Entrepreneur Tommy Makhatho from Bibi Cash and Carry won The 2013 Sanlam Business Partners Entrepreneur of the year Awards. This incredible businessman built his business from the ground up and two decades later he has turned his dream into tangible reality. Starting with capital of less than R10 000, Bibi Cash and Carry now employs over 830 people, with turnover of nearly half a billion a year.
The R100 000 grand prize was a fitting reflection of his achievement. Delighted at his win, Makhatho said: ‘I’m honored to be honored as the overall winner. As I look back at where I come from armend with passion and R7 000 in my pocket. I started as a hairdresser, I was good at what i was doing and I decided to grow my skill as an entrepreneur”
He continued: “What is the secret? We had the right recipe, being chosen is not about what you say, it’s about what you do right. I’d like to thank my team. I am delighted to have my son working with me. There is another 25 years ahead of us. My dream is to become one of the major players in the FMCG market.”
The awards event took place at the Hyatt Regency in Rosebank on Wednesday 4th of September. Bruce Whitfield kicked off the proceedings, “There is growing media coverage on business and entrepreneurship in SA and that is a positive thing. He revealed that the total value of prizes was R1, 340 000. The Sanlam Business Partners Entrepreneur of the Year Award competition aims to honour, benefit and uplift South African SMEs. Now in its 25th year, the competition celebrates excellence in entrepreneurship to inspire others to succeed in the world of business.
William Duk, 2012 EOY winner who owns a shutter business and who has now bought a valve business talked about the progress of his business as a result of winning the award.
“Winning this award was the most magnificent and unexpected recognition” – he said. He singled out the advice given and the contacts he built had been invaluable.
“We need more business to create more employment. We might see 2% GDP this year” said Janie Roussow from Sanlam Business partners. He congratulated all the finalists and offered some business tips. “You can’t run a successful business if you don’t have skilled staff and employees need to be motivated. Ultimately you are in business to make money, but also to leave a legacy” He concluded by quoting Nelson Mandela “Money won’t create success but the freedom to make it will”
Christo Botes Executive Director of Sanlam Business partners said that “It’s a wonderful thing to be associated with a winning culture ”
A total of 7 winners were announced:
Lifetime Achiever award, introduced this year, awarded to an individual who has shown fortitude and strength in the entrepreneurial arena and has been in the industry for a long time.
Margaret Hirsch – Hirsch’s
Emerging Business Entrepreneur of the Year Award:
Jonathan Pepler – Silverline Group
Small Business entrepreneur of the Year Award:
Andrew and Chris Brown – The Daily Buzz
Medium Business Entrepreneur of the year Award:
Anton Roussow – Life Path Health
Job Creator of the year Award: Tommy Makhatho – Bibi Cash & Carry
Innovator of the Year Award: – Mariaan Du Plessis – The Medical Nutritional Institute
Below is a full list of the 14 finalists. A most impressive list of entrepreneurs:
Emerging Business category finalist:
- Jonathan David Pepler of Siverline group – A construction business that provides high performance environmentally-friendly alternative building solutions.
The Small business category finalist:
- Wendy Kemp – Accountability Group – Western Cape created a base to track down companies using their ID numbers
- Tim Matthis of Thirty by Thirty Marketing – Award winning provider of mobile and online customer experience management software and services
- Andrew Brown – The Daily Buzz – An upmarket and soeciality chain of coffee bars which service the corporate workplace
- Sue Hadcroft – Cubicle Manufacturing Solutions – manufactures 100% moisture resistant compact high pressure laminate boards for toilettes and showers.
Medium Business Category finalist:
- Margaret Hirsch – Hirsch’s – A mega independent appliance chain store
- Mariaan Du Plessis – The Medical Nutritional Institute – Research, development and marketing of new pharmaceutical products
- Nandha Moodley – Rubber Engineering in KZN – The company services the printing, packaging, aluminium, steel and labeling textile industries and offers clients the solution for their manufacturing and recovering requirements
- Lewis Thomas – Partners Hair Design – A successful group of hair salons
- Ebrahim Patel – Malcolm-Ezindaleni Hydraulics & Engineering (Pty) LTD – A mechanical engineering company
- Andre Visser – Fabrinox – Offers one-stop manufacturing solutions with extensive market experience in component manufacturing, custom-tailored project management, installation, and technical advice.
- Tommy Makhato – Bibi Cash & Carry – A retail wholesaler group in Qwaqwa, in the Free State. They have seven stores as well as 32 express stores.
- Paul Kent – Sure Swipe – The company offers debit and credit card swipe machines to SMME’s in SA.
- Anton Rossow – Life Path Health, a private health care facility for mental health the Western Cape.
Judge Ferouze Oaten said over 170 nominations were received this year. They have diverse finalists who had to go through a vigorous process.
Visit www.eoy.co.za for more information.