Gauteng Business 2017/18 is the ninth edition of this highly successful annual journal, that has established itself as the premier business and investment guide for the Gauteng province. Special features for 2017/18 include a focus on major new developments in the region’s metros, complemented by detailed overviews of the main economic sectors in South Africa’s most important provincial economy.
2017
2017 marks the tenth anniversary of the Masisizane Fund. Established as an initiative of Old Mutual South Africa in 2007 following the closure of the Unclaimed Shares Trust, the Fund has made good inroads in fulfilling their mandate to contribute meaningfully to employment creation, poverty eradication, the reduction of inequality, economic growth and attraction of investments. In 2016, loans to the value of R26.3 million were approved for the Gauteng region alone, creating 201 jobs. 65.8% of these loans were given to male owned businesses, 29.7% to female owned and 4.5% to youth owned businesses. The Masisizane Fund offers tailored integrated and flexible financial and non-financial solutions including financial education, capacity development and mentoring support. “We take time to fully understand each enterprise’s needs, challenges and characteristics. The understanding and the partnerships it creates with small business owners adds value and offers innovative enterprise finance models aimed at ensuring long-term enterprise growth, sustainability and development impact” says Nandi Gaqa, Provincial Manager, Central Region. Nandipa Gaqa, Provincial Manager Central Region A Masisizane Client Competition was launched in the second half of 2016 to celebrate outstanding achievements by our clients. This competition comprises of five provincial events followed by a national event in July 2017 where we will celebrate our 10th anniversary and announce the overall national winner of the competition. CTU Manufacturing Co-operative (CTU) left the 2016 Gauteng competition with three of the five awards. CTU Manufacturing Cooperative won the Best Female Owned Business, Best Employer of the Year and Business of the Year awards. CTU was registered in 2009 and is a business 100% owned by black women. The business is managed by Nonhlanhla Mphachoe and Busisiwe Bhengu who are seasoned business women and operates from premises in Doornfontein in downtown Johannesburg. CTU specialises in manufacturing hospital clothing, linen and medical accessories. Their range includes bed sheets, night dresses, theatre gowns, lab coats, pillow cases, maternity tops, towelling gowns and pyjamas amongst others. The business has sustained and built a
MASISIZANE FUND reputation for itself over years due to the directors’ ability to execute orders. CTU initially received a loan from the Masisizane Fund in 2013 to purchase the raw material required to execute orders. In 2014, the loan was approved for a revolving facility to enable CTU to execute a 12 month contract. As a result of this funding, CTU could increase its revenue and more than double its number of employees, sewing machines and profitability. Achievements like these make CTU a truly worthy winner of these three awards. The remaining awards were won by GTL Food Manufacturing & Distribution (Pty) Ltd for Entrepreneur of the Year and The Coffee Stop Shop Rivonia for Best Youth Owned Business. Busisiwe Bhengu and Nonhlanhla Mphachoe in the factory at CTU. Zizipho Nyanga, CEO Masisizane, Lorato Phalatse and Mlulami Manjezi, both Board Members of Masisizane, Nonhlanhla Mphachoe and Busisiwe Bhengu, directors of CTU and Tumi Sefolo, Sector Head Franchising at Masisizane. The Masisizane Fund can be contacted at: Kokstad Flagship Office 039 727 3100 NDlamini2@oldmutual.com Eastern Cape 043 704 0116 PMlilo@oldmutual.com Gauteng (incl. North West, Free State) 011 217 1746 NBoqo@oldmutual.com Western Cape 021 509 5074 ASnyders@oldmutual.com KwaZulu-Natal 031 335 0402 SNkosi4@oldmutual.com Limpopo (Incl. Mpumalanga) 015 287 4279 BSemenya@oldmutual.com OMBDS 01.2017 L10097 An initiative of the Group Old Mutual is a Licensed Financial Services Provider
