Temo Farming Supplies (Pty) Ltd
| Business Location: | Rural & Township |
| Province | Eastern Cape |
| Branch: | Alfred Nzo |
| Business Start Date: | 2016-05-09 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
•Temo Farming Supplies (Pty) Ltd is a 100% black owned company based at Ongeluksnek Farm in Matatiele. The business was founded by Mr Khahliso Sabasaba who is passionate about crop production and livestock. He acquired 60 hectares of land and started operations at the beginning of May in 2016. Size of the farm is 457 hectares currently
•The company specialises in maize production as they identified an opportunity in the community to bring and supply them with animal feed and later started to supply some retail stores and also export to Lesotho. They are very passionate about mixed farming (Livestock & crop).
•The business owns 83 Bonsmara cattle and 2 Bonsmara bulls. The farm has about 100 hectares of arable land where they currently grow maize.
Challenges/Needs:
•The challenge facing the business was that they were unable to meet the demand for crushed maize to make animal feed as the equipment was not enough. It was then important that the business gets its own machinery that has capacity to deliver to their customers on time. The intervention was a fundamental step that will assist the business towards the process of attaining access to finance, hence the implementation of intervention of Asset Assist.
Intervention Insights and Results
Intervention Details:
•The client was referred to a Business Advisor who, after consultation registered the client and conducted diagnostic assessments on the business. The assessment revealed that the business was very sensitive to either and increase or decrease of sales. One important issue the business had to focus on was to increase the turnover.
•As a Business Advisor I assisted the business with access to funding to meet all the requirements of Asset Assist program to improve the sales by getting more clients to the business, as a result they attracted more clients that came to the business to buy feed.
•As a Business Advisor I assisted the business with access to funding to meet all the requirements of Asset Assist program to improve the sales by getting more clients to the business, as a result they attracted more clients that came to the business to buy feed.
Outcome Details:
•The business has been successfully as the access to funding was approved to the value of R192 106 and acquired the equipment needed.
•Through the assistance received, the performance of the business improved the turnover increased by 34% from R340 000 to R456 749.
•Employment remained at 5 employees.
•Through the assistance received, the performance of the business improved the turnover increased by 34% from R340 000 to R456 749.
•Employment remained at 5 employees.
Client Feedback
Client Comments:
•We are thankful to Sedfa who assisted us with getting access to funding through Asset Assist which helped us getting new equipment resulting in attracting more clients coming through.
