Shanduka Black Umbrellas honours top SMEs | Fin24
  • Mpumalanga Mine

    Constitutional Court rejects coal mining company’s attempt to appeal – but the saga isn’t over.

  • Audit Outcomes

    Turnaround plans had virtually no impact for ailing parastatals, the Auditor-General has found.

  • Battery Power

    Gordhan: Government intends to sign off soon on a "world class" battery storage project.


Shanduka Black Umbrellas honours top SMEs

Jun 29 2017 18:10

Johannesburg - Top performing small and medium enterprises (SMEs) have been recognised at the Shanduka Black Umbrellas National Development Awards in Johannesburg.

Shanduka Black Umbrellas (SBU) established the National Enterprise Development Awards (NEDA) in recognition of the achievements of the entrepreneurs in their business incubation programme. These awards highlight the hard work and dedication required to establish and sustain a successful business, that creates jobs and contribute to the economy.
The NEDA 2017 ceremony took place on June 28 at Summer Place in Sandton.

The finalists were selected from regional enterprise development awards ceremonies held at each of the eight SBU incubators across the country.
The businesses in the incubators have in total created and preserved over 5 350 permanent jobs across key economic sectors, which include mining, construction, engineering, security services as well as project management.

The overall winners were:
- Most Jobs Created: Hula Minerals and Processing;
- Best Performing Company: Aquila Projects;

- Best SBU Ambassador: Recycle 1st;
- Overall National Winner: Modi Mining;

- Incubator of the Year: Johannesburg incubator;
- People’s Choice Award Winner: Recycle 1st

Speaking at the awards, SBU CEO Seapei Mafoyane said each year the awards confirm SBU’s impact and value driven contribution to the South African economy.

"The many businesses that have been participating in our programmes have over the years demonstrated the successes associated with supporting small and medium black owned businesses. The evening’s award recipients are among the best performing SMEs and their profiles provide for objective motivation for the sector,” said Mafoyane.

Read Fin24's top stories trending on Twitter:



Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote