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| Published in: Succeed in money
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 Although it is often argued that small businesses are nowhere near as important to the country’s economy as their big brothers, these companies often make invaluable contributions worth millions.
One such company is Tshisiku Business Management, which is saving corporates millions in monthly expenditure on their utility bills.
“Tshisiku undertakes utility audits such as water and electricity payments for big corporate and individual companies,” explains human resource manager Alicia Scott. “We request 12-month invoices from the appropriate council and we check whether our clients have been charged correctly. If we find an error, we can rectify it for them by placing them on the most cost-effective tariff.”
Tshisiku founding member Nick Eleftheriades recognised the need in the market for this service five years ago when the billing system in the country changed. This led to many companies being charged the incorrect rate, without them being any wiser.
Tshisiku’s expertise in this field, regarding bylaws, national acts and all legislation pertaining to councils places them in a perfect position lobby for the best possible tariffs for their clients.
However, this valuable service was almost not available, as Eleftheriades was shown the door by many finance institutions. Only Absa Small Business was willing to take him on.
“Renee, our small business manager, has been extremely helpful,” says Scott. “She has really gone out of her way to help where she could.”
Tshisiku provides its analysis free of charge. Only if a saving can be found does the company collect a percentage of the savings for four years. It also participates in a percentage of savings for refunds where the company has been billed incorrectly in the past.
We are currently dealing with a number of large corporates that have concerns with their utilities and have audited these accounts using our unique methods and expertise.
“We recently managed to secure a huge refund for a bottling company. We also managed to save one mine over R1 million a month, just by changing them to a more cost-effective tariff.”
Although the Tshisiku business will eventually end as companies move to the correct billing rate, there are still many companies that are unwittingly paying more than they should. To them, Tshisiku offers an invaluable service, especially in the years to come, with electricity bills set to skyrocket.
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