Cape Town – A leading online tax firm has joined forces with an entrepreneur, Luvuyo Rani, who started his IT business from the boot of his car.
Black-owned tax and advisory firm SMTAX is teaming up with fast-growing technology and IT company Silulo Ulutho Technologies.
SMTAX will provide Silulo Ulutho Technologies with an e-commerce business platform that will afford Silulo clients the opportunity to access business-related services efficiently and affordably. These services include new company registrations, tax clearance certificates, BEE certificates, submission of tax returns, financial statements, management of accounts and other amenities.
"This means a great deal to us," Rani, founder of Silulo Ulutho Technologies, told Fin24. "Since this is not our area of expertise, it allows us to leverage the market in that it helps our customers get access to these services at a cheaper and affordable rate," he said.
"In a world that is changing faster than ever, you need to leverage technology to increase efficiency and this merger does exactly that."
Buchule Sibaca, CEO of SMTAX, said the partnership empowers people through innovative online business solutions, thereby increasing the financial inclusion of previously disadvantaged Africans.
"Our goal at SMTAX is to make starting and running a business as seamless as possible, and to better connect our clients with the right financial information anytime, anywhere and from any device."
SMTAX, raking in a valuation of R26m, was founded by Sibaca, who is passionate about empowering black businesses.
Rani is an award-winning entrepreneur who recently restructured his business into a franchise and mobile repair services.
In the last decade he trained 25 000 students in end-user computing, turned some of his staff members into entrepreneurs and created full-time jobs for his 185 staff members in 40 branches in the Western and Eastern Cape.
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