Ithuba Recycling (Pty) Ltd
| Business Location: | Township |
| Province | Mpumalanga |
| Branch: | Nkangala |
| Business Start Date: | 2024-12-16 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Ithuba Recycling (Pty) Ltd is a wholly black, women-, youth-, and disability-owned business enterprise founded and registered with the Registrar of Companies in December 2024 by Ms Millicent Sibonile Majola. The business is based in KwaZamokuhle, a township of Hendrina located outside Middelburg, under the Steve Tshwete Local Municipality.
The enterprise operates four dedicated waste collection sites where it purchases recyclable waste from waste pickers, including local waste collectors within the community. This model not only supports the business supply chain but also creates income-generating opportunities for community members.
Challenges/Needs:
Lack of Capital Investment
The business lacked the capital investment required to acquire essential equipment needed to support expansion plans, improve operational efficiency, and increase sales revenue.
Intervention Insights and Results
Intervention Details:
Intervention / Solution (Access to Funding)
SEDFA assisted the business in accessing small business funding through the Office of the Premier’s Youth Fund Challenge Programme. The funding was intended to enable the acquisition of critical equipment, improve operational efficiency, and support the business’s growth objectives.
SEDFA assisted the business in accessing small business funding through the Office of the Premier’s Youth Fund Challenge Programme. The funding was intended to enable the acquisition of critical equipment, improve operational efficiency, and support the business’s growth objectives.
Outcome Details:
Following SEDFA’s intervention, the business achieved the following outcomes:
1. Through the Office of the Premier’s Youth Fund Challenge
Programme, the business was approved for a grant of R1 604
438.31, to be used for the acquisition of the following equipment
(upon disbursement):
• Forklift
• Baler machine
• Two pickup trucks with trailers
• Depot plant setup infrastructure, including fencing and
containers
2. Annual turnover increased from R55 000.00 (as at the
Assessment Date) to R91 500.00 (as at the Improvement
Assessment Date).
3. Employment increased from one (1) employee (as at the
Assessment Date) to three (3) employees (as at the
Improvement Assessment Date).
1. Through the Office of the Premier’s Youth Fund Challenge
Programme, the business was approved for a grant of R1 604
438.31, to be used for the acquisition of the following equipment
(upon disbursement):
• Forklift
• Baler machine
• Two pickup trucks with trailers
• Depot plant setup infrastructure, including fencing and
containers
2. Annual turnover increased from R55 000.00 (as at the
Assessment Date) to R91 500.00 (as at the Improvement
Assessment Date).
3. Employment increased from one (1) employee (as at the
Assessment Date) to three (3) employees (as at the
Improvement Assessment Date).
Client Feedback
Client Comments:
Not Applicable
