Luvuyo Rani For Luvuyo Rani, founder of Silulo Ulutho Technologies , turning his home grown IT business into a franchise was a dream for the foreseeable future. Little did he know that after partnering with the Standard Bank Franchising Incubator his dream would be realised sooner than he thought, with 200 stores expected to be up and running by 2024. “Before creating the franchise, we had grown from a single store in Khayelitsha, a township in Cape Town, in 2004 to 36 branches in the rest of the Western Cape and Eastern Cape by 2015” says Rani. “That’s no small achievement, but it had taken an enormous amount of painstaking work because at the time, we were functioning as managers of people rather than entrepreneurs.” According to Ethel Nyembe, Head of Small Enterprises at Standard Bank, the owner-manager commitment of a franchisee automatically works in the business owner’s favour, as it allows owners to facilitate and accelerate growth. She adds that franchisees want to...