Finbuck Trading Pty Ltd
| Business Location: | Township |
| Province | Free State |
| Branch: | Mangaung Branch |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Finbuck Trading (PTY) LTD (Deedee Hygiene Solutions)
Challenges/Needs:
1. Limited Access to Funding – Securing capital for expansion, purchasing equipment, and scaling operations is a major challenge, especially for small, black woman-owned businesses.
2. Competition with Established Brands – Larger, well-known brands have bigger marketing budgets, making it difficult for emerging businesses to gain visibility and customer trust.
3. High Cost of Raw Materials & Machinery – The rising cost of input materials and manufacturing equipment limits production capacity and profitability.
4. Infrastructure & Logistics Issues – Free State’s rural areas may face challenges such as poor road infrastructure, electricity shortages, and unreliable supply chains, affecting production and distribution.
5. Regulatory & Compliance Hurdles – Navigating complex industry regulations, certifications, and health & safety standards can be costly and time-consuming.
6. Market Access & Distribution – Expanding into national and international markets requires strong distribution networks, which can be costly for a growing business.
7. Skilled Workforce Shortages – While the business aims to upskill youth, finding experienced personnel in chemical manufacturing can be a challenge.
8. Economic Uncertainty – Fluctuations in the economy, inflation, and changing government policies impact consumer spending and business operations.
9. Limited Consumer Awareness – Without substantial marketing, reaching new customers and educating them on the benefits of the products is difficult.
Intervention Insights and Results
Intervention Details:
Finbuck Trading and Projects has received significant support from SEDFA to enhance its growth and competitiveness. The company was awarded R250,000 in Asset Assist funding, enabling the acquisition of essential equipment to improve production capacity. Additionally, SEDFA has provided access to marketing opportunities, helping to increase brand visibility and competitiveness.
To further strengthen the business, Productivity SA training has been introduced to enhance production efficiency and streamline operations. SEDFA is also in the process of finalizing a Quality Management System (QMS) intervention, which will ensure compliance with industry standards and improve product quality.
Recognizing Finbuck’s excellence, Naledi Phahlo won her category ( Rural Based Entreprneur) in the Provincial Presidential Awards, further enhancing the company’s credibility and opening new business opportunities. These interventions collectively support Finbuck in expanding its operations and sustaining long-term success.
To further strengthen the business, Productivity SA training has been introduced to enhance production efficiency and streamline operations. SEDFA is also in the process of finalizing a Quality Management System (QMS) intervention, which will ensure compliance with industry standards and improve product quality.
Recognizing Finbuck’s excellence, Naledi Phahlo won her category ( Rural Based Entreprneur) in the Provincial Presidential Awards, further enhancing the company’s credibility and opening new business opportunities. These interventions collectively support Finbuck in expanding its operations and sustaining long-term success.
Outcome Details:
As a result, Finbuck’s revenue has grown from R1,027,552 to R2,008,994 on a yearly basis, nearly doubling within a short period. This expansion has also enabled the company to increase employment by eight additional staff members, further contributing to job creation and economic empowerment. The interventions have positioned Finbuck on a strong growth trajectory, ensuring long-term sustainability and continued impact in the cleaning and hygiene sector.
Client Feedback
Client Comments:
I am very grateful for the assistance of SEDFA and appreciate the continued support.
