Thatokie cakes Boutique
| Business Location: | Township |
| Province | Limpopo |
| Branch: | Sekhukhune |
| Business Start Date: | 2023-04-28 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
- Confectionery and baked goods.
- Baking lessons.
- Provides party packs, birthday gifts, and services for kids’ parties as a source of extra revenue.
Challenges/Needs:
• Lack of Food Safety Training: (HACCP certification)
• No Funding Proposals: To apply for financial support.
• Limited Financial Resources: Inability to acquire baking ovens, tables, mixers, display fridges, baking tools, and cash registers, which hampers production capacity and efficiency.
Intervention Insights and Results
Intervention Details:
• Lack of Food Safety Training: (HACCP certification)
• Insufficient Funding Proposals: To apply for financial support.
• Limited Financial Resources: Inability to acquire baking ovens, tables, mixers, display fridges, baking tools, and cash registers, which hampers production capacity and efficiency.
• Insufficient Funding Proposals: To apply for financial support.
• Limited Financial Resources: Inability to acquire baking ovens, tables, mixers, display fridges, baking tools, and cash registers, which hampers production capacity and efficiency.
Outcome Details:
• Successfully secured grant funding of R202,119.31 from the Asset Assist Programme to acquire essential equipment, including baking ovens, tables, mixers, display fridges, and tools to increase production capacity and efficiency.
• For the financial year 2024/25, the company recorded a turnover of R594,000 with operational costs of R578 500, resulting in a net profit before tax of R15 500. This represents:
o An increase in turnover of 10%, from R540 000 to R594,000.
o An increase in profit of 37%, from R11 320 to R15 500.
o Increase of employees from four to five
• For the financial year 2024/25, the company recorded a turnover of R594,000 with operational costs of R578 500, resulting in a net profit before tax of R15 500. This represents:
o An increase in turnover of 10%, from R540 000 to R594,000.
o An increase in profit of 37%, from R11 320 to R15 500.
o Increase of employees from four to five
Client Feedback
Client Comments:
“I would like to thank SEDFA for the crucial role they played in supporting my business.”
