Springs business gets helping hand from Trust
Wednesday, May 24, 2017
Thanks to a grant of R160 000 recently received from the Ekurhuleni Peermont Chambers of Commerce Trust (EPCoCT), a BBBEE vehicle within the Peermont Hotels, Casinos and Resorts group, TM Trading and Construction, based in Dersley Park, Springs can look forward to expanding its service offering.
The grant has enabled the construction company, which has an excellent track record in the construction of industrial and commercial buildings, to purchase a used skip loader as part of its strategy to diversify and venture into the demolishing and rubble removal sector, in addition to its current services.
Established in 2010 by managing member Teboho Mafodi and his mother, Maritume Mafodi, TM Trading and Construction also does landscaping, renovations, plumbing, electrical work, fitments, glazing and roofing and operates under various contract types and fee structures to meet the needs of its client.
The company has a Construction Industry Development Board (CIDB) Grade 5GB-PE/5CE both a PE (Potentially Emerging), meaning the company has a potential to do projects beyond its grade.
“We have developed firm relationships with suppliers and sub-contractors which plays an important role in our commitment to quality, cost-efficiency and on schedule completion of projects and thanks to this grant we can now also offer demolishing and rubble removal services,” says Mafodi.
An illustration of TM Trading and Construction’s track record in the industry is that it was instrumental in renovating the premises which houses one of the flagship projects of the Trust and the Ekurhuleni Metropolitan Municipality (EMM), the EMM-EPCoCT Business Facilitation Network (BFN), a one-stop shop for small enterprise development, in Kempton Park.
“One of the main aims of the EPCoCT and the grants we allocate is to create jobs and make a positive impact on the lives of the people of Ekurhuleni which is one of the reasons we have assisted TM Trading and Construction. Apart from employing nine fulltime employees, mostly interns from various universities, the company also creates numerous other job opportunities for its various sub-contractors and part-time employees,” say the Trust’s Administrator, Makomane Ntabo.
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 EMM-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.
BELOW: TM Trading and Construction, based in Springs, could purchase this used skip loader to increase its service offering. Here the happy owner, Teboho Mafodi (middle front) is pictured at the vehicle with EPCoCT Trustees, Sheila Sekhitla (front left), Themba Xaba (third left) and Bafana Smith (front right) and Trust administrator, Makomane Ntabo (second right). Also with them are some of the company’s employees, at the back, Prince Kobedi, Thulani Makhanya, Musa Gidagida and in the front Sharney Cross and Zintle Cita.