Siankobangamandla Engineering Services (Siankoba), a 100% black female owned and managed engineering company based in eMalahleni, has recently been awarded a significant investment by the Abadali Fund, a Black Business Growth Fund that is part of the Abadali Equity Equivalent Investment Program (EEIP).
It is a South African economic inclusion initiative by the Department of Trade, Industry and Competition (DTIC) in partnership with JP Morgan, and is managed by Edge Growth Ventures.
This feature will enable Cyankoba to:
– get special mining equipment,
– Expand its operational efficiency, and
– Create additional jobs in Mpumalanga.
Founded in 2013 by Nkobile Valentia Makhabela, Siyankoba has grown from a single engineering entity into a diversified group with three subsidiaries specializing in (i) engineering, (ii) mining and logistics, and (iii) energy – each business unit led by women. More than 530 sustainable jobs have been created under Makhabela's leadership, a record that earned him the Job Creator of the Year award at the 2024 Business Partners Entrepreneur of the Year Awards. She was also a finalist in the 36th Annual Business Partners Ltd. Entrepreneur of the Year® Awards and a finalist for the Richard Fletcher Entrepreneur of the Year Award in 2025.
The business services Tier 1 mining houses such as Seriti Resources, Thungela and Glencore, meaning Siyankoba has a 12-year track record in conveyor systems engineering, plant maintenance and mechanical and electrical services. It is this foundation that has positioned the business well for the Abadali Fund's investment thesis of supporting high-growth, majority black-owned SMEs with strong job creation potential.
“The application process was very educational for me and my colleagues as entrepreneurs, as Edge Growth guided us throughout the journey. Our business acumen has been sharpened, helping us achieve our strategic outcomes and deliver positive results,” says Makhabela.
Funding is already translating into operational confidence. She adds, “The funding has boosted our confidence, especially with our niche customers, who are our largest revenue contributors. It has enabled us to maintain compliance in service delivery, which has had a positive impact on our SLAs and accelerated revenue growth.”
“The growth trajectory of the business over the past 12 years, and its projected future performance, reflects its consistent quality service delivery to blue-chip clients and the strength of its technical team led by a highly experienced and astute entrepreneur. Siyankobangamandala Engineering exemplifies developmental impact at its highest level, evidenced by its role as a major catalyst for job creation in its local community and surrounding areas,” said Agarwal, Associate Principal of Edge Growth and a member of its Fana Mnguni says. Senior dealer.
With a strong balance sheet and growing order book, Siyanqoba is positioned to deepen its footprint in the mining sector while continuing its commitment to job creation, women and youth empowerment and community development in Mpumalanga.
Established in 2021, the Abdali Fund is designed to expand debt financing to eligible, black enterprises operating primarily in South Africa's industrial, green and township economy sectors. The focus is on providing medium and long-term financing to Black-owned and majority Black-controlled businesses that may not have access to traditional commercial finance. Abadali Fund currently has over R300 million under management.
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