Arch Technologies nets R10 million funding to supply Personal Protective Equipment
Arch Technologies is a distributor of health and industrial safety equipment based in Cape Town and was founded in 2017 by two young men in their twenties, Kehar Narismulu and Nikhal Narismulu. The company has received over R100 million worth of purchase orders for the supply of Personal Protective Clothing and equipment for health workers who are at the front of the country’s fight against the pandemic.
Approximately R755 million has been allocated for the procurement of Personal Protective Equipment (PPE) between the Provincial Health Departments, the National Department and the Solidarity Fund. “The Health Department estimates South Africa requires 210 million PPEs to the value of R3.5 billion to address the current COVID-19 crisis. The majority of the shortages include barrier gloves used
in day-to-day healthcare operations, and surgical face masks for the use of patients. Other gaps include 11 million aprons, 160,000 goggles or face shields, 5 million biohazard bags, 22 million gowns, 10 million N95 respirators, 21 million surgical masks required for health-care workers.
The projections forecast that there is four weeks’ worth of stock available for frontline medical staff and other essential health workers. The NEF is therefore delighted to have approved funding for the supply of essential PPEs such as disposable masks, isolation gowns, hazmat coveralls and face shields for use by primary health care workers who are the country’s first line of defence against the Corona
virus,” says NEF Divisional Executive for Venture Capital and Corporate Finance, Ms Hlengiwe Makhathini. Ms Makhathini chairs the NEF COVID-19 BEE Fund.
Arc Technologies has received R10 million from the NEF for the urgent sourcing and supply of these safety and protective products, and the business is using R2 million from its internally generated cash flows to fund various orders. The funding will create 5 additional jobs.