ANDILE KHUMALO: In business, big and small go together
Big business’s ability to work with smaller businesses will be a key lever in transforming our economy
On a recent trip to Cape Town I honoured an invite from a young entrepreneur, Velani Mboweni, who wanted to present his business to me in pursuit of potential investment. Founded in 2016, LÜLA was created to combat the problem of traffic congestion in SA, the high costs of owning a car and unreliable public transport infrastructure. It's an app that connects corporate commuters to private shuttles and since its inception, LÜLA has managed to raise more than R3.7m from local and international investors, securing nine local corporate companies as clients. Last week LÜLA launched a crowdfunding campaign, which I duly participated in, seeking to raise more capital in order to now take the application to market. I must confess, I love the business, really admire its model, but most of all I'm really impressed with Velani's resilience and hunger to succeed. But it was something I didn't know before the meeting that caught my attention about LÜLA and its co-founder — the start-up accelerat...
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