A Durban-based manufacturing company will fly the KwaZulu-Natal flag high at the awards ceremony of the fifth South African Premier Business Awards that will take place at the Sandton Convention Centre in Johannesburg on 30 January 2018. The theme of the awards is Rewarding Business Excellence.
Thekwini Wire and Fasteners is a light engineering company which is specialising in the manufacturing and processing of steel, copper, brass, aluminium and stainless steel wire and fasteners. The company’s chances of returning to KZN with a prestigious award are high as it has been nominated as a finalist in two categories, namely Black Industrialist Award and Manufacturer Award.
The Managing Director of Thekwini, Mr Bala Moodley says he is confident of winning at least one of the awards which he will dedicate to his team of 24 employees.
“We are excited about making it to the finals again as we did in 2016. To us the fact that we are in the top three in two categories is a great achievement that we can brag about. It is also a great source of inspiration to me and all of the company’s employees,” says Moodley.
He reckons his company’s success story could have captured the interest of the judges who adjudicated the entries from across the county, resulting in the two nominations.
“We are not only a good corporate citizen striving to be a world-class company, but we are making a small but significant contribution in the country’s economy.  The nominations are inspiring us because this is a national confirmation and recognition that we are doing something right. I started the company with one customer and nine employees in 2009 using my pension pay-out.  Today we have 100 customers across the country and our turn-over has grown from about R7 million in 2009 to R21m last year,” says Moodley.
He adds that his plan in the immediate future is to start exporting some of their products to markets in the rest of Africa. He reckons with the support from the dti such as the funding he received from the department’s Manufacturing Competitiveness Enhancement Programme, and the international trade mission to Zimbabwe that he participated in last year, his ambitions will materialise soon.
More than 180 companies from all nine provinces entered the 5th SA Premier Business Awards, which are organised by the Department of Trade and Industry (the dti) in partnership with Proudly South African and Brand South Africa. The awards, which are sponsored by Old Mutual, Johannesburg Stock Exchange, Tsogo Sun and Wits Business School, recognise and reward companies that have made a meaning contribution in growing and transforming the South African economy.
Sidwell Medupe - the dti Departmental Spokesperson
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