Bathabile Moreki, CEO of Township Economy Transformation in Franchise Eco-System (TETFE), is transforming the mining industry with her innovative and profitable training method. TETFE offers skills training and compliance services to emerging mining entrepreneurs while also helping communities to strategically empower themselves to prepare for and benefit from opportunities in mines in their areas.
The mining industry is a crucial contributor to South Africa’s economy, generating significant revenue and providing employment for over 450,000 people. However, the sector has long faced the challenge of transformation and fair beneficiation for all stakeholders, including communities aspiring to participate in the mining industry. The lack of resources for potential beneficiaries to work on their compliance and skills remains a significant barrier, as compliance exercises require financial resources that most communities barely have.
According to Moreki, “You find a lot of potential beneficiaries not able to maintain their CIPC annual fees, business bank account fees, etc., leading to accounts being closed down or deregistered. Some cannot even afford to buy data or tools like laptops to access opportunities. At times, others miss training opportunities due to lack of toiletries or taxi fare. It’s a lot of small things if you have means of financial resources, but to the communities, it’s a real daily struggle.”
TETFE is changing the mining industry landscape by providing emerging entrepreneurs with the necessary skills, compliance services, training, and mentorship to succeed in the industry. The company offers immediate solutions to the problems both mines and communities face by offering profitable mentorship that also offers opportunities for beneficiaries to be self-employed from day one and earn profits. By doing so, Moreki is creating job opportunities and empowering communities to take control of their futures so that they can become active participants in the mining industry sooner by having the means to access opportunities.
The Minerals Council South Africa reports that the mining sector is responsible for approximately 8% of South Africa’s GDP. While the industry has the potential to create significant economic growth and job opportunities, it is essential to ensure that the benefits are shared with surrounding communities. TETFE is bridging this gap by working closely with local stakeholders and providing information on how they can strategically empower themselves to ensure fair and equitable distribution of the benefits of the mining sector.
TETFE’s success is a testament to the power of entrepreneurship and innovation. By identifying a need in the mining sector and providing a solution, Moreki has created a successful business that benefits both the mining industry and local communities. Her approach highlights the importance of looking beyond traditional methods and embracing new and innovative solutions to drive sustainable growth, real development, and empowerment.
As the mining sector in South Africa continues to evolve and transform, stakeholders like Bathabile Moreki are essential to creating a more sustainable and equitable future for all. TETFE’s services provide practical readiness for new and emerging entrepreneurs to enter the industry, creating job opportunities and empowering local communities to take control of their futures.
Bathabile Moreki’s innovative and profitable mentorship method challenges traditional ways of thinking and opens the door to new, creative approaches to problems in the mining industry. Her success serves as a powerful example of what can be achieved with the right mindset, dedication, and entrepreneurial spirit.