Refilwe Business Cooperation pty ltd
| Business Location: | Township |
| Province | Gauteng |
| Branch: | Seda Tshwane Branch |
| Business Start Date: | 2017-06-05 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
The business sell Groceries, Airtime, snacks and cooldrinks. The ADDPAY machine does, among other things, sell betting vouchers.
Challenges/Needs:
The business experienced the following challenges
Lack of formalization of the informal settlement.
Lack of business skills such as financial management, business planning administration and marketing.
Stiff competition from foreign nationals operated spaza shops.
Poor / no marketing for the business.
Lack of access to funding.
Intervention Insights and Results
Intervention Details:
• The business owner attended a briefing session in 2021, in Refilwe and made a follow-up visit where he was assessed and became a Sedfa client since. The following interventions were implemented in the client business.
o The business received Start-Up 1 course, Financial Management training from Sedfa as well as ADDPAY POS machine.
o The business owner is approved for W&R Seta grant for Inventory Training and stock funding;
o The business received Start-Up 1 course, Financial Management training from Sedfa as well as ADDPAY POS machine.
o The business owner is approved for W&R Seta grant for Inventory Training and stock funding;
Outcome Details:
• The Sedfa’s Intervention has benefited the client in the following ways
Sedfa advisory, Trainings interventions as well as W&R Seta inventory Management training and Stock valued at R6 500 improved sales (variety and availability) and reputation.
The business is running more efficiently in respect of financial management, administration, and general operations
The business’s turnover improved by R48 000, or 16% from R302 000 to R350 000. The net profit also improved by R7 000 from R1 000 to R8 000.
One new job was sustained.
Sedfa advisory, Trainings interventions as well as W&R Seta inventory Management training and Stock valued at R6 500 improved sales (variety and availability) and reputation.
The business is running more efficiently in respect of financial management, administration, and general operations
The business’s turnover improved by R48 000, or 16% from R302 000 to R350 000. The net profit also improved by R7 000 from R1 000 to R8 000.
One new job was sustained.
Client Feedback
Client Comments:
I am grateful for Sedfa assistance, many, many thanks
