Matira Engineering Solutions
| Business Location: | Urban |
| Province | Limpopo |
| Branch: | Capricorn |
| Business Start Date: | 2012-04-01 |
| Busniess Type: | cc |
Business Dynamics and Challenges
Business Activities:
General Engineering; equipment refurbishment, Grade Blade, Repairs and maintenance of hydraulic components, CO Welding, Cylinder repairs, power head repairs.
Automobile services: Major and minor services, Engine overall, suspension overhaul, diagnostic services, wheel bearing fitted.
Challenges/Needs:
At the time of engaging with SEDFA, the business faced two key challenges. First, the owner lacked formal financial management skills necessary for making informed strategic decisions to maintain healthy cash flow and optimize profitability. Second, the business operated without formal human resource policies, which resulted in unclear workplace rules, undefined job roles, and a lack of performance and behavior standards.
Intervention Insights and Results
Intervention Details:
Following a thorough diagnostic assessment, two targeted interventions were implemented: the development of comprehensive human resource policies and the provision of financial management training. These initiatives aimed to strengthen the internal management capacity of the business
Outcome Details:
Through the financial management skills acquired, the business owner was able to track and monitor which services contribute more to profitability. As a result, the business was able to increase its annual turnover by 68% from R3,012,541 to R5,046,204. This was achieved by identifying more profitable services which was the jobs carried on the yellow machines. The business strategy going forward, is to acquire more jobs on these services to maximise profitability. The business owner is also able to interpret and make informed decisions based on financial reports compiled by external accountants.
Implementation of HR Policies assisted the business to comply with labour laws, health and safety regulations and employment standards. Policies have assured employees with fair and equal treatment, and this has reduced staff turnover and encouraged a positive and productive work environment. The business was able to retain its 6 employees from the previous assessment stage and created 2 more jobs.
Implementation of HR Policies assisted the business to comply with labour laws, health and safety regulations and employment standards. Policies have assured employees with fair and equal treatment, and this has reduced staff turnover and encouraged a positive and productive work environment. The business was able to retain its 6 employees from the previous assessment stage and created 2 more jobs.
Client Feedback
Client Comments:
We would like to express our sincere gratitude to the government for the valuable support and training provided to our company. The guidance and education on current policies have had a significant and positive impact on our operations. This initiative has not only improved our operational compliance but has also empowered us to make informed decisions, enhance internal processes, and promote a culture of continuous improvement within the organization. We deeply appreciate the government's continued efforts to support businesses through such practical and forward–thinking initiatives. Programs like these strengthen the collaboration between the public and private sectors and contribute to long-term sustainable development.
Thank you once again for your support and partnership.
Thank you once again for your support and partnership.
