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Winds of change are blowing Soweto. This as more people are developing themselves into businesses enterprises. The Pamodzi Smart Shop was recently launched in Meadowlands, Zone Five. The store, according to Ayavuya Madolo, Executive of Sales and Marketing at Pamodzi Group, is one of many Pamodzi Smart Stores that his company plans to open around Soweto and other townships in Gauteng and provinces across South Africa.
Pamodzi Group is a successful investment company created by Sowetans. The company has created investment deals and holdings in excess of R30bn since its inception as a construction engineering firm in Soweto in 1979. Currently still leading the group from its Sandton office is its Executive Chairperson and Co-Founder, Mr Ndaba Ntsele.
Pamodzi, staying true to the meaning of its name, meaning togetherness, and on confirmation also by Mrs Rose Nkosi, President of SASTA has partnered with SASTA to establish more Pamodzi Smart Stores in Soweto and across South Africa where SASTA has members. 1000 Pamodzi Smart Stores are planned within the next five years and 100 within the current financial year.
For the store launched in Meadowlands, Zone 5, an investment boost in excess of R600 000 by Pamodzi has been outplayed. The store according to Ayavuya and one of its owners Ms Mpho Moletsane is 100 % Black Owned and 50 % women-owned, another 50% belonging to her business partner, Mr Ongkgoptse Boikanyo; and is 100% Youth Owned. Notwithstanding, the opportunity is eligible across all community members with the membership of SASTA including for suppliers.
Six employment opportunities have been directly created, of which are made up of four more employees in addition to the two store owners.
The Pamodzi stores are called smart stores because of both the investment objective and technological systems installed in them. Pamodzi operates as a controlling shareholder in its investments. A culture with these stores is working hard to emulate where the operators of its stores are owners and long-term investors in their businesses, it’s suppliers to the stores are also black-owned for example beverages suppliers of Last Drop Juice, Moya Energy Drink; and Mojaji Networks for Wi-fi, Airtime, Data and Sim-Cards; and soon Bakery & Confectionary items by one of the members of SASTA.
Ayavuya explained that terms of investments to the business owners is 100 % interest free no collateral loan payable over a period of up to five years. Business owners of the Pamodzi Smart Store will repay only the money lent not interest cost in addition to the money borrowed nor is it a requirement that they must have other assets or properties to secure the investment but their capital to be successful entrepreneurs.
Another side of Smart is the investment by Pamodzi of an advanced and user-friendly cash, sales, stock and purchasing management system in the stores that the Smart Store owners and Pamodzi as an investment partner use live to track and manage the business operations to profit.
Payment turn-around time for suppliers is within seven days. Allegedly the standard practice is up-to 90 days.
SASTA, South African Spazas and Tuckshop Association is may be contacted for more information on 078 239 3162; 068 370 3620; and 666 Mbata Street, Zondi, Zone One.
Dumi Mkhabela Soweto Sunrise News