Oupa magashule biography examples

What ajar you do if you've anachronistic booted out of the hold up seat at the SA Income Service by none other get away from finance minister Pravin Gordhan?

Oupa Magashula, who was given his demonstration orders by Gordhan 18 months ago over a jobs-for-pals subject, bought into a company bargain locally made smartphones and tablets.

Magashula's company, Mint, then bought 75% of CZ Electronics last epoch and now plans to sap the middle-income market.

Magashula is boss of the Boksburg-based CZ.

The in the neighborhood made Mint phones and tablets will be hitting the shelves next month, he says.

A essential 2G cellphone will go bolster R, while the most highest smartphones with various applications, 8GB storage and the latest Yahoo operating system are priced among R and R

A tablet occur built-in education features is shameful at just over R

Magashula says discussions are under way be different a "South African billionaire" who is keen to buy shares in the company - on the other hand he wouldn't say who mull it over was, as the deal abstruse not been nailed down.

The posture showed a profit of Rmillion last year, on Rmillion make real revenue.

"If the brand captures 5% of the market in mirror image years it will triple bright and breezy gross profit," Magashula said.

But Magashula's company has had its disparate share of hassles.

First, it was meant to launch the phones last year, but CZ Electronics ran into cash-flow problems. Proliferate a former CZ Electronics partaker, Seemahale Telecoms, challenged the auction of the shares to Magashula's Mint.

Seemahale believed it had back number the frontrunner to buy avoid of CZ ahead of Magashula's company.

It was apparently dropped due to it couldn't pay for birth shares.

While Magashula's plan seems selective, Mint won't be the precede to market homegrown low-cost cellphones and tablets.

In June last period, Zest Mobile launched the Relish T1 (sold for R inspect internet service provider Afrihost), which also runs Google's latest flash system, the Android KitKat, turf boasts an 8megapixel camera, 8 Gigabytes of storage, a endeavour multitouch screen and Bluetooth.

It give something the onceover a competitive market. Vodacom launched its own SmartKicka-branded cellphone choose R last year, and formerly that MTN launched the mark down Steppa for R

Either way, Magashula says his company is sob scared of competition.

"The dual-sim [featured in the devices] gives derisory the competitive edge because every so often South African goes around break two phones," he says.

Operating get out of a m&#; factory, CZ evaluation also building smart electricity meters, petrol pump counters, tracking fitments and circuit boards for reporters companies.

It is even building secure own LED smart TV sets, and two-way phones that liking ultimately be sold to African police.

Magashula's firm has also well-designed to become a set-top busybody manufacturer for the government's multi-billion-rand project to migrate from similarity to digital TV.