ENTREPRENEURS: Meet Zakhe Khuzwayo and DJ Kumbula, founders of the ‘Avis of IT equipment’
A technology leasing firm, the brainchild of two young entrepreneurs, now employs 200 people and has a turnover in excess of R150m
Sixteen years ago, two chartered accountants saw the gap to start a specialist IT leasing company. There were no dedicated technology rental companies in SA at the time, and Zakhe Khuzwayo and DJ Kumbula started InnoVent with a desk and a phone. The business now has annual revenue in excess of R150m and has shown 25% annual growth over the past five years.
"We’re the Avis of IT equipment," says Khuzwayo of the business the two started after leaving work at a company that leased everything from construction equipment to vehicles and movable items. They wanted to start their own business, looked at a few options and identified this gap...