Gsebjang (Pty) Ltd
| Business Location: | Rural area - Villages |
| Province | Limpopo |
| Branch: | Sekhukhune |
| Business Start Date: | 2020-10-02 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Gosebjangs primary services include:
Construction building; delivery of quality construction services such as concrete slab work, building structures and renovations.
Plant Hire; renting of essential equipment such as concrete mixers, water tankers, compressors, digging machines and other critical tools.
Challenges/Needs:
Despite strong technical skills and market demand, the business faced several challenges.
1. Shortage of essential operating tools and equipment to execute projects.
2. Limited capacity to manage large scale and concurrent projects.
3. Reliance on third party equipment suppliers Talisman, which not only competes for the same clients but also often fails to provide reliable support.
4. Reduced service reliability for clients, especially plant hire.
5. Low profitability (less than 10%) due to high costs of hiring equipment.
6. Gaps in strategic business management and growth planning.
Intervention Insights and Results
Intervention Details:
Through the SEDFA Asset Assist Programme, Gosebjang secured R250 000 in funding. The intervention included.
1. Acquisition of Head Roller equipment for both plant hire and construction services.
2. Mentorship support, focusing on improving operational efficiency, strengthening financial management, and developing strategies to secure long-term contracts.
1. Acquisition of Head Roller equipment for both plant hire and construction services.
2. Mentorship support, focusing on improving operational efficiency, strengthening financial management, and developing strategies to secure long-term contracts.
Outcome Details:
The interventions by SEDFA led to substantial business growth and market expansion.
1. Turnover increased from R 2 100 135.00 to R 13 000 000.00 - a growth of R 10 899 865.00.
2. Net profit improved from R 149,284.00 to R 6,887,616.00.
3. Employment grew from 13 to 16 employees, creating 3 new jobs.
4. Operational expenses increased from R 1 950 851.00 to R 4 112 384.00, driven by higher project volumes, equipment investment, and staffing needs.
5. Secured more projects compared to previous years, thanks to improved capacity and strategic guidance from mentorship.
1. Turnover increased from R 2 100 135.00 to R 13 000 000.00 - a growth of R 10 899 865.00.
2. Net profit improved from R 149,284.00 to R 6,887,616.00.
3. Employment grew from 13 to 16 employees, creating 3 new jobs.
4. Operational expenses increased from R 1 950 851.00 to R 4 112 384.00, driven by higher project volumes, equipment investment, and staffing needs.
5. Secured more projects compared to previous years, thanks to improved capacity and strategic guidance from mentorship.
Client Feedback
Client Comments:
The funding and mentorship from SEDFA have been a turning point for Gosebjang. we now have the tools, equipment, and guidance to handle more projects, improve our efficiency, and create jobs. This has helped us fine our business operations and position ourselves for long term success in the mining and engineering sector.
