Financial assistance from Anglo American’s enterprise development arm, Zimele, towards protective clothing manufacturer Bustique 244, is the perfect example of how the fund is making a difference in furthering the business ambitions of entrepreneurs and small and medium enterprises (SMEs).
Bustique 244 operates within the Northern Cape and Gauteng, manufacturing quality and tailor-made protective clothing that caters for women of all shapes and sizes.
Zimele provided funding of R809 000 to Bustique 244 in 2011, which assisted the company to fulfill a protective clothing order for construction company, WBHO. This order included the delivery of approximately 5000 conti-suits, about 5000 hard hats, and 3900 pairs of safety boots.
Bustique 244 owner Mampho Selokoma notes that the funding and Zimele’s general support have proved crucial to bolstering her business.
“Previously, my company was faltering and not operating profitably. However, acquiring Zimele’s assistance has significantly improved my business model, enabled quicker turnarounds, and set me on the road to profitability.
This support has also enhanced Bustique 244’s future prospects, as doors have been opened recently for potential orders with Anglo American’s supply chain, including its Kumba Iron Ore, platinum and thermal coal businesses.
Selokoma notes that the assistance she received in fulfilling the WBHO order also played a part in ensuring 80 contract workers in the Northern Cape region gain temporary employment. She adds that as Bustique 244 grows and expands, some of these workers could gain permanent employment with the company.
Since 1989, Zimele has empowered black entrepreneurs through the creation and transformation of SMEs. Between 2008 and 2011, Zimele’s four funds provided R567 million in funding, supported 1085 companies, and completed 1481 loan transactions. These businesses employ 19 575 people and achieved a collective annual turnover of R2.4 billion over the four year period.