This 24-year-old opened a steel company during the hard lockdown – it’s now valued at R7.5 million | Businessinsider

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This 24-year-old opened a steel company during the hard lockdown – it’s now valued at R7.5 million

, a steel and pipe provider that launched during the hard lockdown and made almost its first million in just the first five months.

"Right after school I started working for a steel engineering company. I was appointed to buy steel for the company. That's where I got most of my knowledge," he said. "I knew where to buy the product where the public didn't know. I started the company based on that and then I started selling steel," Van Derhan told Business Insider.

And just like that, the businessman, who was 22 at the time, had his first client who made it possible for Steelkor Steel and Pipe to generate R80,000. His company is now valued at R7.5 million, according to Van Derhan, and employs five people. He is in the process of building another 600 square metre store where he is looking to employ 10 more people. Although the 24-year-old had no formal training, he told Business Insider that he owes a lot of his expertise to the advice of a lot of people, one of them being Donald Trump and his book Think Big and Kick Ass: In Business and in Life.

 

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This is an incorrect article based on false information. The journalist did not verify the information supplied.

Dear FinEmbPretoria South Africa can jump start its economy if it does the following: 1-Remove the race based BBBEE laws! 2-Remove all labour law red tape! 3-Reduce Corporate Income Tax to 22%! (This will be lowered to 27% next year tho)

Blacks should start waking up to the reality that they can't rely on govt.. Or else u will complain and be negative forever

This is a brilliant story 👏🏽👏🏽👏🏽👏🏽 Sadly, many black ppl will bash it, because it's not a story about a young black person. Racial politics is eroding the minds of SAns.

BISouthAfrica Does he have a Vrrr pha, Konka yona oa e tseba? No? Ke barry mos...🥺

BISouthAfrica We need many more Jeandre’s. But good for him. Proper job creation

BISouthAfrica Well done! May your future continue to shine!

BISouthAfrica not hard if you're white

BISouthAfrica 👏🏽👏🏽

With R350? 😅😅

The country is ripe with opportunity, as long as you are......

😂😂😂

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