We were named the first winner of Go 4 Growth, the most prestigious award and richest business competition in South Africa. We were chosen amongst 200 competitors within the country.
The entry list included firms from more than 20 different industry sectors, including IT, Engineering, Transport, Industrial, Retail and Medical. Companies of all sizes ranging from one employee right through to companies with 500-plus people were included in the entry list.
The company’s growth record over the past four years clearly impressed the judges, with revenue growth exceeding 100% per annum for each year of the period.
Mr Sandy Pratt, Managing Director of S.M.E.I. Projects in 2007, received the award from JSE CEO Russell Loubser and SAP South Africa Managing Director Claas Kuehnemann.
The Go4Growth competition was aimed at identifying South Africa’s most growth-oriented SME and at encouraging companies to look to the AltX as a means of raising capital to grow.
Four partners supported Go4Growth: Business software leader SAP, the JSE’s AltX exchange, Official AltX sponsors Xchange Sponsors and Business growth advisors, SAP BusinessEdge.
Mr Sandy Pratt said he was ecstatic and overwhelmed that the company had won through in a field of top-performing competitors.
“We’ve built a very successful business in the construction sector, and it’s fantastic to be acknowledged in this way. Most importantly for us, though, is that we know we can do even better. Winning Go4Growth is a wonderful way to fast-track our ambitions to list on the AltX,” he said.
Speaking at the awards event, Loubser said the growth of AltX over the past year was nothing short of phenomenal. “So, it’s great to have another quality company lined up for a listing on AltX. S.M.E.I. Projects will be joining 72 other quality SMEs listed on AltX once they meet the listing requirements.
“Go4Growth has been invaluable from the JSE’s point of view because it has highlighted for a very broad range of businesses that AltX is indeed an obtainable and very viable option for them to raise growth capital,” said Loubser.
Mr Kuehnemann said the Go4Growth competition had been about much more than identifying and rewarding a winner. “This competition has also been about highlighting the fact that South Africa has an exceptionally strong core of SMEs that have the ambition and commitment to drive their organisations onto a different plane.”