College of Business and Economics Annual Report 2017 38 UJCE BUDGET 2017 The total operational budget for UJCE for 2017 amounted to R8,3 million. The sponsors included UJ, Thebe Foundation, Shell South Africa, Mtiya Dynamics and Amahlongwa Holdings. SUCCESS STORIES PS Mabena and Associates, specialising in the civil and construction industry, was founded and is owned by Ms Sibongile Mabena. She registered it in 2002 as an events management company until she joined the Small Business Enrichment Programme, after which she moved into construction. As a result of joining the programme in February 2017, she moved from Level 1 to Level 4 (as per the Construction Industry Development Board [CIDB]) by October 2017; and was able to collaborate with an established construction company to get one contract to the value of R7,6 million. Sibongile was happy to report that the programme has assisted her with marketing the company and the presentation of her business to clients, which resulted in securing new business. Most importantly, she focused on making it profitable within a short period, as well as improving on operational efficiency. Roth Media is a creative agency founded in 2011 by Rorisang Setlogelo. The core purpose of the business is to instil unique innovations that shape African communications on the world stage, through tailored solutions. Services offered include Public Relations, Social Media, Content Development (both creative writing and video), Events, Promotions and lastly Digital Marketing. The UJ Supplier Development programme provided the company with business acumen. After attending the programme, the company made its most significant growth yet with bottom line growth of 40% in 2017. The areas of notable improvement were in governance, compliance, financial and operational efficiencies. Mr Hector Louw, who started the programme in 2016 and was selected for mentorship in 2017, owns this company. The company specialises in plumbing. When he joined the programme in 2016, his turnover was under R900 000. Within a period of one year, the company has increased revenue to R4 million in 2017 with a margin of over R1,5 million. The programme assisted him in reviewing his operations and finances, which led to the business reducing wasteful expenditure. Further to this, he and key staff members went for further training on plumbing-related courses. Rorisang Setlogelo Hector Louw Sibongile Mabena Pan-Pacific Business Association 2017 | Outstanding Paper Award to Prof René van Wyk and Motufusa Murayama Best Research Award to Pharny Chrysler-Fox.
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