AFRICAN INDUSTRIES INVESTMENT SUPPLY
| Business Location: | Township |
| Province | Mpumalanga |
| Branch: | Nkangala |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Founded and registered in 2019 by Mr. Nkosinathi Nkosi, a young entrepreneur with over eight years of business experience (including construction), the business began operations the same year. Mr. Nkosi serves as the sole director and owner.
Currently, the business operates from a leased commercial site in Klarinet, Witbank. Recently, the company applied for funding through SEDFA to acquire a Dunlop-franchised Tyre Fitment and Sales Centre, which will also be located in Klarinet.
Challenges/Needs:
Challenges Identified.
African Industries Investment Supply was onboarded as a SEDFA client on June 26, 2024, following a visit to the SEDFA Nkangala branch for small business development support. Using the Small Business Assessment Tool (SBAT), the following challenges were identified:
1. Business Plan Development The company required a
comprehensive business plan outlining financial needs and
projections to demonstrate viability and attract potential lenders
and investors.
2. Access to Funding Following a successful application with
Dunlop as a franchisor, the business urgently needed capital to
acquire the franchise and begin operating its own Tyre Fitment
and Sales Centre.
Intervention Insights and Results
Intervention Details:
Interventions / Solutions:
1. Business Plan Development
-. SEDFA assisted the company in developing a detailed and
realistic business plan to strengthen its funding application.
2. Access to Funding
-. SEDFA supported the business in compiling a complete funding
application and facilitated its successful submission to the
SEDFA Provincial Office for review.
1. Business Plan Development
-. SEDFA assisted the company in developing a detailed and
realistic business plan to strengthen its funding application.
2. Access to Funding
-. SEDFA supported the business in compiling a complete funding
application and facilitated its successful submission to the
SEDFA Provincial Office for review.
Outcome Details:
Outcomes / Results
SEDFA’s interventions produced significant results:
1. Business turnover increased from R279,500.00 (at the
Assessment Date) to R645,000.00 (at the Improvement
Assessment Date).
1. Employment grew from 1 employee to 4 employees.
SEDFA’s interventions produced significant results:
1. Business turnover increased from R279,500.00 (at the
Assessment Date) to R645,000.00 (at the Improvement
Assessment Date).
1. Employment grew from 1 employee to 4 employees.
Client Feedback
Client Comments:
N/A
