From garage to factory: Family trailer business gets R2m cash injection, sets sights on Africa | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

Lucas Maluleke started Trailored, a small custom trailer company, in a Soweto garage in 2003. At the time, the business could build one new trailer every few three to four months - but has since expanded capacity to produce more than that each day.

The business has also been buoyed by a R2.3 million cash injection through equity crowdfunding platform GoGetta, which they hope will help it become the largest trailer manufacturer on the continent.

Hlanganiso, Maluleke's son, says he"grew up listening to the sound of the grinder in the backyard". His father eventually moved the business out of the family garage to a local bus stop and later to properties close to main roads to better advertise his products.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Amazing!!

Well done you guys!!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines