Small, Medium, and Micro Enterprises (SMMEs) in South Africa face significant challenges in securing funding, hindering their growth and contribution to the economy. Despite these challenges, the Masakhane Group, a local business owned by Mr. Ayanda Notshweleka in the Dudumeni community, has received a notable boost with the handover of machinery valued at over R50 million.
The machinery, acquired through collaboration with SANRAL, BELL, and Standard Bank, includes a range of equipment designed to enhance the group’s operational efficiency, create new job opportunities, and contribute to the economic growth of the region.
The handover ceremony was attended by various stakeholders, including representatives from BELL Equipment, the community, Standard Bank, the Wild Coast Business Chamber, and the SANRAL Chairman. MEC for Transport, Mr. Xolile Nqatha, appreciated the cooperation between the stakeholders, while Mr. Notshweleka emphasized the importance of black-owned businesses bringing opportunities to communities and contributing to economic growth.
The investment is expected to have a positive impact on the local economy, creating new job opportunities and stimulating economic growth. This initiative highlights the importance of collaboration between government, private sector, and local businesses in supporting economic development and job creation.
