Babongile Trading
| Business Location: | Township |
| Province | KwaZulu-Natal |
| Branch: | Durban |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Construction and Plant hire
Challenges/Needs:
The diagnostic assessment conducted on the business highlighted the need for additional equipment, as the business frequently resorts to hiring supplementary plant to execute construction projects and meet growing customer demand for plant hire services.
Intervention Insights and Results
Intervention Details:
The business was supported through the Asset Assist Funding Programme to acquire construction equipment worth R242 600.00.
Outcome Details:
Turnover Increase (6 months): Revenue grew from R535 747.00 to R612 064.00, reflecting a 14% increase. This growth is largely attributed to the acquisition of additional equipment and project secured for construction of rental apartments at Bridge City valued at R960 000.
Job Creation: The workforce expanded from 8 to 10 employees, representing a 25% increase in employment. The Net Profit increased from R17 845 to R186 211, reflecting a significant increase of 943%.
Job Creation: The workforce expanded from 8 to 10 employees, representing a 25% increase in employment. The Net Profit increased from R17 845 to R186 211, reflecting a significant increase of 943%.
Client Feedback
Client Comments:
Thank you Sedfa for all the support, we would not have made it without you.'"
