Ndizwenezwo Business Enterprise was established in 2004 as a construction company. When one of the members resigned in 2008, the remaining member, Ms Prudence Manala, decided the time was ripe to venture into agriculture. With a 10 ha piece of land available, the agricultural endeavour proceeded, producing cabbages, butternuts, tomatoes and chillies. Realising that the need existed to explore larger agricultural markets, Prudence approached Seda to assist.
In the process of exploring larger markets it became clear that to adequately service larger markets, it would be necessary to increase production and to achieve this, additional resources would be required. Prudence simply did not have the finances to cover the costs of additional machinery and materials.
Seda assisted with the development of a business plan and an application for funding. A potential funder was identified and the plan and application were submitted through De Beers Venetia Mine to Anglo Gold Zimele Community Fund. Seda’s business advisor facilitated meetings with the Community Fund officials and assisted with presentations.
Based on the business plan, Anglo Gold Zimele Community Fund agreed to provide a business loan to the value of R179, 889.50;
Using the loan, Ndizwenezwo debushed additional tracts of land on its holding, drilled a borehole to ensure a regular water supply; and purchased farming equipment, a generator and seedlings;
Production increased, allowing the business to supply not only the local informal markets, but also Pick n Pay and Spar in Thohoyandou and the Johannesburg City Deep Market;
Ndizwenezwo now has an estimated annual turnover of R297, 000 and employs six permanent employees and eight seasonal employees.
Advice to other SMMEs
“Approach Seda from the get-go, you do not have to go through the start-up process on your own”, says Prudence.