Samuel and Motlapele Molefi win 2018 Entrepreneur of the Year award

Samuel and Motlapele Molefi win 2018 Entrepreneur of the Year award

- Samuel and Motlapele Molefi own Modi Mining

- They won the 2018 Entrepreneur of the Year award

- They grew their company's net asset value from R1m in 2012 to R80m in 2017

PAY ATTENTION: Click "See first" under the "Following" tab to see Briefly News on your newsfeed!

A husband-and-wife entrepreneurial team has won the 2018 Entrepreneur of the Year award.

Sanlam and Business Partners, which sponsor the award, named Samuel and Motlapele Molefi the winners on 5 September, smesouthafrica.co.za reports.

Briefly.co.za learned that the couple founded Modi Mining CC in 2011. It provides contract mining services to companies in the local mining industry.

PAY ATTENTION: Save mobile data with FreeBasics: Briefly is now available on the app

According to Gugu Mjadu, the competition's spokesperson, the couple grew their company significantly despite the tough economic environment.

Modi Mining's net asset value rose form about R1million in 2012 to a staggering R80million in 2017. Gugu described this as "truly impressive."

READ ALSO: Twitter drags Ramaphosa after he sold his cattle for R19.5million

Samuel and Motlapele also created a total of 98 new jobs through their company in 2017, according to Black Umbrellas.

In a tweet, Motlapele thanked God upon learning the exciting news. She and her husband are currently on a tour of Peru to study the mining industry there.

READ ALSO: Cape Town farmer builds R30m village for 150 workers

Watch a funny animated video below from our Briefly - South Africa YouTube channel.

Do you have a story to share with us? Inbox us on our Facebook page and we could feature your story.

To stay up to date with the latest news, download our news app on Google Play or iTunes today.

Source: Briefly.co.za

Related news
Metro cop and drifter’s love story on Sofa Slahlane wins over Mzansi

Metro cop and drifter’s love story on Sofa Slahlane wins over Mzansi

Metro cop and drifter’s love story on Sofa Slahlane wins over Mzansi
Briefly.co.za
Mailfire view pixel