PROFITS PROFILE IN THE PIPELINE UIGC forges ahead with exciting initiatives Since calling out for partnerships with privatesector companies, Univen Innovative Growth Company (UIGC) has gone from strength to strength with an exciting array of new ventures and projects in the pipeline. These profitable initiatives are good news for students at the University of Venda, because the additional funds translate into more educational opportunities for the youth. Chief Executive Officer John Mudau updates us with UIGC’s exciting progress. To what extent has UIGC attracted further funding in the past years? As the accounting officer I am happy with the performance of my team. When I joined the team five years ago, the revenue was just over R200 000. I am happy that today UIGC is a multi-million-rand company. We have received a lot of support from both the government and entities of government, especially the Sector Education and Training Authorities of South Africa (SETAs). Our partnership with the private sector ___ __ These profitable initiatives are good news because the additional funds translate into more educational opportunities for the youth. Microscopic view of spirulina The company has created more than 400 sustainable, permanent jobs to date.
We are a point of reference in the sector on how a public institution can partner with the communities for the good of local people on joint programme offerings was phenomenal. We are a point of reference in the sector on how a public institution can partner with the communities for the good of local people. How has UIGC grown? The growth of UIGC is currently characterised by the establishment of entities. The company can congratulate itself on having grown into a group/holding status. The company boasts of the following entities: Security (Pty) Ltd; UIGC Travel (Pty) Ltd; Garcle (Pty) Ltd and a 45% shareholding in the Barotta commercial farm. The growth in the entities is phenomenal. The company has created more than 400 sustainable, permanent jobs to date. To what extent is UIGC succeeding in partnering with the private sector? Our partnership with private-sector companies has yielded great results. Among the success stories are the following partnerships: • UIGC and Duisend partnership. This resulted in a joint venture which is involved in processing and crushing aggregates in Lebowakgomo. The partnership has resulted in a waste rock crushing plant in Lebowakgomo via a joint venture with Duisend (Pty) Ltd. UIGC owns 70% of the entire plant. • UIGC and NAC-SA-NPC. This partnership has resulted in a shareholding of a joint venture which won the bid to manage and run Polokwane International Airport from Gateway Airports Authority Limited (GAAL). This is an exciting multi-billion-rand project which is due to be rolled out in the 2020 financial year. • Musina Spirulina plant. In partnership with the Musina Local Municipality, UIGC has been given the right to revitalise and start production at the spirulina projects. This is another great opportunity which is a product of the partnership between UIGC and other sectors of the economy. • UIGC and Tshakhuma Barotta farm. The partnership between the Tshakhuma CPA and UIGC has taken ____ ___ _ Dr John Mudau another giant step. The partners have agreed to increase the participation of UIGC into farms owned by the Tshakhuma Community Trust. This is a great step forward considering the good work done when revitalising the Barotta farm, which today is equal to any commercial farm in the area. What makes UIGC an attractive investment? We provide hope where none exists. Whenever you partner with us or invest in us, know that you are partnering with a company that provides hope to the many who are in distress. We use all our company sites as training sites for students from both the University of Venda and Vhembe TVET College. The profits generated from our businesses are used to fund students at the University of Venda, particularly those who are considered as the missing middle. What are UIGC’s plans for the next year? As Chief Executive Officer of the company, I am honoured to be part of these developments and growth of the company. In the next five to 10 years, the company aims to be able to provide 50% of the university budget as funding towards bursaries. It is our plan to provide funding for 50% of the students enrolled at the University of Venda regardless of the family background. We think the future looks bright. UNIVEN INNOVATIVE GROWTH COMPANY (UIGC) Dr John Mudau – Chief Executive Officer | Email: John.firstname.lastname@example.org | Tel: 015 962 8754 / 61 Khathutshelo Ligege – Personal Assistant to CEO | Email: Khathutshelo.email@example.com ___ __ We provide hope where none exists. Whenever you partner with us or invest in us, know that you are partnering with a company that provides hope to the many who are in distress. PROFILE