Tuesday, November 17, 2009

Tirama Manufacturers secures investment from Old Mutual Properties

In a major breakthrough for the three entrepreneurs of Tirama Manufacturers, Sonwabo Rasimen, the MD of the company, announced that it has secured a further investment of R50,000 from Old Mutual Properties in their quest to start up a concrete products manufacturing company in Khayelitsha.



The money is to be used to start a pilot production facility to obtain SABS (South African Bureau of Standards) approval for core products. This is a key milestone to earn credibility with potential customers. Old Mutual Properties has previously provided Tirama with financial support to develop their business plan together with TSiBA's Entrepreneurship Centre.
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1 comment:

  1. AnonymousJanuary 8, 2010 at 3:23 PM

    Wow, I am so excited to hear about this break through. I am one of the people who used to watch you perfecting your business plan. I know all about your frustrations. Finally it has pappened for you guyz. This is the beggining of bigger things. Keep it up and work even harder. I cant wait to hear about more developments in 2010.
    ....... Fraser Siteti

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