If the aim of an incubation programme is to grow a business, then Riversands Incubation Hub deserves acknowledgement for the support provided to Moloi & Co Accountants – one of the first businesses on the campus when it opened in 2014 – because it grew substantially in the four years it was on the campus.
Originally from Diepsloot, entrepreneur accountant Bigbrain Moloi took full advantage of the formal premises, which represented a significant upgrade from his previous office in the township. Clients immediately realised that it was easy to visit the new office and as occupation on the campus increased, so too did Moloi & Co. Accountants’ client base, with many SMEs choosing the company to take care of their accounting and tax requirements.
Moloi & Co. Accountants’ customer base in nearby Diepsloot has also grown and the entrepreneur cites the convenience of having access to meeting rooms as something he will miss in his new office in Bryanston although the Riversands Incubation Hub team has undertaken to allow him to continue using the meeting rooms to ensure continued growth in the business. The business now has four employees, all trained by Moloi – a former security guard and then teacher who studied BCom accounting part time while guarding at night.
Once qualified, he set about building the business from the ground up part-time before taking the step into full time entrepreneurship in 2013. He started his accounting practice while teaching evening classes at an ABET centre.
This desire to impart knowledge has benefitted his team because Moloi has been generous with his training. Thanks to his guidance and support, his team members are all proficient in dealing with the full range of financial
statements, VAT returns, UIF registration and company secretarial services, freeing up Moloi to meet clients and sustainably build the business.
Looking ahead, Moloi affirms that the Riversands Incubation Hub team has treated him extremely fairly, extending his lease on more commercial terms at the end of three years on the incubation programme and offering a number of months’ extension on his lease while he sought new office space suited to his budget and his team’s transport needs.