21 Aug 2013
Sindisiwe Gumede (36) worked in a printing factory for seven long years. There, she felt that her time and skills were wasted. This propelled her to quit her job and open her own property business, Siyeza Magums CC.
As a single mother to a 14-year-old daughter, Londeka, Gumede never had it easy. Her life was blighted from the start. She hails from Mpumalanga township, 47 kilometres west of Durban. The area was rocked by political violence in the late 1980s; this unfortunately led to the separation of her parents.
“I was raised by a single mother,” she tells SAnews. The political violence prevented Gumede from living a normal life and made it difficult for her to pursue higher education after completing matric under trying circumstances.
Gumede launched her company, Siyeza Magums CC, in January 2009 and it already provides employment to eight permanent staff plus 10 part-time staff members. It specialises in property (sales and letting), building and construction, renovations, cleaning and gardening.
All it took to get the company off the ground was sheer guts, determination and a R12 000 contribution by the four founding owners.
“I knocked on every door after registering the company and I think it is slowly paying off,” she says. The company is 100 percent black women owned and managed.
The company sells property in previously disadvantaged areas across KwaZulu-Natal, and lets properties mostly in the Durban Central Business District. They also help their clients obtain finance through their partnership with the bond company, Better Bond.
Siyeza Magums has been nominated for the eThekwini Metro Municipality Women in Business Awards in the category of Micro/Emerging Company. The awards are an initiative of the eThekwini Metro Municipality’s Business Support, Tourism and Markets Unit.
Gumede says while it has not been easy, she and her partners “have learned the ropes”. They’ve received extensive training from the City of Durban.
She has acquired the following skills/courses: bricklaying, basic computer, project management, pricing and costing, real estate, productivity and financial management, among others.
Government institutions that have also boosted Gumede’s skills and knowledge include the eThekwini Metro Municipality, National Youth Development Agency (NYDA), and the Small Enterprise Development Agency (Seda).
She has also benefited from private sector-backed training provided by the likes of Old Mutual, Corobrick, Productivity SA, eThekwini College, ABSA and Entrepreneurs 4 Africa by the Robin Hood Foundation. She also did a six-month course with the University of South Africa (UNISA) in Business Management.
Gumede says the company has property stock to the value of R1.5 million. “Our turnover in 2012 was R250 000.”
She says although the property market is depressed at the moment, her company is in the black and she “started drawing a salary from the company for the first time this month”.
Gumede’s tenacity has paid off. In 2010, she was awarded a Building Excellence Award by the Corobrick Training Centre Business Support. In 2011, she was awarded a certificate by ABSA Enterprise Growth Programme.
“Our long-term plan is to be property developers,” she says. – Bhekisisa Mncube, SAnews.gov.za
Industrial Property for sale in Kya Sands R 1 306 280
Industrial Property for sale in Kya Sands R 1 224 000
House for sale in Cosmo City R 884 000
House for sale in Cosmo City R 859 000
House for sale in Cosmo City R 746 000
House for sale in Cosmo City R 642 000
House for sale in Cosmo City R 603 000
House for sale in Sebokeng Zone 7 R 335 000
Industrial Property for sale in Centurion R 5 406 700
House for sale in Zevendal R 3 950 000
If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.
For the best browsing experience update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.
Please contact our Customer Service Centre for further assistance. Tel. +27 (0)861 111 724