South Africa: Edge Growth backs Afrox's agent network
South Africa: Edge Growth backs Afrox's agent network
The Edge Action ESD Fund has invested nearly R9 million (c. $499,211) into the growing ventures of four dedicated Afrox agents.
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The Edge Action ESD Fund, managed by South Africa’s Edge Growth, in partnership with Afrox, has invested nearly R9 million (c. $499,211) into the growing ventures of four dedicated Afrox agents.
Afrox is a gases and welding products supplier across sub-Saharan Africa and a member of Linde.
These entrepreneurs from Cape Town, Mpumalanga, and Limpopo have received vital support to elevate their businesses with new equipment and vehicles.
A closer look at the beneficiaries and their new assets:
J Quad Services: Empowered with R2.5 million (c. $138,709) to acquire two new vehicles, boosting their operational capacity.
Mmeke Business Enterprise: Enhanced with R1.275 million (c. $70,745), enabling the purchase of a state-of-the-art forklift.
Makatsile: Strengthened with R2 million (c. $110,974) to secure a robust 24-ton truck.
Atlasoxy: Supported with R3.16 million (c. $175,345) for critical working capital and equipment.
Edge Growth said in a statement: "This investment is not just about capital, but about nurturing growth, fostering innovation, and driving lasting success for these businesses."
The Edge Action ESD Fund was established in 2011 and is Edge Growth’s in-house enterprise and supplier development (ESD) fund.
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