Prospectors Trading
| Business Location: | Township |
| Province | KwaZulu-Natal |
| Branch: | Uthukela |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Agriculture (egg production)
Challenges/Needs:
• The business struggled with visibility since it is located in a residential area;
• Also, the business does not have the capacity to meet customer demands, i.e. not enough egg layers to produce meet their supply obligations.
Intervention Insights and Results
Intervention Details:
• The business was supported with funding from the SEDFA Asset Assist Programme to build a second structure which can house 100 egg layers to improve production.
• The business was also assisted with promotional material and exhibition at the pop-up market to further market the business activities.
• The business was also assisted with promotional material and exhibition at the pop-up market to further market the business activities.
Outcome Details:
• The turnover increased by 145% from R58 230 to R142 800;
• The net profit increased by 391% from R12 290 to R60 360;
• The business was also able to hire another assistant increasing employment from three to four.
• The net profit increased by 391% from R12 290 to R60 360;
• The business was also able to hire another assistant increasing employment from three to four.
Client Feedback
Client Comments:
‘The assistance received from SEDA really helped me improve my business operations and expand my infrastructure, I am able to supply more bakeries at Ezakheni with eggs now.’
