South African electricity public utility blessed black-owned small businesses with R1.3 million worth of prizes at its Business Investment Competition Awards.
As learnt, over 100 registered companies competed as finalists in four categories of Eskom’s Business Investment Competition.
The categories include agriculture and agro-processing, trade and services, manufacturing, construction and engineering.
Nomcebo Printers from Lydenburg, Mpumalanga emerged the overall winner of the competition. As such, it bagged R150, 000 to invest in the business.
Also, the winners in the four categories pocketed R100,000. While the first runners-up got R50 000 each, second runners-up received R25 000 whereas all other finalists receive R5 000 to invest in their businesses.
Below are the Winners in the Four Categories:
Agriculture and Agro-processing
- Winner – SMkhize & Associates (Brakpan, Gauteng)
- First runner-up – Thathel Agriculture (Tweeling, Free State)
- Second runner-up – Vhumatshelo Crop Farming (Makhado, Limpopo)
Trade and Services
- Winner – The Golden Goose Catering and Cake Décor (Welkom, Free State)
- First runner-up – Second Office (East London, Eastern Cape)
- Second runner-up – Blast 24/7 (Cape Town, Western Cape)
- Winner – Metal Products (Durban, KwaZulu-Natal)
- First runner-up – National Manhole Covers (Cape Town, Western Cape)
- Second runner-up – LBN Hygiene Solutions (Port Elizabeth, Eastern Cape)
Construction and Engineering
- Winner – Lamo Solar (Randburg, Gauteng)
- First runner-up – LAN Telecoms (Port Elizabeth, Eastern Cape)
- Second runner-up – Oakantswe Construction and Projects (Tshwane, Gauteng)
Eskom’s Business Investment Competition since 2007, has been recognizing and rewarding small businesses making significant contribution to the growth of SA’s economy, as well as the fight against unemployment and poverty.
Speaking, Baldwin Ngubane, Eskom’s board chairperson acknowledged the role of small businesses in boosting employment opportunities.
“Small businesses play an immensely important role in unlocking doors to economic opportunities and inclusive growth. We remain committed to playing our part in this field by acknowledging the difference that small black-owned businesses make in our economy,” Ngubane remarked.