Case Study

Transforming Asset Management for Nkangala TVET College

Case Study


Synergy Evolution, a leading asset management company specializing in innovative solutions, successfully collaborated with Nkangala TVET College (NKTVC), situated locally. 

The project, spanning four months, not only involved the implementation of an Asset Management System but also included critical tasks such as physical verification, reconciliation of the Fixed Asset Register (FAR), and ongoing support and maintenance services.

Project Overview

  • Client: Nkangala TVET College (NKTVC)
  • Execution Level: Local
  • Contact Persons: Vusi Marilele (, Queen Maluleke (
  • Duration: 4 Months (Including Annual System Subscription)
  • Description of Work: Fixed Asset Management and Related Tasks
  • Project Details: The project’s primary focus was on Fixed Asset Management and Accounting Services, catering to NKTVC’s extensive asset base of 15,000 items. The comprehensive scope included the physical verification and reconciliation of the Fixed Asset Register. Additionally, our team successfully implemented an Asset Management System, enhancing efficiency and accuracy in asset tracking.
  • Value of Contract: The contract, valued at 1,955,000.00 ZAR, encompassed a holistic approach to asset management, ensuring NKTVC’s needs were met with precision and excellence.


Our team worked closely with Vusi Marilele and Queen Maluleke throughout the implementation phase. 

Challenges were met with strategic solutions, fostering a collaborative environment that streamlined the integration of the Asset Management System. 

The dedication to providing end-to-end services, including support and maintenance, ensured a seamless experience for NKTVC.

Results and Impact

The project’s success was exemplified by the achievement of an unqualified audit opinion. 

The meticulous physical verification and reconciliation process, coupled with the implementation of the Asset Management System, contributed to enhanced accuracy, compliance, and overall asset management efficiency for NKTVC.

Lessons Learned and Recommendations

Reflecting on the project, valuable lessons were learned, contributing to the continuous improvement of our services. 

Recommendations for similar projects include a strong emphasis on collaboration, proactive issue resolution, and a commitment to ongoing support.


The collaboration with Nkangala TVET College exemplifies Synergy Evolution’s commitment to delivering tailored asset management solutions. 

The successful execution of the project not only met but exceeded expectations, resulting in an unqualified audit opinion for NKTVC. 

This case study stands as a testament to the transformative power of innovative asset management services we provide as Synergy Evolution.

Scroll to Top

Contact Us

⚠️ Scammer Alert ⚠️

We’ve been alerted to fraudulent job offers being circulated via WhatsApp, Telegram, and email by individuals falsely claiming to represent  Synergy Evolution.

These offers typically involve part-time online jobs, including watching YouTube videos for payment, and may ask for personal information.

Please be aware:

  • Synergy does not offer such jobs.
  • We never request personal information or payment for job applications in this manner.
  • All legitimate job openings are posted exclusively on our official website and through verified channels.

If you’ve received any suspicious messages:

  1. Do not engage or provide any personal details.
  2. Block and report the sender through the respective platform.
  3. Contact us directly if you have any questions or concerns regarding job offers.

Your security is our top priority. Thank you for your vigilance and for being a valued member of our community.

Synergy Evolution Team