Sign In  
Seda Home
Skip navigation links
Annual Reports
Budget Speeches
Seda Publications
Small Business Monitor
Research Publications
Small Business Publications
Success Stories

 Content Editor Web Part

Seda Northwest Province
51 Leask Street West end Building
Klerksdorp, 2570
Tel:+27 18 462 1376/9 
Fax:  +27 18 462 1385
Serongwa le Tshekweng trading is a 100% black owned business which was started and registered in 2007.  The owner Mr Joel Papalagae has the background and experience in the engineering field, which gives him a competitive edge in the target market.
The following challenges were identified:
  • Obsolete equipment and machinery
  • Low working capital
  • Delivery Vehicle
  • Limited skilled staff.
 Solution by Seda
Total Capital investment of R110 000 was injected in the business to improve on the capitalization structure of the enterprise in terms of
  • Functional plants and machinery
  • Positive working capital
  • Acquisition of a delivery van.
The following aspects of the Business were improved:
  • Acquired appropriate machinery.
  • Delivery vehicle
  • Staff compliment has increased from 2 to 6
  • Client base increased by 60%(from 5 - 12 contracted clients).
  • The business was Projected to generate a Turn-over of R600 000 in the first year. Actual first year turn-over was recorded as R1,100,000.
 From the desk of Joel Papalagae
Seda’s assistance has enabled the business to set up long-term goals. The business plan has assisted with access to finance.