Four young black en­trepreneurs set an ex­am­ple

The Star Early Edition - - BUSINESS REPORT -

CITY OF Ekurhu­leni mayor Mzwandile Masina has called on the city’s youth to move away from a con­sump­tion men­tal­ity to a pro­duc­tion one. Masina made the call while host­ing young black in­dus­tri­al­ists who es­tab­lished a com­pany and turned it into a multi-mil­lion-rand estab­lish­ment within three­years, the city said yes­ter­day. These in­dus­tri­al­ists were “or­di­nary young peo­ple” who lived in the same con­di­tions that many young peo­ple were ex­pe­ri­enc­ing, Masina said. Based in Al­rode in Ekurhu­leni, United In­dus­trial Ca­bles (UIC) came into ex­is­tence in 2014, formed by a group of young black pro­fes­sion­als ex­pe­ri­enced in ca­ble man­u­fac­tur­ing, fi­nance, and project man­age­ment. The founders were Regi­nald Tshikota, Fhatuwani Belemu, Mal­wandla Si­weya, Themba Mabunda, and Mark Horn. These black in­dus­tri­al­ists were in­vest­ing more than R100 mil­lion in this ven­ture to bring im­mense lo­cal­i­sa­tion, trans­for­ma­tion, and much­needed em­ploy­ment, he said. The com­pany spe­cialised in power ca­bles, sig­nalling ca­bles, bond­ing wire, alu­minium over­head con­duc­tors, and au­to­mo­tive/lo­co­mo­tive ca­bles and flex­i­ble wires with UV and heat re­sis­tant in­su­la­tion and sheath­ing ma­te­ri­als, as well as bare cop­per con­duc­tors/ wires. The UIC cur­rently pro­vided ser­vices to Eskom and power util­i­ties in high volt­age trans­mis­sion lines. Masina said that look­ing at the me­te­oric rise of these young peo­ple, Ekurhu­leni youth, which made up most of the city’s pop­u­la­tion of 3.4 mil­lion peo­ple, should stand up and grab op­por­tu­ni­ties. “Our ef­forts are nar­rowed into a 10-point plan to re­vi­talise our econ­omy and our em­pha­sis is on man­u­fac­tur­ing. This is ex­pected to cre­ate jobs while de­vel­op­ing in­dus­tri­al­ists who will con­trib­ute im­mensely on our re­gional econ­omy,” he said. UIC cur­rently em­ploys 11 peo­ple, but had un­der­taken to em­ploy 221 full-time and 17 part-time em­ploy­ees to con­trib­ute re­duc­ing un­em­ploy­ment and job cre­ation in Ekurhu­leni. – ANA

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