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Customer Success Stories

Altron FinTech | Sakhumzi

Sakhumzi Maqubela | CEO and Founder of Sakhumzi restaurant and entrepreneur

I thought starting a business would be easy. Before proper financial systems, I thought there must be a better way to do business, there must be a better way to run our stokvels. It was tough to manage that. I needed a system or technology to help me. I was fortunate to be in contact with Maedi Lesiba from Altron FinTech.” 

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About Sakhumzi Restaurant

In the famous Vilakazi Street in Soweto, home to two Nobel Peace Prize winners, Sakhumzi Restaurant has become more than just a dining destination. Since 2001, founder Sakhumzi Maqubela has built a business empire spanning restaurants, Safana Panelbeaters, Ubumbano Towing, Astron Energy on Pela, and the Sakhumzi Training Academy.

We started with 4 employees and we now employee over 250 people, with more than 1000 jobs created along Vilikazi Street as other businesses followed Sakhumzi's lead. But scaling this vision required more than passion—it required technology that could handle complex payroll, financial inclusion for unbanked workers, digitised stockvel management, and efficient stock control across multiple businesses.

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Without these systems, scaling the business whilst maintaining the ubuntu values of community care and financial inclusion seemed impossible for Sakhumzi.

The business challenge

Managing growth whilst ensuring financial inclusion for all workers

 

Managing stokvels (traditional South African savings groups) manually created administrative headaches, whilst coordinating stock management and debt collection across diverse operations became increasingly challenging for Sakhumzi.

The business needed integrated financial technology that could:

  • Enable digital wage payments for previously unbanked workers
  • Streamline payroll across 250+ employees in multiple businesses
  • Digitise traditional stokvel savings with transparency and accountability
  • Improve stock management and cash flow visibility
  • Support debt collection whilst maintaining customer relationships 

‘Working with entrepreneurs like Sakhumzi brings trust and courage to the partnership, you're working with someone that brings ideas, innovation and change to their community which is what we want to achieve as a FinTech.’

Maedi Lesiba | Business Development Manager, Altron FinTech

 

The solution

Altron FinTech's integrated payment ecosystem: From wages to stokvels

  • NewCard for financial inclusion: Digital payment cards enabled previously unbanked panel beaters and informal workers to receive wages securely and build financial identities, replacing cash payments with digital transactions
  • Streamlined payroll management: Integrated systems simplified wage payments across 250+ employees in multiple businesses
  • Stokvel app pilot: The digital stokvel platform brought transparency and efficiency to traditional community savings
  • DebiCheck for collections: Automated, secure debit order collections improved cash flow predictability whilst maintaining positive customer relationships.
  • Stock management integration: Connected systems across restaurants, retail, and service businesses provided real-time visibility of operations.

 

 

Altron FinTech's integrated payment solutions helped Sakhumzi scale from 4 to 250+ employees whilst maintaining financial inclusion and ubuntu values.

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The impact

Technology enabling ubuntu: When better systems create better communities

The partnership demonstrates how locally-understood financial technology doesn't just process transactions—it enables the ubuntu philosophy of "when I rise, we all rise."

For workers: Previously excluded employees now have digital payment access, building financial identities and accessing the formal economy for the first time. Panel beaters who couldn't get bank accounts now receive wages with dignity through NewCard technology.

For the business: From 4 employees in 2001 to 250+ today, with streamlined payroll, efficient stockvel management, and integrated operations across restaurants, automotive services, fuel retail, and training—all managed through Altron FinTech's connected systems.

For the community: More than 1 000 jobs created along Vilakazi Street as Sakhumzi's success inspired 10+ restaurants and numerous craft businesses to open, transforming the area into a thriving tourist and cultural destination.

For financial inclusion: The Sakhumzi Training Academy now equips unemployed youth with skills and work opportunities, with many trainees receiving their first formal wages through Altron FinTech's systems.

 

‘When I go to sleep, I feel proud. I feel really excited that I’m making a difference in my community. When we started, we had 4 people, now we have more than 250 people.’

Maedi Lesiba | Business Development Manager, Altron FinTech 

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