Soga Service Practitioners
| Business Location: | Urban |
| Province | |
| Branch: | Amathole |
| Business Start Date: | |
| Busniess Type: |
Business Dynamics and Challenges
Business Activities:
• Soga Service Practitioners is a printing and branding retail and service store that is situated in the bustling CBD area of Vincent in East London. It was established in 2017 by Ms Asanda Soga, a sole director.
• The business has been a Seda client for the past seven years and was previously supported with various interventions.
Challenges/Needs:
The business challenges were-;
Lack of capital to invest in high-tech equipment to meet customer demands
They were renting a printing machine and this affected their monthly cash flow and profitability
The rental machine did not meet the high-tech efficiency and quality that their market expected
Intervention Insights and Results
Intervention Details:
• After application to the Asset Assist Programme, the business was assessed and satisfied the criteria to prove that it had consistency, sustainability and gradual sales growth.
Outcome Details:
The business was successful in their application for ASSET ASSIST to the value of R226 828 in order to support it for further growth.
Client Feedback
Client Comments:
“This intervention will assist to reduce the financial strain on the business because the rental fee is quite steep”
