Xhoebie's Richveld Mining cc
| Business Location: | Rural area - Villages |
| Province | Northern Cape |
| Branch: | Namakwa |
| Business Start Date: | 2012-01-23 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Construction
Challenges/Needs:
Xhoebies Richtersveld Mining CC; faced significant growth constraints due to a lack of access to modern machinery and equipment. As a result, operations were limited to small-scale projects, restricting the company’s ability to take on larger contracts from corporate clients.
These limitations were further exacerbated by the economic impact of the post-pandemic period, which strained resources and delayed expansion efforts. To meet project demands, the company was often forced to hire tools and equipment—an added expense that placed pressure on profit margins and hindered overall financial sustainability
Intervention Insights and Results
Intervention Details:
To address its operational challenges and unlock growth potential, Xhoebies Richveld Mining CC seized the opportunity to apply for the Asset Assist Programme. The application was successful, and in December 2024, the company received essential equipment through the programme.
This strategic intervention marked a turning point for the business—enabling it to:
•Expand its capacity to take on larger projects
•Reduce reliance on rented tools and machinery
•Improve operational efficiency and profitability
•Reposition itself competitively within the construction and mining sectors
The support provided through Asset Assist has helped revive the company’s momentum and laid a stronger foundation for sustainable growth.
This strategic intervention marked a turning point for the business—enabling it to:
•Expand its capacity to take on larger projects
•Reduce reliance on rented tools and machinery
•Improve operational efficiency and profitability
•Reposition itself competitively within the construction and mining sectors
The support provided through Asset Assist has helped revive the company’s momentum and laid a stronger foundation for sustainable growth.
Outcome Details:
Following the successful intervention through the Asset Assist Programme, Xhoebies Richveld
Mining CC has significantly improved its operational efficiency and service delivery to clients across
the Namakwa region.
Key achievements include:
• Revenue Growth: Business turnover increased from R511,000 in April 2024 to R725,000 by
August 2025—reflecting a 40% growth in revenue.
• Employment Expansion: The company expanded its workforce from 5 employees to 14,
representing a 180% increase in job creation and contributing to local economic
development.
• Profit Surge: Net profit rose dramatically from R614 to R81,191, a staggering 13,132% growth,
largely due to the elimination of equipment rental costs and improved operational capacity.
This transformation has positioned Xhoebies Richveld Mining CC for continued growth, greater
competitiveness, and deeper impact within the construction and mining sectors.
Mining CC has significantly improved its operational efficiency and service delivery to clients across
the Namakwa region.
Key achievements include:
• Revenue Growth: Business turnover increased from R511,000 in April 2024 to R725,000 by
August 2025—reflecting a 40% growth in revenue.
• Employment Expansion: The company expanded its workforce from 5 employees to 14,
representing a 180% increase in job creation and contributing to local economic
development.
• Profit Surge: Net profit rose dramatically from R614 to R81,191, a staggering 13,132% growth,
largely due to the elimination of equipment rental costs and improved operational capacity.
This transformation has positioned Xhoebies Richveld Mining CC for continued growth, greater
competitiveness, and deeper impact within the construction and mining sectors.
Client Feedback
Client Comments:
On behalf of Xhoebie’s Richveld Mining cc, I would like to express our heartfelt gratitude to Asset
Programme (ASP) Funding and SEDA (newly SEDFA) for awarding us this generous grant to procure
essential tools for our business. This support comes as a tremendous uplift, especially following the
challenges posed by the COVID-19 pandemic, which significantly impacted businesses like ours.
As a construction and general repair company, having our own tools not only enables us to save on
hiring costs but also ensures improved efficiency and profitability. Previously, hiring tools for projects
had been a significant expense, limiting our ability to maximize profits. With this grant, we are now
empowered to reinvest in our business and explore new opportunities, such as offering tool-hiring
services as an additional income stream.
We deeply appreciate the commitment and vision of SEDA (newly SEDFA) in the Namakwa Region
as well as this ASP Funding Programme in supporting small businesses like ours. Your support is not
only an investment in our growth but also a testament to the importance of empowering
entrepreneurs in rebuilding our economy.
Thank you once again for believing in our potential and helping us take this vital step toward
sustainability and growth. We encourage you to continue this invaluable initiative, as it has a
profound impact on businesses like ours and the communities we serve.
Programme (ASP) Funding and SEDA (newly SEDFA) for awarding us this generous grant to procure
essential tools for our business. This support comes as a tremendous uplift, especially following the
challenges posed by the COVID-19 pandemic, which significantly impacted businesses like ours.
As a construction and general repair company, having our own tools not only enables us to save on
hiring costs but also ensures improved efficiency and profitability. Previously, hiring tools for projects
had been a significant expense, limiting our ability to maximize profits. With this grant, we are now
empowered to reinvest in our business and explore new opportunities, such as offering tool-hiring
services as an additional income stream.
We deeply appreciate the commitment and vision of SEDA (newly SEDFA) in the Namakwa Region
as well as this ASP Funding Programme in supporting small businesses like ours. Your support is not
only an investment in our growth but also a testament to the importance of empowering
entrepreneurs in rebuilding our economy.
Thank you once again for believing in our potential and helping us take this vital step toward
sustainability and growth. We encourage you to continue this invaluable initiative, as it has a
profound impact on businesses like ours and the communities we serve.
