Connect with us

Business

Women furniture manufacturers take industry by storm

Published

on

Three young ladies, Ntebaleng Shatani, Kamogelo Order and Marriam Moloi formed a joint business to utilise their skills and create employment for other young people. Their company Super Ideas (Pty) Ltd specialises in manufacturing and maintenance of couches, sofas, chest of drawers, coffee tables and other furniture. They also repair damaged furniture. In an interview with the Business Trends, Shatani said they started the business because they had passion for running a business and they wanted something to do to earn a living because they were not working.

They started operating in February last year and they are based in Pilane. “The three of us had passion for business and it was at the time we were not working. We agreed that we will use skills we have to start up a business. I had business skills, another tailoring and the other carpentry skills,” said Shatani They were also inspired by other women succeeding in business. It was not difficult for them to start the furniture manufacturing business as they had worked in an upholstery shop and a tailor workshop. “We have the knowledge and experience of furniture manufacturing. Operating this joint business is very easy because each one has her skills required in manufacturing these products. Kamogelo and I worked for 10 months in upholstery shop while Marriam worked for three years as a tailor,” said Shatani. Shatani has a degree in Broadcasting and Journalism while Moloi and Order have Junior Certificates.

They were funded by Gender Affairs to the tune of P270 000.In the first year of operation they have realised that the market is still very good as there is high demand of furniture. “Many Batswana are continually buying furniture as they build new house and renovating. We are working hard to take our business to the next level and grow it,” she said. They are currently producing and selling in their shop in Pilane but they are planning to supply offices and shops this year. They are working as a team of four and they are planning to increase their team with men this year.

Among the challenges she said, is that sometimes the work is heavy as they are all ladies and they are the ones cutting wood and doing all the manufacturing work. Shatani said they are optimistic about their business and see themselves running a big furniture production company that will create jobs for Batswana. “We also want to expand our footprint and have more furniture shops around Botswana,” she said.

Continue Reading
Comments

Business

‘Manufacturing holds key to economic growth’

Published

on

Barclays bank’s economist Naledi Madala has urged the country to consider manufacturing, as a key tailwind to drive the economy and reduce inequality.

She was speaking at a gathering organised by the bank which focused on economic outlook for 2019. “We should not make a mistake of leapfrogging without manufacturing,” said Madala, lamenting that the country’s diversification remains a pipeline dream, as the diamond is still the economy’s mainstay. She bemoaned that mining activities in the country could not spring forward diversification, though non-mining GDP has been steady over the years.

“Extractive industries are not good stepping stones for diversification, the sector does not prepare us for the next step,” said Madala at the Barclays’ Economic Outlook Forum Review 2019. The economist further noted that government should confront head-on challenges of productivity and competitiveness to attract the much needed Foreign Direct Investment (FDI). Though diversification efforts continue to hit a brick wall, Madala said the country should expect increased activities in the mining sector hinged to ramp up in coal production in the year ahead.

She also implored government to consider a welcoming attitude towards foreign investors and generous tax incentives to businesses that set up in the country. Madala is also upbeat that the use of public private partnership model could also help diversify the economy coupled with privitisation. “Privitisation will offer opportunities for growth, through the renewed optimism from government, as business confidence has improved,” said Madala.

She implored the government and the business community to access what is going to drive and hinder growth highlighting that key headwinds to growth are income inequality, diversification challenge and productivity, among others. “The pace of poverty reduction has slowed down, while income inequality goes up,” said Madala

Continue Reading

Business

MINISTER BEWAILS BAD REPAYMENT BY YOUTH

Keikantse Lesemela

Published

on

Minister of Youth Empowerment, Sports and Culture Development, Tshekedi Khama has told parliament his ministry continues to face challenges on the repayment of Youth Development Fund (YDF) loans.

Recently presenting the budget to Parliament, Khama said this financial year the ministry has received a total of 2582 YDF applications and approved 983of them to the value of P98 million. He said the programme attracts a high level of interest from youth but the ministry is only limited to funding a maximum of 1200 youth projects annually due to budget limitations.

“However the greatest challenge for the Fund is the repayment of the loan component by the majority of the youth businesses. The youth have advanced number of challenges for this including high rentals for operating spaces, low market access owing to tight competition and limited production capacities,” said Tshekedi, adding that they continue to pursue beneficiaries to repay the loans.

Out of the 919 businesses funded 1058 jobs have been created. The minister highlighted that disbursements of funds will continue to be undertaken until the end of the financial year. “The YDF is currently under review in line with the pronouncement made by the President, Dr Mokgweetsi Masisi in the State of the Nation Address, to improve beneficiaries through training, and encourage consortia and cooperatives,” said Tshekedi.

The ministry assists YDF beneficiaries in marketing their products and services through fairs and exhibitions. The ministry also runs entrepreneurship-training seminars for youth and in the past year 3692 young people were trained. Over 600 youth businesses attended fairs and exhibitions to market their products and services. Currently the ministry is collaborating with Local Enterprise Authority (LEA), First National Bank Botswana and Citizen Entrepreneurial Development Agency (CEDA) on training in entrepreneurship development and mentorship of YDF beneficiaries.

Continue Reading

Trending