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

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“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

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