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The construction industry is an innovative space to be in right now. There’s the growing use of efficiency improving technology tools such as drones and augmented reality, as well as new building information tech and construction management software. Housing trends are changing too, with people looking towards modular and pre-fabricated buildings and of course, green construction, looking to lower carbon footprints and search for more energy-efficient building materials.
Scaling with a Bridging Loan
Not only is the industry poised for exciting transformation, everyday construction such as roads and bridges literally keep us going from A to B, expanding networks which are integral to the growth of the country. And in South Africa we have such inspiring architectural trends, blending culture with functionality and new housing developments promoting community and fostering security. Now is the time to be bold if you’re in construction, focusing on ingenious ways to scale your business and taking advantage of a loan from VodaLend to bridge gaps in cash flow.
Growth over the next eight quarters, in the residential, commercial, industrial and institutional sectors of South Africa, will remain disrupted. However, our medium to long term outlook for the construction industry remains buoyant and is expected to record a Compound Annual Growth Rate (CAGR) of 13.2% to reach ZAR 286.2 billion by 2024. (Research and Markets). The current industry buzzword is “cautiously optimistic.”
Survival of the Early Adaptors
Survival and growth will be based on the determination to quickly adapt to changes in the market and the economy. The pandemic has seen unprecedented speed happen with new ways of working, quick changes in customer needs and radically disrupted supply chains. The only way to survive is to be agile. Says Quinton van Vuuren, Vodacom Financial Services Executive responsible for VodaLend: 'Businesses most likely to survive these turbulent times are those quickest to adapt.'
Building Sustainability with the Best Funding Partner
At VodaLend we’re aware of the unforeseen costs incurred during downtime, adhering to construction site containment, the cleaning and disinfecting of construction workspaces and the difficulty finding the right PPE equipment, and even then at often inflated prices.
We are here with the agile support and funding needed for the sustainability of your construction business. We give quick, hassle-free access to a loan where traditional financial services providers are unable to. Whether you need a large boost of capital to employ the top technical know-how or you are an SMME needing to invest in a quality product to set you apart in the market. Now is the time to rethink and refine where you need to invest, what your essential spend is, and how an injection of cash can assist with this.
Why Should You Trust Us?
In just three years Vodacom Financial Services has increased its users from 4.1 million to 9.9 million generating an annual revenue of R1.1 billion in 2020. But don’t just take our word for it, try it and see. The process is simple, as one of our partners, Mpho Masemola from M6T Seal Cargo says, “Within 48 hours, we had the R250 000 loan we needed.”
Give us the basic details about you and your business and we aim to get you approved in minutes. Or simply call us on 082 1960 and press option 6 or email firstname.lastname@example.org. A decision will be given within minutes – no paperwork, no waiting and no commitment. Then the decision is up to you. The funds can be in your bank account within 24 hours and repaid in standard instalments, or you can choose to pay early with no penalty fee.
Building a solid foundation
It is a privilege for us at VodaLend to help support local business. We are here to take your company to the next level with no paperwork or complex applications; our funding is constructed to suit you. Let’s make early responsiveness the building block to your success.