Top tax and IT firms join forces

2017-03-30 06:02
Buchule Sibaca, CEO of SMTAX, left and Luvuyo Rani, right.

Buchule Sibaca, CEO of SMTAX, left and Luvuyo Rani, right.

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SMTAX, a leading online tax firm has joined forces with entrepreneur Luvuyo Rani of Silulo Technologies to offer the latter’s clients the opportunity to access affordable and efficient business-related services.

Former school teacher Rani is well-known as the businessman who started his IT business from the boot of his car.

Silulo has to date won various awards, locally and internationally.

SMTAX will provide Silulo Ulutho Technologies with an e-commerce business platform that will enable Silulo clients access to business-related services.

These services include new company registrations, tax clearance certificates, BEE certificates, submission of tax returns, financial statements and management of accounts.

Speaking to Fin24, Rani said: “This means a great deal to us,”.

“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 recently restructured his business into a franchise and mobile repair services.

In the last decade alone, he has 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.- FIN24

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