SYMBIOSIS ENGINEERING
| Business Location: | Rural |
| Province | Mpumalanga |
| Branch: | Nkangala |
| Business Start Date: | 2022-06-05 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
The business is engineering company, which specializes in welding, steel structural construction and steel fabrication.
Challenges/Needs:
The challenges/needs that the business experienced
Lack of capital injection for the purchases of welding machinery and material. Finally, lack business presentation and pitching skills for attraction of prospective financers or funders.
Intervention Insights and Results
Intervention Details:
The client was assisted with various interventions which includes access to finance: African Bank Go-Getters Bootcamp Initial Capital Investment and Pitching.
Outcome Details:
Sedfa intervention assisted the client in successfully achieving the following outcomes:
Improved business presentation and pitching skills
Turnover increased from R 2 898 to R 26 912 per annum.
Total business spending (expenses) increased from R 2 699 to R 27 943.
Increase the number of its employees from 01 to 02, representing a 100% growth.
Improved business presentation and pitching skills
Turnover increased from R 2 898 to R 26 912 per annum.
Total business spending (expenses) increased from R 2 699 to R 27 943.
Increase the number of its employees from 01 to 02, representing a 100% growth.
Client Feedback
Client Comments:
“Thank you Sedfa for assisting my business with funding.”
