Shanduka Black Umbrellas Awards Small Business

Image Supplied: SBU National ED Awards – Thando Nyameni, Joseph Madingwaneng & Cyril Ramaphosa

Pretoria engineering company Moyeng Engineering SA has won the inaugural Shanduka Black Umbrellas National Enterprise Development Award and taken the top prize as overall national winner.

The business, owned by Ntlokolo Joseph Madingwaneng, has been awarded two engineering contracts at Eskom’s Kriel power station with a combined value of more than R4.2 million.

As a result of these two contracts, Moyeng Engineering is employing up to 30 staff members on fixed term contracts.

The Shanduka Foundation supports Enterprise Development through the Shanduka Black Umbrella (SBU) initiative. SBU is one of the key beneficiaries of the Shanduka Group’s R100 million commitment to the Shanduka Foundation.

Chairman of the Shanduka Group Cyril Ramaphosa called the 2009 launch of the SBU programme the happiest day of his life. Four years later the initiative, which helps small black businesses get off the ground, is beginning to have a real impact around the country.

Shanduka Black Umbrellas (SBU), ‘the innovative non-profit business incubation programme’ established the Enterprise Development (ED) Awards to reward and acknowledge those businesses in its programme which are making a difference and creating employment.

Earlier this year regional awards were made at SBU four business incubators in Cape Town, Durban, Johannesburg and Pretoria. The regional winners then competed for these national awards.

Madingwaneng also took top honours in the Jobs Created category. Another Pretoria company MTM Media, headed up by Terrens Mokono, was named Best Performing Company (based on profit generated and net asset value) while Hlengiwe Majola of the Durban based security company Gebhuza Security was named Best SBU Ambassador.

SBU Ambassador looks at those who have best met compliance with training, mentoring, tax and statutory requirements and who have made an impact on their community.

Ramaphosa who handed over the awards at the ceremony held in Fourways said:

“We have reached an important juncture today as we hold the inaugural national Shanduka Black Umbrellas Enterprise Development Entrepreneurship Awards. It provides us with an opportunity to acknowledge the courage and determination of our clients, express our gratitude to them for choosing SBU as their business development partner, and celebrate their achievements in the time they have been with us.

We launched the SBU programme in 2009 with an ambitious vision to increase the number of successful black entrepreneurs. We are delighted this initiative is beginning to make a real impact around the country.

We have expanded our operation to four business incubators in three provinces. The impact we have had to date has opened up new opportunities and partnerships that may result in the establishment of further incubators in the near future. We have seen our first trained entrepreneurs within the SBU incubators proudly graduate.

In the process, they have elevated their businesses to new heights and between them have created employment from zero to over 300 people.”

The Shanduka Blackk Umbrella Award Winners:

*Overall Winner of the Shanduka Black Umbrellas National Enterprise Development Award
*Winner in the Jobs Created Category

*Winner in the Best Performing Company Category

*Winner in the Shanduka Black Umbrellas Ambassador Category

Written by: Musa Ndlangamandla – Transform SA Ad Sales/Editorial Executive.

Musa is a senior journalist from Swaziland and until January 2012 he was Chief Editor of The Swazi Observer Group of Newspapers. He is a former advisor and speech writer to King Mswati III. Musa studied Law and holds a number of certificates from leading schools of Journalism. He has travelled to over 35 countries on assignment. He also writes as a freelancer for various leading publications.


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