Gauteng Business 2016 edition
The 2016 edition of the Gauteng Business and Investment Guide is the premier business and investment guide for the Gauteng province and the Gauteng Growth and Development Agency (GGDA). In addition to detailed profiles of key provincial organisations, including the GGDA, the Automotive Industry Development Corporation Centre (AIDC), the Gauteng Investment Centre, the Gauteng IDZ, the Gauteng ICT Park SEZ and Constitution Hill, this edition includes well-researched economic and demographic data on the province, as well as insights into the province’s five development corridors and the new industries and development nodes in these corridors; a focus on Gauteng as a global city region; and key growth sectors for the province.
The 2016 edition of the Gauteng Business and Investment Guide is the premier business and investment guide for the Gauteng province and the Gauteng Growth and Development Agency (GGDA). In addition to detailed profiles of key provincial organisations, including the GGDA, the Automotive Industry Development Corporation Centre (AIDC), the Gauteng Investment Centre, the Gauteng IDZ, the Gauteng ICT Park SEZ and Constitution Hill, this edition includes well-researched economic and demographic data on the province, as well as insights into the province’s five development corridors and the new industries and development nodes in these corridors; a focus on Gauteng as a global city region; and key growth sectors for the province.
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INTERVIEW<br />
equity assists the franchisee in marketing the store<br />
locally as the product is already known and tested<br />
in the market.<br />
How are you able to assist your clients?<br />
We offer short- and long-term funding solutions to<br />
our clients based on their business needs. We use<br />
either pure debt or blended finance instruments<br />
(this can include both debt and equity funding),<br />
depending on the viability of the business concept.<br />
We also offer incubation opportunities to businesses<br />
that meet the criteria but that are not at the right<br />
stage of being funded – be it a lack of access to<br />
markets or the requisite technical skills or knowledge.<br />
We also offer business support services to funded<br />
businesses to ensure they grow and sustain their<br />
business performance. The level of support can also<br />
entail linking the client to a mentor to assist with<br />
areas of development or improvement.<br />
CTU MANUFACTURING CO-OP<br />
This co-operative was founded in 2008 in<br />
<strong>Gauteng</strong> centring around manufacturing fully<br />
guaranteed products such as hospital linen,<br />
apparel/attire, uniforms as well as corporate<br />
and personal protective clothing.<br />
As professional nurses the owners saw an<br />
opportunity to supply hospitals with apparel.<br />
They resigned and went for business training<br />
to turn their idea into reality and have since<br />
created 56 employment opportunities for<br />
disadvantaged women in <strong>Gauteng</strong>. CTU received<br />
loan funding from the Fund in 2013 for<br />
the fulfilment of contracts with the <strong>Gauteng</strong><br />
Department of Health. A second facility in<br />
2014 ensured successful delivery of various<br />
contracts in 2015. CTU provides in-house training<br />
and experience to young graduates.<br />
What difficulties do SMMEs face?<br />
There is a funding gap or shortfall at this level, as<br />
funding is not easy to obtain without a track record<br />
in terms of products, services and access to consistent<br />
markets. In the semi-established business<br />
category there is a drive for business owners to grow<br />
their businesses and take them to the next level, but<br />
access to markets and flexible funding solutions still<br />
pose a major challenge. The Fund sees great value in<br />
assisting these companies as they are committed to<br />
creating jobs and thus contributing to the reduction<br />
of unemployment and alleviating poverty.<br />
What makes a successful SMME?<br />
A hardworking and passionate entrepreneur who<br />
has both a clear vision in addition to the ability to<br />
implement a sound business strategy throughout<br />
the business. Someone with the ability to produce or<br />
offer a quality product or service to the market and<br />
deliver on time. Access to consistent markets and the<br />
ability to market the product to the target market.<br />
Also important to enable their business to grow is<br />
access to affordable funding opportunities, stringent<br />
cash management and budgeting, the ability to<br />
identify good investment opportunities and having<br />
a business model that is sustainable, in addition to<br />
the ability to create or maintain jobs.<br />
CONTACT INFO<br />
Physical address: Isibaya Building,<br />
93 Grayston Drive, Sandton<br />
Postal address: PO Box 784531,<br />
Sandton, 2146<br />
Tel: +27 11 217 1746<br />
Website: www.masisizane.co.za<br />
107 GAUTENG BUSINESS <strong>2016</strong>