Introduction
In 2006, twin brothers Nicolas and Shadrack Temba established their printing, stationery and catering company, Nkumbe Promotions and Hire, at the Bushbuckridge shopping complex in Mpumalanga.
Challenge
The company had the following challenge:
The brothers soon realised that their retail experience and passion aren't enough to ensure success. To access capital for new equipment and business growth, they also needed a sound business plan.
Solution by Seda
Lacking the skills to formulate such a plan, the Tembas turned to Seda for help who assisted him to develop a professional business plan. Enterprise development programme Anglo Zimele was impressed by the potential outlined in the business plan, and readily agreed to a R365 000 loan. Seda has also provided basic business skills training, including financial, human resources and marketing training for the company, and conducts ongoing mentoring and coaching to propel Nkumbe Promotions and Hire to even greater success.
Results
This injection of capital as well as other Seda interventions has allowed the Temba twins to create six new jobs in their company while boosting their turnover by almost 1100%.