Sibanye helps SMMEs find their feet
Rustenburg – Royalty Handmade Accessories, a jewellery business based in Rustenburg, is one of the many examples of how The Platinum Incubator (TPI) has helped to sharpen the business acumen of local entrepreneurs by helping them to source markets and find their feet.
On Friday 12 February, Sibanye-Stillwater concluded their partnership with TPI by the symbolic handing over of a R1,100,000 cheque, which represented the amount of money the company has invested into the project. Royalty Handmade Accessories founder Gaorelatlhe Mboweni acknowledged the input of TPI in shaping her skills. “By working hard and never giving up, helped us achieve our dreams – thank you TPI and Sibanye-Stillwater!” Gaorelatlhe’s business is based in the busy CBD. Gaorelatlhe and other upcoming entrepreneurs have benefited immensely from Sibanye- Stillwater’s financial and technical support of TPI, which began in 2015. TPI offers a range of incubation services including infrastructure and facilities, as well as formal certified training for entrepreneurs in the Precious Group Metals (PGM) industry. TPI has succeeded in bridging this gap by offering metal loan programmes, providing secure workspaces and facilities, specialist equipment and general know-how.
“The journey between TPI and Sibanye-Stillwater began in 2007 to heed the call towards assisting in setting up an institution that benefits the youth,” TPI chief executive officer Sibongile Shongwe said. “Today, we are celebrating the strength and courage of the youth,” she added, in reference to the small, medium and micro enterprises (SMMEs) that have survived the harsh economic environment that has been exacerbated by COVID-19. Rustenburg Local Municipality (RLM) councillor Ofenste Kombe congratulated the young entrepreneurs who successfully participated in TPI training courses. “This goes to show the importance of manufacturing as an industry. As government, we must lobby each other to make sure that it does not become too difficult for young businesspersons to access funds.”
TPI deputy chairperson Dr. Takalane Madzivhandile thanked Sibanye- Stillwater for ploughing back into the community through financial injections.
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