Tailored SME support results in enterprise being awarded lucrative contract.
MTC provide conveyor belt sweeping and maintenance to mines. Selected as one of the five enterprises that Xstrata would invest SME Support in as a part of the Social and Labour Plans, they have greatly benefitted from the support provided by Edge Growth.
Edge Growth assessed the needs of the business and then provided the following support based on the assessment outcome:
- Assistance with administration and regulatory compliance
- Management training
- Capacity building to deliver on new contract- developing a marketing plan in order to grow the number of customers serviced
- Assisting the business to deliver on the larger volumes has enabled them to grow operations sustainably, gaining access to larger contracts and in doing so provide sustainable employment for workers surrounding the mines
High potential SME gains access to finance and growth support resulting in business generating a profit and doubling turnover.
Vehicle funding provides a consistency, reliability, and flexibility to operations, creating greater potential for future revenue growth.
Growth finance from the Vumela Fund for enables SME to expand locally and internationally both in existing and new markets.