NTGR Engineering, a local engineering company, was recently crowned the fastest growing black-owned small, micro and medium enterprise (SMME) of the year during the 2023 Netbank Top Empowerment awards at the Indaba Hotel, Sandton.
NTGR Engineering collected multiple awards for 2023, including a Mining Equipment Manufacturers SA (Memsa)award for Excellence in Digitised Services. Memsa awarded NTGR Engineering the award for adopting technological solutions for improved value-added services to clients.
The awards have now hit their 22nd instalment in honour of outstanding leaders and companies in South Africa which have demonstrated a remarkable commitment to empowerment and transformation. These awards have become the pinnacle of recognition for the country’s business elite, celebrating their inspiration, vision, innovation, leadership and action in driving empowerment and transformation.
Sponsored by Pepsico, the fastest growing black-owned SMME of the year award recognises companies that have demonstrated remarkable growth and have a strong commitment to empowerment. The category highlights businesses that have shown a year-on-year turnover growth of 20% in the last financial year, with a turnover ranging from R5-million to R35-million.
Finalists are required to have at least a Level 1–4 B-BBEE scorecard or 50.1% black ownership, along with a minimum operational period of two years.
In competition for the same category were 13 other companies such as Y-Brand, ProcureSense, Woodtech Concepts and Basadi Group. Other companies honoured during the awards include African Bank, Coca Cola Beverages SA, Sasol, Nestle and Sun International.
Managing director of NTGR Engineering Abednico Mkhari said: “This award is truly affirming to us as a company and it tells a story of the hard work, commitment and determination of our team who work tirelessly to implement our growth strategy across our divisions.
“As a business, we are committed to creating value for our clients, making a real impact in the communities we serve and contribute immensely to the socioeconomic growth of our country.
“In 2022, we embarked on a momentous journey to penetrate the SADC region and are pleased to announce that we have made inroads in the DRC, Botswana and Mozambique through strategic partnerships and collaborations.”
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