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Anglo American assists another small enterprise with funding

19 March 2014, 07:30

Anglo American’s enterprise development arm, Zimele, has assisted another small enterprise in the Free State, Luciano Cleaning Services, with funding and business development support as part of its commitment to promote sustainable business in communities where the company operates.

Based in Sasolburg, Luciano Cleaning Services has become known for quality services and attention to detail. Zimele assisted Petrus Monyatsi, the owner of the business, with a loan of R118 000 to buy a new vehicle to use in the day-to-day running of the business and maintain his business projects.

Monyatsi says Zimele’s great support system has helped him to grow as an entrepreneur and his business to succeed. “We have seen our business expand over the years and the mentorship has helped us to reach bigger goals. Further, because of our better business know-how and our new outlook on how to develop and manage the company and our people, we’ve strengthened our ties with the community where Luciano’s employees live, and expanded our market reach.”

Moreover, Luciano’s has managed to negotiate contracts with various A-list companies which benefits the company’s stability.

Since 1989, Zimele has played a significant role in the country’s economic development by assisting many small and medium enterprises (SMEs) with funding and mentoring. From 2008 to the end of 2013, its four funds provided R921 million in funding, supported 1,619 companies and completed 2,358 loan transactions. Funded businesses have employed over 30,092 people and achieved a collective annual turnover of R4,5 billion.

 “Zimele has been able to help many entrepreneurs such as Petrus Monyatsi, who aspire to bring hope to their communities through skills development, job creation, and by empowering themselves to create sustainable and successful companies,” concludes Hlonela Lupuwana, managing director of Zimele.  “Anglo American will therefore continue supporting entrepreneurs to create or uplift small to medium businesses to ensure long term benefits in our host communities.”

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