Leroki n sons electical

Business Location:	Rural area - Villages
Province	Limpopo
Branch:	Waterberg
Business Start Date:
Busniess Type:	Company

Business Dynamics and Challenges

Business Activities: Passion Relebogile Fresh Produce struggled with access to funding to increase production. The company relied on 1,5ha piece of land which was not enough to be sustainable. This has had a detrimental impact on the company's growth and development when compared to competitors who have enough capacity to meet demand by the market. The company engages in sustainable trading and adheres to ethical business practices, with the owner committed to positively impacting the community by employing local youth. The enterprise is strategically situated to become a prominent supplier of vegetables in the Lephalale region.

Challenges/Needs: Discussions with Waterberg Business Advisor & Assessment of company revealed, amongst other challenges, the following weaknesses: • Lack of marketing and promotion. • Minimal visibility and awareness within the target market. • Insufficient expansion capital, i.e. stock, equipment.

Intervention Insights and Results

Intervention Details: • To increase the likelihood of securing funding and improve sales, SEDFA supported and prepared client to take part in the Exxaro Pitch for Funding 2024 - Pitching presentation.

Outcome Details: • The business turnover increased from R122 577.00 to R134 577.00, representing an 8.92% increase.
• Growth in sales and net profit resulted in hiring 3 additional employees from the local unemployed community.

Client Feedback

Client Comments: I write this to express my sincere thank you for the assistance provided by SEDFA in the successful assistance to access funding. Your support and guidance, particularly in preparation for pitch for funding at Exxaro, has been great and has significantly contributed to the project's success.