Young and ambitious
Life was hard, but Masasa Makhetha made the most of opportunities. Never give up, he advises, and always make time to consult your mentors
“Because of their contribution, I’d also like to thank the IDC. They funded me with R6.2 million, part of which was for equipment and machinery, and half was for salaries, materials and other running costs. The good thing about them is, should I be successful with securing additional contracts, the IDC is willing to buy me more equipment.”
Makhetha has invested plenty of time and energy into growing his company, and has plans to expand.
“I’m looking at diversifying the business, looking for more opportunities outside the mining industry,” he pauses before explaining about another business venture.
“By the way, I have another company; an engineering company registered in 2014. We manufacture products for the mines, so I’ve got contracts with Glencore and AngloGold, and other small mines. It hasn’t been funded by the IDC yet. It currently employs 14 people, and I have already notified the IDC about approaching them for funding. His advice to other young entrepreneurs is simple. “If you want to open a business, you need to be motivated first of all. You need to be disciplined and from time to time seek advice from people who have made it to show you the right direction. Never give up because you will experience tough times. Believe in yourself. If I managed to make it, you can make it as well.” This project is reported by City Press
and sponsored by the IDC