Ka-Ngwenya Enterprise (Pty) Ltd
| Business Location: | Rural |
| Province | Mpumalanga |
| Branch: | Nkangala |
| Business Start Date: | 2024-11-21 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Ka-Ngwenya Enterprise (Pty) Ltd is a wholly black woman-owned retail business founded and registered in November 2024 by Ms Nombuso Rebecca Ngwenya. The enterprise operates as a tuck-shop, offering a variety of daily household goods and groceries to the local community. Although the business commenced operations in 2017, it was formally registered with the Registrar of Companies in November 2024.
Ka-Ngwenya Enterprise (Pty) Ltd is a duly registered and permitted entity to conduct tuck-shop business activities, having complied with all relevant legislative requirements and municipal by-laws. The business is currently operated from the owner’s residential premises, located in a newly developed rural settlement known as Doornkop, on the outskirts of Middelburg, under the jurisdiction of the Steve Tshwete Local Municipality.
Challenges/Needs:
Facilitation of Access to Funding (Spaza Shop Fund).
The business offered a limited product range with minimal product diversification, which constrained its ability to realise its full growth potential.
Intervention Insights and Results
Intervention Details:
Access to Funding
Sedfa supported the business by facilitating access to small business funding through the Department of Small Business Development (DSBD) Spaza Shop Funding Programme. This intervention was aimed at enabling the business to meet its growth and operational objectives.
Sedfa supported the business by facilitating access to small business funding through the Department of Small Business Development (DSBD) Spaza Shop Funding Programme. This intervention was aimed at enabling the business to meet its growth and operational objectives.
Outcome Details:
Following Sedfa’s support, the business achieved the following outcomes:
1. Through the DSBD Spaza Shop Funding Programme, the
business was approved for funding amounting to R49 966.00,
which was allocated towards improving business infrastructure.
2. The business increased its annual turnover from R110 880.00
(at the time of assessment) to R116 904.00 (at the improvement
assessment stage).
1. Through the DSBD Spaza Shop Funding Programme, the
business was approved for funding amounting to R49 966.00,
which was allocated towards improving business infrastructure.
2. The business increased its annual turnover from R110 880.00
(at the time of assessment) to R116 904.00 (at the improvement
assessment stage).
Client Feedback
Client Comments:
Not Applicable
