2 years ago

Limpopo Business 2021-22

  • Text
  • Education
  • Water
  • Tourism
  • Agriculture
  • Business
  • Investment
  • Development
  • Industrial
  • Wwwglobalafricanetworkcom
  • Programme
  • Projects
  • Infrastructure
  • Province
  • Mining
  • Roads
  • Economic
  • Sector
  • Provincial
  • Limpopo
The 2021/22 edition of Limpopo Business is the 13th issue of this highly successful publication that, since its launch in 2007, has established itself as the premier business and investment guide for the Limpopo Province. Limpopo has been attracting significant investments in the mining sector in recent years and with commodity prices of certain minerals rising in response to demand in the renewable energy and automotive sector, mining houses are well-positioned to expand production even further. This journal carries messages of welcome to investors from the province’s Premier and the MEC for Economic Development, Environment and Tourism. In addition to the regular articles providing insight into each of the key economic sectors of the province, there is special feature on plans to catalyse investment and growth in the province through measures such as industrial parks and the Musina-Makhado Special Economic Zone in the province’s far north, which is attracting billions of dollars in investment. News related to mining, agriculture, tourism, construction and property, water, education and development finance is carried in overviews of the main economic sectors.

FOCUS Partnership helps

FOCUS Partnership helps small business De Beers Group and Seda assist small business owners. Twenty-four SMMEs recently participated in an intense four-day business support training offered by the Small Enterprise Development Agency (Seda) in partnership with De Beers Group. The training was centred on providing small businesses with core business knowledge and skills that form the basis of a successful business. Training included: • identifying and demonstrating entrepreneurial ideas and opportunities • determining financial requirements of a new venture • matching new venture opportunity to market needs • managing, marketing and selling processes of a new venture. A delighted Eunice Madinginye, owner of Mazinyo Business Enterprise and beneficiary of the training, said, “I now realise how important bookkeeping is in managing any business’s finances. This training help a lot in providing assistance to us.” Peter Mokgobi, owner of SUS Holdings (Pty) Ltd, said, “The training was very good. I have learned how to better manage my business by ensuring that I always keep records of my transactions in my business books.” Through its partnership with Seda, Venetia Mine is actively empowering small business owners with the necessary skills to enable them to take their businesses to greater heights. The aim is to provide annual training to 100 SMMEs in both Blouberg and Musina. SMMEs go digital The Covid-19 pandemic was a catalyst for digital transformation. During 2020, more business meetings occurred on MS Teams and Zoom than in person, and e-commerce sales transactions surpassed in-person transactions due to people practicing social distancing. Now, more than ever, businesses are obligated to adapt to a new normal and are required to explore other platforms and create new revenue streams. For this to happen successfully, businesses will need to create expansion strategies, which enable them to reach new market segments and geographies through the adoption of current trends and emerging technologies. Venetia Mine’s Business Hub sought to assist SMMEs in the supplier development programme by sponsoring websites for each business that did not currently have one. Supplier Development Practitioner at the Business Hub, Peter Koitsioe, says, “Websites serve as a growth and new market reach tool. In a digitised economy, small businesses can look forward to creating their own digital footprint. This will eventually transcend into e-commerce and the adoption of other future blockchain technologies in financial technology.” ■ LIMPOPO BUSINESS 2021/22 58

FOCUS Local roads contractor awarded Zimele loan Venetia Mine’s enterprise development arm lends a hand to small and medium enterprises, helping them to grow. With a little help from Zimele, a small civils and road construction company based in Alldays, Mmamoruanare Construction Projects, has seen its fortunes soar over the past year. Director Peter Sello Kobe founded the company in 2010 when he began to explore the world of construction and to pursue his passion. He then applied for an SMME Development Programme through Hillary Construction (Pty) Ltd, which assisted with sub-contracts in various major projects. In 2020, the company was awarded a threeyear contract for the repair and maintenance of both the D2692 and R521 roads that connect Alldays to Musina. The supplier, who had previously been providing construction services on an adhoc basis to contractors at Venetia Mine, has now successfully completed all projects on schedule and according to agreed quality standards. This performance has earned him a 36-month contract. In contributing to local employment, the supplier has provided full-time employment opportunities to 24 people from local communities. Mmamoruanare Construction also received financial support in a form of a soft loan in order to assist with buying a brand-new vehicle, machinery such as a concrete mixer, a concrete cutter, a double drum roller and a rollmac trailer. In commenting about what the loan means for him, Kobe said, “I am incredibly relieved because I will no longer have to spend a lot of money on hiring equipment and machines. Now that I have my own assets, I am able to save some money – all thanks to Venetia Mine.” Kobe continues to receive mentorship through the De Beers Supplier Development programme, which enables him to manage his business efficiently and sustainably. ■ 59 LIMPOPO BUSINESS 2021/22

Copied successfully!

Other recent publications by Global Africa Network: