From BMW paint specialist to R1m competition winner: Here’s how the entrepreneur plans to use the cash
He said the R1 million cash prize will also go towards this contingency fund, as the business has struggled a bit while building its new plant in Pretoria.
After years as a paint engineer and specialist, Rodney Maduwa has been awarded a R1 million cash prize to grow his own paint business, Maduwa Paint World.
Township businesses growing “The calibre of businesses that entered this year’s competition demonstrates that some of South Africa’s most exciting growth opportunities are emerging from township economies,” said Naledzani Mosomane, Head of Enterprise and Supplier Development at Business and Commercial Banking, Standard Bank South Africa.
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