Tebello Ya Rona Group PTY LTD
| Business Location: | Peri Urban |
| Province | Gauteng |
| Branch: | Seda Johannesburg Branch |
| Business Start Date: | 2021-10-01 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Manufacturing (Cleaning products) and Service (Cleaning Services)
Challenges/Needs:
A Business Model Canvas Assessment was conducted on the business and the following challenges/ needs were identified:
The company attained a 5-year contract with Harmony Gold Mine to supply all their branches with cleaning supplies and equipment and had no working capital for the initial orders of R900 000.
Intervention Insights and Results
Intervention Details:
Facilitate access to funding: funding applications were facilitated on behalf of the client through Business Partners and ABSA ED Division. ABSA approved the application for R500 000.
A second funding application has been submitted for Sedfa Asset Assist Programme.
A second funding application has been submitted for Sedfa Asset Assist Programme.
Outcome Details:
funding applications were facilitated on behalf of the client through Business Partners and ABSA ED Division. ABSA approved the application for R500 000. A second funding application has been submitted for Sedfa Asset Assist Programme.
As a result of the funding, the company has been able to increase its Turnover by 94% and created 17 new jobs.
As a result of the funding, the company has been able to increase its Turnover by 94% and created 17 new jobs.
Client Feedback
Client Comments:
I’m writing this with the greatest gratitude, I would like to thank you Angeline and your office for the assistance you gave me in obtaining financing for Purchase Orders when I came to your office. ABSA has assisted me a great deal, more than words could express. Thank you for your
intervention.
intervention.
