RMK Industries (Pty) Ltd (“RMK”) developed a cooperation platform to supply rural consumers with offers affordable, quality products to rural consumers and provide grocery stokvel services. The platform is based on profits sharing between RMK, investor, retailers, consumers in underdeveloped areas and youth apprentices. The platform is termed Retailers in Rural Regions Platform (“RRR”) and will provide selected teams with access to funding mainly to buy basic consumer products (stock) that will be sold in a legacy rural retail shops. Each team will consist of a retailer in underdeveloped area, youth apprentice and a mentor.
The platform will unleash the power of partnership that will provide:
- Legacy retailers with access to investment that they will normally access;
- Operational turnaround;
- Unemployed youth graduates entrepreneurs in underdeveloped areas with entrepreneurship training/opportunities to through Certified Entrepreneurship Professional Program (“CPE Program”);
- Rural consumers with affordable basic consumer products;
- Manufacturers/producers with access to market; and
- Crowd funding investors with reasonable returns.
Investors, retailer, emerging entrepreneurs and consumers are collectively called network partners.
RRR program offers rural retailers access to funding and an opportunity to develop markets and brand while mentoring and helping to develop young entrepreneurs. The program is a grassroots marketplace - a platform that connects inspiring entrepreneurs and retailers in rural regions with marketing opportunities. The program provides accessible, affordable, quality and engaging entrepreneurship experience to potential youth entrepreneurs and rural retailers that will earn accredited qualifications.
- is designed to develop entrepreneurs and retailers in underdeveloped areas;
- will recruit potential youth entrepreneurs and utilise the rural retailers to provide them with practical entrepreneurship experience - in the process, learners will develop and formalise the retailers.
- will provide each apprentice with initial capital to invest in the partner retailer.
- will further drive up support from the public to invest further in each team. The team will have to develop a compelling value proposition to attract investment.
- The program will also assist retailers to source basic consumer products at affordable prices and access investment opportunities.
Auction - Supplier price tendering
The platform invites bids from manufacturers/producers/distributors/wholesalers to supply its retailers with products listed below. Suppliers to select the products that they can supply at a better price than the previous close tender prices. The price tenders will be updated daily and there is no finite deadline. The platform will procure from the supplier offering the best price. RMK will conduct due diligence suppliers and conduct continuous monitoring of their performance. RMK is responsible for the evaluation and final selection of the vendors. The selection of the offers will be based on the offer price, capacity, reliability and convenience. The vendor to select appropriate product/s and provide make a price offer.
CPE Program - Team performance
Certified Professional Entrepreneurship Program (“CPE Program”) is a unique integration program that will enhance concurrent development of retailers in rural regions and youth entrepreneurs. The program will offer rural retailers an opportunity to develop markets and brand themselves while mentoring and helping to develop young entrepreneurs. CPE Program is a grassroots marketplace - a platform that connects inspiring entrepreneurs and retailers in rural regions with marketing opportunities. The teams will learn about teamwork, communication, risk, diversification, company analysis, industry analysis and investing. Teams must seek innovative measures to ensure profitability. Partnerships between teams will be encouraged to increase buying power and ability to source products cheaper.
Join the network
South Africa is changing and its challenges call for a different type of enterprise development and investment banking. RMK’s mission is to facilitate investments that incorporate entrepreneurship and business development services. The approach transcends boundaries and facilitates economic transformation in underdeveloped areas. Click the link below to access the CPE Program Brochure.
We support suppliers to distribute and sell products within identified territory by creating and implementing localized sales plan and support suppliers’ overall operations, processes, people capability to ensure that they achieve their distribution and marketing targets. Once a supplier becomes our client, we will assist them to grow their business market share. Click the link below to access the Supplier Development Brochure.
We support rural retailers in sourcing quality product, funding, develop product strategies to support and implementing of localized sales plan and supporting them with overall operations, processes, people capability to ensure that they achieve their targets, mainly sales targets. We assist them to achieve sustainable grow of their business, profitability as well as market share.Click the link below to access the Retailer Development Brochure.
RMK Industries (Pty) Ltd (“RMK”) has established an investment product forRetailers in Rural Regions (“RRR”). The investment product has socioeconomic benefits and is an ideal investment for a social responsible investor interested in rural and township development. Click the link below to access the RRR Investment brochure.
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