs. In addition, local community members will benefit through a community trust that is being set up by the business, to provide a range of services. Old Mutual Foundation grant: R822 645 Masisizane loan: R4.1 million The MASISIZANE FUND focuses on enterprise development and job creation to help alleviate poverty and improve food security in South Africa. This is achieved through encouraging entrepreneurship and capacity development and financing of micro, small and medium enterprises (SMMEs). Preference is given to SMMEs with 51% plus ownership by women, youth or people with disabilities. Masisizane Fund disbursed R147m worth of funds in 2016 through soft loans in the three high-impact sectors and facilitated the creation of 862 jobs against a target of 625 jobs. In the Eastern Cape, Masisizane disbursed funds of R28 518 891 to five clients which created 234 new jobs. MASISIZANE CASE STUDY IN THE EASTERN CAPE WP Timbers (Pty) Ltd WP Timbers manufactures timber doors and window frames. The entity’s main market is to retail outlets and supplies its products to the following major customers – CashBuild, Buffalo Timber and Penny Pinchers. Thabo Sikukula (the client) purchased 100% of the enterprise from the sellers Mrs Kotze, 70% and Mr Heidtmann, 30%. Thabo gained entrepreneurial experience through other enterprises that he started and managed. However, those businesses placed a lot of reliance on government for market access. Masisizane provided a fund loan amount of R3.75m, SEFA a loan amount of R5m, and Old Mutual Foundation provided a R1.5m grant amount which in turn facilitated the facilitation of 145 new and retained jobs. WANT TO HELP BUILD THE PLATFORM FOR FINANCIAL INCLUSION? Financial education is the gateway to financial inclusion. The Old Mutual Financial Wellbeing programme promotes financial literacy and awareness across market segments in line with the Financial Sector Charter. We offer highly effective financial education and support programmes to help South Africans take control of their finances. Between 2007 and end of 2016 more than 589 808 people were reached through face-to-face workshops held for communities as well as employees in the public and private sector. In 2016 more than 88 000 individuals participated in our On the Money workshops nationally, with 24 674 participating in our Fin360 programmes. In the Eastern Cape 12 910 individuals were trained in our Old Mutual On the Money financial education programme and 2 240 were trained in our Fin360 financial education programme. For more information, contact Vuyisile Koko at EasternCapePMB@oldmutual.com

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