TSiBA Entrepreneurs raking it in!

TSiBA mentored entrepreneurs are having a field day! After the news that Abus Hiring Services had won R15000, we heard today that Silulo Ulutho has won second place in the national SAB Kickstart competition. That's worth R150000 (yes, one hundred and fifty thousand rand). That brings total prize money won this year to R285000 by three different entrepreneurs, Silulo Ulutho, Aneliese Creations and Abus Hiring Services.

The SAB press release reads: Second prize of R150 000 went to the entrepreneurial brothers Lonwabo and Luvuyo Rani of Silulo Ulutho Technologies in Khayelitsha in Cape Town. Silulo Ulutho - which means “bringing value” - provides computer access, training, sales and repairs at seven centres and Internet cafes situated in in the underserviced markets of Khayelitsha and Gugulethu. The brothers – who see themselves as social entrepreneurs in terms of their impact on society, as well as businessmen, who do not lose focus on profit and return - currently employ a staff of 26 and train more than 340 students a month. They plan to franchise their operation around the country.

The full press release can be seen on http://www.sablimited.co.za/sablimited/view/sablimited/en/page62?oid=1611&sn=Detail