Mayor lauds youth for rising to become industrialists

Seen here are (from left) Andy Matakanye, MMC Finance, Clr Doctor Xhakaza,   Reginald Tshikota, mayor Mzwandile Masina,  MMC Water and Sanitation,  Tiisetso Nketle, Sam Mampane, Fhatuwani Belemu, Malwandla Siweya and Themba Mabunda.

The mayor said this recently, while hosting young black industrialists, who established a company and turned it into a multi-million-rand establishment within three-years.

 

These industrialists, the mayor said, are ordinary young people who lived in the same conditions that many young people are experiencing.

Based in Alrode in Ekurhuleni, the United Industrial Cables (UIC) came into existence in 2014 by a group of young black professionals experienced in cable manufacturing, finance and project management.

According to Themba Gadebe, spokesperson for the metro, these black industrialists are investing more than R100 million in this venture to bring immense localisation, transformation and much-needed employment.

 

The UIC currently provides services to Eskom and power utilities in high voltage transmission line.

The mayor said looking at the meteoric rise of these young people, Ekurhuleni youth, which forms a majority population of the 3,4 million people of the city should stand up and grab opportunities.

“Our efforts are narrowed into a 10-point plan to revitalise our economy and our emphasis is on manufacturing. This is expected to create jobs while developing industrialists who will contribute immensely on our regional economy,” he said.

The UIC began their journey when they approached the Industrial Development Corporation (IDC) with their business plan. Upon review of the business plan, the IDC called on UIC to prove the market by submitting orders, agreements and letters of intent from potential customers.

While this proved to be a challenge, the young professionals worked vigorously to win over a network of distributors through conducting extensive company visits until they met the requirement of the IDC.

This, according to the mayor, is a story of courage and zeal, whose attitude should inspire young people of Ekurhuleni.

 

 

 

 

 

Issued by

 

 

Ekurhuleni Metropolitan Municipality

Department: Communications and Brand Management

 

Address: 47 Van Buuren Road, Bedfordview, 2007

  AUTHOR
Riaan Engelbrecht
Editor

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