Bathabile Moreki, CEO of Township Economy Transformation in Franchise Eco-System (TETFE)
Bathabile Moreki, CEO of Township Economy Transformation in Franchise Eco-System (TETFE), is using her creative and profitable training technique to revolutionize mining. TETFE provides developing mining entrepreneurs with skills training and compliance services, helping communities to strategically empower themselves to prepare for and capitalize on opportunities in mines in their area.
The mining sector is an important contributor to the South African economy, generating a lot of money and employing more than 450,000 people. Yet the mining industry has long faced the difficulty of transformation and fair rewards for all stakeholders, including communities that want to participate in the business. The lack of resources for potential beneficiaries to work on their compliance and skills remains a major barrier, as compliance exercises require financial resources that most communities barely have.
According to Moreki, “You see that many potential beneficiaries are unable to maintain their annual CIPC fees, corporate bank account fees, etc., resulting in accounts being closed or deregistered. Some can’t even afford to buy data or tools like laptops to access opportunities. Sometimes others miss training opportunities due to a lack of toiletries or taxi fares. It’s a lot of small things when you have the financial resources, but for the communities it’s a real daily struggle.”
TETFE is redefining the mining industry landscape by providing emerging entrepreneurs with the skills, compliance services, training and mentorship they need to thrive. The company provides quick answers to the difficulties both miners and communities face by providing profitable mentorship that also allows recipients to become self-employed and benefit from day one. Moreki achieves this by creating jobs and encouraging communities to take control of their destiny, enabling them to become active participants in the mining sector faster by accessing opportunities.
According to the Minerals Council South Africa, the mining sector is responsible for about 8% of South Africa’s GDP. While the industry has the potential to generate significant economic growth and employment, it is critical that the benefits are shared between adjacent areas. TETFE addresses this gap by working directly with local stakeholders and providing knowledge on how they can strategically strengthen themselves to ensure a fair and equitable distribution of mining profits.
The success of TETFE is a testament to the power of entrepreneurship and innovation. By identifying a need in the mining industry and providing a solution, Moreki has created a successful business that benefits both the mining industry and local communities. Her approach emphasizes the importance of looking beyond traditional methods and embracing new and innovative solutions to drive sustainable growth, real development and empowerment.
As South Africa’s mining sector evolves and transforms, players like Bathabile Moreki are critical to ensuring a more sustainable and equitable future for all. TETFE’s services prepare new and developing entrepreneurs to enter the marketplace by creating jobs and inspiring local communities to take control of their destiny.
Bathabile Moreki’s innovative and profitable mentorship method challenges traditional ways of thinking and opens the door to new, creative approaches to mining problems. Her success serves as a powerful example of what can be achieved with the right mindset, dedication and entrepreneurial spirit.
