Many small businesses are thriving within the waste management sector in South Africa, creating jobs, driving environmental sustainability and bringing innovative tailored solutions to specific communities. One such company is Bomamba Trading – a team of young entrepreneurs dedicated to making a meaningful impact in waste management.
Founded in 2014 by Bongane Nkosi and headquartered in Randfontein, Johannesburg, Bomamba specializes in the management of general and hazardous waste as well as scrap collection. What started as a business collecting waste oil from mining has now transformed into a business that supplies skip bins for efficient waste management, carries out high pressure cleaning, provides underground sanitation solutions, offers biodiversity management through alien plant control and responsibly handles a wide range of waste materials to meet environmental protection and compliance standards.
Although Bomamba Trading has already been operating for 11 years, the company recognized the need to enhance its customer service and expand its geographic reach in order to grow and become more competitive.
Because they are a local SME operating within the host community of the South Deep Mine operated by Gold Fields, Bomamba has qualified for funding from the Gold Fields SD Fund. The fund, managed by Edge Growth's Action ESD Fund, supports sustainable socio-economic development and local business development within the mining concession.
With approximately R5,500,000 secured in loan financing, Bomamba was able to increase its vehicle fleet with a new truck as well as acquire heavy-duty machinery to be able to manage larger volumes of waste more efficiently, especially as Rand West opened up 12 job opportunities in the local host community.
“As a well-established entity within the waste management sector, Bomamba Trading has demonstrated tremendous ability to provide exceptional customer service to its blue-chip clients, as shown by its positive growth trajectory,” says Fana Mnguni, head dealmaker at Edge Growth. “Business success is also a testament to the technical capabilities of a team led by an astute entrepreneur”.
This financial year, the Age Growth Action ESD Fund managed over R212m and continues to be a powerful catalyst for SME growth, job creation and community empowerment, as it was for Bomamba Trading.
age growth is a leading SME development specialist and venture fund manager, specializing in growing small businesses and creating jobs and real change by connecting corporates and entrepreneurs, developing SMEs by addressing their key barriers: access to finance, markets and skills. Our offering covers three service areas, designed to achieve maximum impact:
– Building ESD strategy for corporates and SMEs in their value chains
– Investing in and growing SMEs through fund management
– Growing businesses to their full potential through accelerator programs
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