Modise Mogashoa
Johannesburg (ZAF)
Role(s):
Founder/Owner/Principal
MIT Trading
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Startup
Location:
Johannesburg
Industry:
Investing
Year Founded:
2007
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
"C" Corporation
Description:
Our vision is to develop a world class Service, based on seamless integration of all modes
and multiple networks, that will grow in size, stimulate economic growth and
development, facilitate trade, comply with international safety standards and deliver
efficient and quality services to customers.
MIT Trading originally sought to provide solutions for SME’s, NGO’s, Government and Private
Sector Businesses. MIT Trading were providers of primarily small Graphics, Designs, Web
Developments, On-line Solutions, Events Management, Think Tank for Co-Operatives and Retail
Solutions. Becoming more proficient we identified gaps in the small and medium corporate markets.
In April of 2010 we were approached to become a Solution Center and began fast tracking staff
members by investing money in training in development of what became a Business Think Tank for
Our Economical Express.
Founder/Owner/Principal
MIT Trading
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Service Provider
Location:
Johannesburg
Description:
Our industry will achieve a significant increase in Business and Government participation in ownership,
management and employment in companies throughout the industry value chain. We will pursue a growth strategy that priorities the retention and creation of quality Key Account Customer relations.
The South African middle market is largely untapped with only small players delivering into the small
corporate arena. A review of current market shares shows that pricing is prohibitive to the medium
sized companies. Business Think Tank for Our Economical Express is an ideal solution to meet this
gap in demand as the license pricing is Rand based and not governed by US Dollar exchange rates.
MIT Trading has identified two main market arenas’ to specialize in. The first is local business in
South Africa and the second is the African market which remains untapped as Business Think Tank
for Our Economical solution providers remain nervous of investing in these emerging baby markets.
Countries like Uganda, Tanzania, Kenya, Senegal, Nigeria, Chad, Angola, DRC, Sierra Leone and
Congo are starved of the tools to make their companies transparent and more efficient in the global
economy. MIT Trading is presently fielding inquiries from as far as China and the Scandinavians. In
the South African market, MIT Trading sees the opportunity in the import/export module we have
developed as well as the strength of the local industries. With the understanding that many head
offices reside in Gauteng, MIT Trading would seek to establish a solid presence in Gauteng to better
facilitate communications with key decision makers.
Services Provided:
- Business Credit Building
- Funding -> Business Acquisition / Franchise Funding