Pontshoanas Trading
| Business Location: | Rural area - Villages |
| Province | Limpopo |
| Branch: | Sekhukhune |
| Business Start Date: | 2013-07-20 |
| Busniess Type: | cc |
Business Dynamics and Challenges
Business Activities:
The business specializes in Information technology services and internet café services.
Challenges/Needs:
• Lack of proper financial records and system.
• Lack of funds to acquire bakkie for call outs on ICT services.
Intervention Insights and Results
Intervention Details:
• Financial clean up and implementation of financial management system.
• Facilitation of access to funding through Sedfa.
• Continuous mentoring.
• Facilitation of access to funding through Sedfa.
• Continuous mentoring.
Outcome Details:
• The business managed to secure grant funding worth R233 000.00 from Asset Assist Program to acquire a bakkie which assisted in increasing sales.
• For the financial year 2023/24 the company recorded a turnover of R 629 985.00 with operational costs of R 634 719 which translate to the net loss for the year before tax of R 4 734. This translates to the following positive results for the business.
- Increase in turnover of 23.11% from R 511 730 to R 629 985.
- Shifted from net loss of R 10 202 to R 4 734.
- The business managed to retain 10 employees including the owners.
• For the financial year 2023/24 the company recorded a turnover of R 629 985.00 with operational costs of R 634 719 which translate to the net loss for the year before tax of R 4 734. This translates to the following positive results for the business.
- Increase in turnover of 23.11% from R 511 730 to R 629 985.
- Shifted from net loss of R 10 202 to R 4 734.
- The business managed to retain 10 employees including the owners.
Client Feedback
Client Comments:
We appreciate Sedfa for coming through for our business, it means a lot
