Bona Plant HIRE
| Business Location: | Urban |
| Province | Eastern Cape |
| Branch: | Nelson Mandela Bay |
| Business Start Date: | |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
Bona Plant Hire has actively provided small plant and tool hire services to contractors within the Eastern Cape. During this time, the company has built strong relationships across construction sites and gained valuable expertise in the logistics, contractor support, and equipment management.
Challenges/Needs:
The challenges identified by the client & advisor included the following;
• Lack of finance.
• Limitations in accessing more markets
• Identifying gaps and opportunities in the market
• Effective strategic planning and marketing to gain market share
Intervention Insights and Results
Intervention Details:
To address these challenges, Bona Plant Hire sought assistance from SEDFA and was supported by Thabo Ngwadla, Business Advisor at the Nelson Mandela Bay Branch, who assessed the business. After identifying key gaps, he recommended a series of interventions to help move the business forward.
Mr. Sbahle Ranuga successfully applied for the Asset Assist Programme, which provided the necessary financial support.
Mr. Sbahle Ranuga successfully applied for the Asset Assist Programme, which provided the necessary financial support.
Outcome Details:
Through SEDFA’s business support, the business achieved the following results:
The Asset Assist Support Programme (AAP) application was approved for R249 868, enabling the purchase of an additional equipment and increased delivery capacity.
Access to finance provided the business with greater exposure in the local market, allowing it to service a larger client base.
Business turnover increased from R 171 000 to R 246 000.
Employment grew from 1 to 4 permanent staff members
The Asset Assist Support Programme (AAP) application was approved for R249 868, enabling the purchase of an additional equipment and increased delivery capacity.
Access to finance provided the business with greater exposure in the local market, allowing it to service a larger client base.
Business turnover increased from R 171 000 to R 246 000.
Employment grew from 1 to 4 permanent staff members
Client Feedback
Client Comments:
"Thank you, SEDFA, for helping our business grow. SEDFA’s investment in our business has been extremely significant, allowing us to expand our brand, improve our capacity, and increase our turnover!" We appreciate the guidance & support from Sedfa.”
