Siyathuthuka Madoda Multi-Purpose Primary Co-operative Limited
| Business Location: | Rural |
| Province | KwaZulu-Natal |
| Branch: | King Cetshwayo |
| Business Start Date: | |
| Busniess Type: | Co-operative |
Business Dynamics and Challenges
Business Activities:
Pulp and Paper
Challenges/Needs:
The Business was experiencing challenges with collection of raw material from Durban. The outsourced service provider was charging the business a very high, leading to high Cost of Sales, reducing Gross profit of the business.
Intervention Insights and Results
Intervention Details:
• Sedfa funded the business with delivery truck and raw material to the valued R1,197,000.00
• Promotional material
• The business was also assisted to attend Jozini Trade exhibition in June 2024.
• Promotional material
• The business was also assisted to attend Jozini Trade exhibition in June 2024.
Outcome Details:
Through interventions of funding helped our business to save on cost and collect raw material and costs to deliver finished product. The business was exposed to new market leading to increase in turnover from R1,305,118.00 to R1,497,141.00, sustaining 7 jobs in the process. Furthermore, the truck has also enabled the business to cut costs on hiring external
transportation services to collect raw materials, resulting in cost savings of over R192,000.00 in the last 12 months.
transportation services to collect raw materials, resulting in cost savings of over R192,000.00 in the last 12 months.
Client Feedback
Client Comments:
More sales and less cost of sales on collecting raw materials
