Ntlokolo Joseph Madingwaneng, the 32 years old entrepreneur who hails from Limpopo, is destined for the big business league.
This is clear from the details emerging after he scooped the top spot in the Shanduka Black Umbrellas National Enterprise Development Award which was announced this week. In scooping the top award he was flanked by Terrens Mokono who heads a Pretoria based entity, MTM Media, and Hlengiwe Majola from a Durban based Gebhuza Security.
The Shanduka Black Umbrellas (SBU), an initiative of Cyril Ramaphosa’s Shanduka Group, launched the Enterprise Development (ED) Awards last year. They are designed to reward businesses within SBU’s incubation programme which are making a difference and creating employment.
Madingwaneng also took top honours in the Jobs Created category. Madingwaneng runs the Pretoria based engineering company, Moyeng Engineering SA, which is making waves in the engineering sector. The business boasts two engineering contracts at Eskom’s Kriel power station with a combined value of more than R4.2 million. As a result of these two contracts, Moyeng Engineering is employing about 30 people on fixed term contracts.
It is Madingwaneng resilience that makes him a remarkable fellow worth watching. He launched Moyeng after serious destabilization in his early business ventures.
He ventured into business after completing his business management studies at Witbank College in 2000. He was involved in establishing an operation focused on servicing the engineering requirements of Eskom power stations, Sasol fertilisers and coal mines and BHP Billiton in Mpumalanga. In 2003 the business expanded in to Botswana and commenced projects for the Botswana Power Utility in Morupule. Madingwaneng separated from his business partner and three years later founded Luyanda Industries SA and set about servicing the Eskom power stations which he had previously supplied through his former company.
He then established Moyeng Engineering in 2010. The company specialises in electrical and mechanical engineering services through the supply of pumps and valves, carbon brushes and forged products.
“You need a commitment to do well and you need a willingness to learn new things every day,” Madingwaneng.
Commenting about the awards Ramaphosa “We have reached an important juncture today as we hold the inaugural national Shanduka Black Umbrellas Enterprise Development Entrepreneurship Awards. It provides us with an opportunity to acknowledge the courage and determination of our clients, express our gratitude to them for choosing SBU as their business development partner, and celebrate their achievements in the time they have been with us.
“We launched the SBU programme in 2009 with an ambitious vision to increase the number of successful black entrepreneurs. We are delighted this initiative is beginning to make a real impact around the country. We have expanded our operation to four business incubators in three provinces. The impact we have had to date has opened up new opportunities and partnerships that may result in the establishment of further incubators in the near future. We have seen our first trained entrepreneurs within the SBU incubators proudly graduate. In the process, they have elevated their businesses to new heights and between them have created employment from zero to over 300 people.”