About PR Vending Pty(Ltd)
PR Vending (Pty) Ltd has been vending since 1994, and is proud to say that we are one of the largest privately owned Vending Companies in South Africa. P.R. Vending (Pty) Ltd is a member of V.A.S.A (Vending Association of South Africa) and a Nestle and Coca-Cola appointed operator.
Company Profile
PR VENDING is part of The PR Vending Group and has been vending since 1994. We are proud to say that we are one of the largest privately owned Vending Companies in South Africa. The PR Vending Group is a member of VASA (Vending Association of South Africa) and a Nestle and Coca-Cola appointed operator.
PR VENDING can offer you the widest range of when, where and what you can vend. We are currently vending Coca-Cola, Appetizer, Just Juice, Willards, Simba, Biltong, Nestl�, Cadbury and many more products.
PR VENDING can introduce you to a Vending Machine on a 30-day trial period, before deciding whether the machine will be viable for both parties. (Conditions apply).
More about Victor Matooane:
Director of PR Vending (Pty) Ltd and author of the book, "Before you invest in your first vending machine".
It started with one vending machine. Now, he has over 1 000. Scientist Victor Matooane left his position at the Centre for Scientific and Industrial Research (CSIR) to become an entrepreneur and take on his burgeoning business full-time.
Four years later, his machines are at Massmart stores around the country, as well as other key locations. His business is third largest after Coco-Cola and Nestle, and it's the biggest private vending machine in South Africa, enjoying a 65% share of the market.
The day everything changed
Matooane went from being PR Vending’s biggest
customer to its owner in December 2005.
The purchase of the R10-million company
required a sizeable bank loan, and as Matooane
puts it: “Massmart’s contribution was a key
decider in concluding this mult-million-rand
deal. I had Massmart’s business before I applied
for the loan, and with it I showed the bank I
could cover the repayments.”
“When I first applied, I put everything I
had down as collateral, including my house
and the 360 vending machines PR Vending
and I had at the time. At first, the bank had
many requirements for me to meet. I changed
PR Vending from a closed corporation (cc)
to a PTY Ltd. I had to meet monthly targets
and bank representatives would come to the
premises to conduct unannounced inspections.
Six months later, they stopped coming,”
Matooane says. “These days when the bank
calls, it’s to invite me to lunch.”
Business philosophy: gratitude
Matooane’s success comes from his desire
to grow his business and his gratitude to
those who have helped him. “Jacques Pierre,
then at Builders Warehouse Centurion, gave
us our first major break. After that, I wrote a
letter to Massmart's CEO at the time, Mark
Lamberti, who responded to me within two
days. This led to a meeting with Joe Owens,
Gert Lourens, Norman Kretzmer and Alex Rymaszewski. I ordered a cool drink at the
beginning of that meeting and by the time
it arrived, the deal was struck,” Matooane
recalls. “I drank my cool drink in the car.”
“I am grateful to so many wonderful
Massmart people: Ed Borcher, Mark and Jean
Cotty, Joss Mathabela, Jaco Henrico, Isaac
Motoko, Hugh MacCloughan, Brian Leroni,
Grant Pattison…” his list is endless.
Going for growth
Matooane’s strategy is to grow his business
ahead of 2010, when South Africa will host
the Soccer World Cup. He wants his vending
machines in key locations such as airports,
hotels and stadiums. “Last week, I bought a
vending business company for R1,5-million.
Tomorrow, I’m buying another one for R2,3-
million,” Matooane says. “In this business you
either grow, or get out. There’s no room for
complacency.”
Being at the right place at the right
time has been part of Matooane’s success
in the past. He introduced his vending
machines into traffic department sites just
as South African legislation required all drivers
to apply for new credit card style drivers’ licences. “You should have seen the queues,”
Matooane recalls with a smile.
“I started this business with my two young
daughters, Mamello and Katleho, as partners.
I had read a book about building wealth and
realised that although I had an MBA and a
keen interest in entrepreneurship, I still worked
for a salary. So, I bought our first machine
to help my daughters earn their own money
and teach them about money management.”
Today he eyes the future, knowing that what
his company achieves and the lessons they all
learn will carry them forward.
Looking to the future
“There are some outstanding Massmart
outlets still to join the PR Vending family in
Gauteng, KwaZulu-Natal and the Eastern and
Western Cape,” says Matooane. “When all is
said and done, we will be the best vending
machine operator partner with Massmart for
years to come.”
Profile published by Personal Best Magazine. page 11, issue 7 ,2007.
Titled: "Massmart helps visionary grow his business"
Our Services
PR VENDING will be responsible for all technical services on the Vending Machines.
PR VENDING will have their Tollfree number clearly displayed on all Vending Machines, and therefore handle all customer complaints directly from our Call Center.
PR VENDING will stock these machines on a regular basis.