Botsalanong Traders gets 20k seed capital to kick-start business idea

November 2016 saw Shanduka Black Umbrellas and Exxaro Grootegeluk running an innovators and start up competition to cultivate entrepreneurial drive in the Lephalale region ahead of the Global Entrepreneurship Week, the world’s largest celebration of entrepreneurs.

Members of the community from the Lephalale region and surrounding areas were invited to share innovative business ideas with the prospect of obtaining finance to start or expand their business ideas.

Out of the 14 Innovators and start-ups who submitted their business ideas for considerations, 10 were shortlisted and were given an opportunity to pitch to a panel made up of representatives from Medupi Leadership Initiative, Exxaro, Lephalale TVET College and SBU.

“Thanks to Exxaro Grootegeluk, Hula Minerals Processing, Debar Ceramics and Lephalale TVET College who continue to work with us in cultivating the culture of innovation and entrepreneurship in the Lephalale region, “says Mathebe Mhlongo, SBU Lephalale Enterprise Development Manager.

Peter Senoamadi of Botsalong Traders impressed the judges with his winning idea of opening an internet Cafe and Mobile ATM machine in Witpoort (Ga-Seleka) where villagers are forced to travel between 30 to 60 kms to access an ATM. Witpoort, is centrally located and easily accessible to scholars, graduates and other professionals or entrepreneurs in need of internet and ATM facilities. Peter received R20K worth of seed-capital to kick start his business venture.

Runners up of the competition: Puno Business (owned by Olivia Moila) walked away with a laptop while St. Vincent Pizza (co-owned by Vincent Magwai and Williamson Banda) received a Pre Incubation training voucher.

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