Luvuyo Rani - Silulo Ulutho Technologies Case Study & Develop An Analysison Partnerships or Private Companies - IT Assignment Help

Assignment Task

Question 1 
Read the case study below about Luvuyo Rani - Silulo Ulutho Technologies and answer the following question

Case study
Luvuyo Rani - Silulo Ulutho Technologies
The eldest of four boys, LUVUYO RANI (41) was born in the Eastern Cape and educated at KwaKomani High School in Queenstown. After a short career in teaching, he went into business with his brother to create Silulo Ulutho Technologies, a company servicing the burgeoning internet needs oftownship communities. From humble beginnings, the business has grown exponentially, garneringLuvuyo numerous local and international awards. In 2014, he was named one of the Top 10Outstanding Young Persons of the World by the prestigious NGO Junior Chamber International, andrecently picked up a coveted award for social entrepreneurship from the World Economic Forum.Luvuyo, who lives with his wife Zanele in Cape Town, tells BRONWEN BOWMER his story…‘Business is exciting,’ says internet whizz Luvuyo, who worked his way out of poverty.’My father worked as a nurse, but his passion was rugby. He was one of the best, people said. Muchto his dismay, I was much more into Latin American dancing. My mother was a domestic worker whoalso ran a shebeen from our sitting room. I now realise my journey of entrepreneurship began withher. More than anything, I learnt resilience. We came from poverty, but our foundation was strong,so we were able to survive. I was a good boy, disciplined and well dressed. As the first-born, I wasinvolved with family affairs and soon realised that I could combat poverty through education. So, in1994 I passed grade 12 very well, with a university exemption.

My father did not have much but gave me R500 for my bus ticket to go and study in Cape Town. Iwanted to study political science, but the University of the Western Cape was so busy with proteststhat I could not get into that department. Instead, I completed a bridging course in commerce,accounting and economics at Cape Tech that led to a BTech in Education. My teachers saw I wassmart and offered me assistant jobs that helped pay for my studies. This was incredibly helpful asmy father tragically died in an accident around this time. I studied by day and worked at night,including a job at the V&A Waterfront providing information. I had to wear this long shirt, shorts andtakkies [sports shoes], and girls used to come up and laugh at me!‘the bug had bitten’

Not long after graduating, I applied for a teaching post in Khayelitsha township and went there toteach accounting, business economics and entrepreneurship. I taught for three years and it was oneof the best times of my life. Then a cousin of mine started selling vetkoek [fried buns] outside theschool gates and at break time, I would go and help her. I got into trouble with the principal, but theentrepreneurial bug had bitten. After work, my youngest brother Lonwabo and I had long discussionsabout what we could do to make more money. We considered all sorts of options, from townshiptours to phone services and even sold diapers at one stage, but our stock was stolen so we gavethat up.

In 2004, I resigned as a teacher to sell refurbished computers with Lonwabo. He had a paid job fixingphones, so he borrowed R10 000 from the bank and bought four refurbished computers. We soldthese out of the boot of my Corsa Lite to Khayelitsha teachers who needed them for the admingenerated by the new outcome-based education. People thought I was crazy to quit my job, but wepersisted, getting groups of six teachers together in stokvels [savings clubs] to buy a computer amonth. Our profit was R400 per computer. But it cost us to have the computers repaired or serviced,so we invited our friend Sigqibo Phangabantu to take care of that side of things.

The name of our company, Silulo, comes from the first syllables of each of our three names. Soonwe saw the computers standing unused in the teachers’ homes! We realised that if the teacherscame to us, we could teach them to use them. In 2006 we opened an internet café, convincing atenant at Khayelitsha Mall to rent out part of his phone shop to us. Our supplier loaned us 10computers and we planned to repay R10 000 monthly until we had paid off the computers. The firstmonth, we made R250 and our expenses were R12 000! Our cheques were bouncing, and peoplewere angry with us, but we knew this was a great opportunity and refused to give up. People werecoming into the shop, asking for assistance with their CVs and other simplecomputer issues: in thosedays, many did not know the difference between fax and email. 

Task

•  Using examples from the case study, Explain the five entrepreneurialcharacteristics that Luvuyo Rani exhibited that assisted him to be successful in hisbusiness. 
• The operation of Silulo Ulutho Technologies is a partnership that also functions asa franchise. Considering the variety of business set-ups that exist Develop an analysison Partnerships and Private Companies and guide Luvuyo and his partners which isthe better option. 
• Identify and describe the economic system in within which Silulo UluthoTechnologies operates. 

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