Nedbank Business Accelerator with 702

Makwande Auctioneers puts business assets under the hammer

Enter your business in the Nedbank Business Accelerator Campaign with 702 today.

Business Accelerator finalist Makwande Auctioneers is an auction house which specialises in business-to-business (B2B) auctioneering.

The business auctions off obsolete assets such as manufacturing equipment and manufacturing by-products, explains business growth specialist Pavlo Phitidis.

Makwande Auctioneers is a young, black and female-owned.

Phitidis says Makwande Auctioneers founder Nobantu Mtimde is a determined and driven entrepreneur.

Mtimde says she was exposed to the asset disposal industry while working for another company and decided that she could add a new perspective.

Phitidis advises that the business needs to find good quality stock and make regular deals in order to grow.

The longer Nobantu sticks at this, the deeper she understands the value chains and the more the intellectual property and relationships build.

Pavlo Phitidis, business growth specialist

Take a listen:


702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
10 business tips to boost you through a tough economy

10 business tips to boost you through a tough economy

Business growth specialist, Pavlo Phitidi tracks down previously profiled businesses and advises them on their next level growth.

#BizX:  A+Students on why making Math fun improves your child’s skills

#BizX: A+Students on why making Math fun improves your child’s skills

CEO of A+Students, Marlene Mouton's 'whole-brain development course' has changed the way children pupils learn maths.

Bridge Taxi Finance helps taxi operators obtain new model vehicles

Bridge Taxi Finance helps taxi operators obtain new model vehicles

Bridge Taxi Finance provides finance for the taxi industry, the preferred transport for millions of South Africans.

UAV and Drone Solutions fights wildlife crime

UAV and Drone Solutions fights wildlife crime

The company utilises disruptive new technology to fight wildlife crime, provides prosaic security services to commercial sector.

 Eco-Match gives construction waste new life (far away from landfills)

Eco-Match gives construction waste new life (far away from landfills)

Eco-Match finds green and cost-effective ways to eliminate construction waste and create new recycled concrete material.

Mitech's Malcolm Haefner is your music man (and much more)

Mitech's Malcolm Haefner is your music man (and much more)

Mitech Direct offers customers access to skills and products across the entire spectrum of musical and related technologies.

Popular articles
'ANC may split if Dlamini-Zuma is elected leader'

'ANC may split if Dlamini-Zuma is elected leader'

Political analyst Dr Somadoda Fikeni sat down with Ray White to discuss the future of the ANC.

The Steinhoff Story: from humble beginnings to billions

The Steinhoff Story: from humble beginnings to billions

Financial Mail editor Rob Rose chats to Eusebius McKaiser about how Steinhoff became the retail giant we know, before the fall.

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

In 2012 Steinhoff acquired 20% of wealth manager PSG, reportedly infuriating Mouton. Bruce Whitfield interviews him.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...