Dersley businessman benefits from Peermont grant
A local businessman recently received a grant from Ekurhuleni Peermont Chambers of Commerce Trust (EPCoCT), a BBBEE vehicle within the Peermont Hotels, Casinos and Resorts group.
The grant of R160 000 has enabled the construction company to purchase a used skip loader as part of its strategy to diversify and venture into the demolition and rubble removal sector, in addition to its current services.
Dersley businessman Teboho Mofadi says they have developed strong relationships with suppliers and sub-contractors, which plays an important role in their commitment to quality, cost-efficiency and on-schedule completion of projects.
“Thanks to this grant we can now also offer demolition and rubble removal services,” says Mafodi.
Makomane Ntabo, the Trust administrator, says one of the main aims of the EPCoCT and the grants they allocate is to create jobs and make a positive impact on the lives of the people of Ekurhuleni, which is one of the reasons they have assisted Modai’s business.
“Apart from employing nine full-time employees, mostly interns from various universities, the company also creates numerous other job opportunities for its various sub-contractors and part-time employees,” he says.
Apart from this concern, the Trustees of the EPCoCT have granted funding of a further R404 510 to three other community-based small business projects which fall in the Emperors Palace catchment area, during the past year.
Furthermore, the Trust has also given R3-million in funding to the metro EPCoCT Business Facilitation Network (BFN) over the past two years as part of its five year partnership with the Ekurhuleni Metropolitan Municipality (EMM) in the BFN project.
This brings the total funding provided by the Trust since inception to R25-million with 55 small and micro businesses assisted.
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