Improving access to income generation opportunities and reduce reliance on mines by strengthening local SMMEs.
Thuthukani, meaning “uplift” in isiZulu, is our enterprise development programme. The programme, implemented in partnership with Raizcorp, our Business Development Support Partner (BDSP), aims to grow participation businesses through tailored business skills, personalised business guidance and technical enablement.
Qualifying businesses engaged with Thungela may access loan funding, facilitated by our fund administrator Absa, at preferential interest rates.
Our strategic focus on economic sustainability drives our effort to empower community SMMEs, enabling them to generate sustainable income and employment opportunities.
In 2023, our loan financing increased from R1.8 million to R21.6 million, helping to create 114 new direct jobs.
1. Have a registered business
2. Have a business that is 51% black owned
3. Operate in the one of the 3 municipalities:
- eMalahleni
- Steve Tshwete
- Govan Mbeki
Access to boardrooms, meeting rooms, IT and front-desk infrastructure, and hot-desks.
Access to professional staff including administrator, bookkeeper, ect to assist with running of your business.
Access to hands on entrepreneurial business coaching and guidance mentors.
Access to acquire technical licensing/accreditations to empower your business to compete for procurement opportunities.
Access to finance for your new or existing Thungela contracts/purchase orders.