On Tuesday, South African parastatal, Eskom, announced that since winning top prize in the manufacturing category of the Eskom Business Investment Competition (BIC) in 2014, the Strato Group, led by founder and creative designer Maloti Mothobi, has continued making major strides in establishing itself in the fashion industry.
Eskom Business Investment Competition
The annual Eskom Business Investment Competition, recognises, develops and rewards South African owners of small and medium enterprises (SMEs) as part of the Eskom Development Foundation’s ongoing business support programme.
The utility explained in a statement that the competition is open to small- and medium-sized, black-owned business that operate in the agricultural, manufacturing, services and trade sectors, and which have been in existence for at least 24 months.
[quote]The local firms compete for a share of ZAR1.7 million ($138,351) in prizes.
“The businesses that enter are assessed on their business acumen, track record and potential for job creation, with the aim of identifying businesses that, with support, could achieve major growth,” the Eskom statement explained.
With International Worker’s Day just a few days away, recognising the entrepreneurial spirit and drive of young South Africans only seems fitting.
Following her achievement at the BIC, Mothobi was nominated by weekly newspaper Mail & Guardian as one of the 200 Young South Africans to watch in the Arts and Culture category in 2015.
During the same year her company celebrated yet another milestone as they opened their Johannesburg concept store in Marshalltown.
In addition, Strato has now also opened its manufacturing subsidiary, StyleKontrol to designers and corporate South Africa, the utility said in a statement.
The subsidiary’s offering includes small and medium scale manufacturing (CMT), supplying t-shirts, as well as promotional and corporate clothing.
StyleKontrol aims to bridge the gap in clothing manufacturing between micro enterprises and giant suppliers.