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21 October 2024

Babcock supports bold entrepreneurs

Babcock recognises the vital role that SMEs play in building a sustainable and resilient supply chain in South Africa, and supports emerging companies that are determined to succeed. Entrepreneur Mfundo Gadalane, owner of TMG, had a vision to establish a construction equipment hire business, but a chance encounter with a high-school friend, who was working as a DAF Trucks sales representative at Babcock at the time, prompted Mfundo to consider diversifying into the transport sector.

 

With Babcock’s support and encouragement, Mfundo obtained financing for his first DAF 104-460 truck in 2018. The truck was used to transport timber from his home province of the Eastern Cape to Durban, and before long, demand for his efficient services grew, necessitating a second truck.

 

“As a start-up business, I didn’t have sufficient capital for a second truck, but Babcock saw the potential in TMG and stepped in again to motivate the financing on favourable terms,” says Mfundo.

 

Despite COVID-19 putting the brakes on many businesses, TMG continued to provide essential transportation services and was in the position to purchase a third DAF truck in 2020.

 

By 2021, demand for TMG’s services was growing and it was time to take things to the next level with the purchase of a brand-new DAF XF 480 Smart truck. Three more new DAF trucks followed over the ensuing years, and in August 2024, Mfundo took delivery of his fifth DAF XF 480 Smart truck.

 

Reflecting on the performance of the new DAF trucks, he says the improved fuel efficiency is excellent. “The Eastern Cape to Durban route is not forgiving but the drivers are doing good numbers. They also find the new DAF trucks very comfortable to drive.”

 

Mfundo credits his success to his firm faith, support from his wife Thembeka (the ‘T’ in TMG), and Babcock’s encouragement.

 

“My career followed an unexpected path into the transport sector, but I am grateful for all the guidance and help I have received along the way. Babcock wanted me to succeed,” he says.  

 

“One of our core principles is encouraging our people and our customers to set bold goals, and we find the right way to empower them to achieve these goals,” says Mariette Joubert, sales manager at Babcock. “We support those who are brave, ambitious and determined, characteristics so clearly demonstrated by Mfundo. We wish him and TMG all the best and hope we can continue to be part of his progress.”

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