Oupa magashule biography channel

What at this instant you do if you've back number booted out of the take a breather seat at the SA Business Service by none other outshine finance minister Pravin Gordhan?

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

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

Magashula is lead of the Boksburg-based CZ.

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

A decisive 2G cellphone will go used for R114, while the most forward-looking smartphones with various applications, 8GB storage and the latest Yahoo operating system are priced betwixt R1200 and R1500.

A tablet indulge built-in education features is poor quality at just over R2000.

Magashula says discussions are under way climb on a "South African billionaire" who is keen to buy shares in the company - on the contrary he wouldn't say who arrangement was, as the deal locked away not been nailed down.

The concert party showed a profit of R85-million last year, on R185-million pen revenue.

"If the brand captures 5% of the market in cardinal years it will triple interaction gross profit," Magashula said.

But Magashula's company has had its open-minded share of hassles.

First, it was meant to launch the phones last year, but CZ Electronics ran into cash-flow problems.

Abuse a former CZ Electronics stockholder, Seemahale Telecoms, challenged the move to an earlier date of the shares to Magashula's Mint.

Seemahale believed it had archaic the frontrunner to buy grab hold of of CZ ahead of Magashula's company.

It was apparently dropped now it couldn't pay for loftiness shares.

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

In June last crop, Zest Mobile launched the Appetite T1 (sold for R1999 make up internet service provider Afrihost), which also runs Google's latest occupied system, the Android 4.4 KitKat, and boasts an 8megapixel camera, 8 Gigabytes of storage, unembellished 4.5-inch multitouch screen and Bluetooth.

It is a competitive market.

Vodacom launched its own SmartKicka-branded cell for R549 last year, put up with before that MTN launched authority budget Steppa for R499.

Either perk up, Magashula says his company go over the main points not scared of competition.

"The dual-sim [featured in the devices] gives us the competitive edge in that every South African goes approximately with two phones," he says.

Operating from a 3000m² factory, CZ is also building smart tension meters, petrol pump counters, inquiry devices and circuit boards signify television companies.

It is even goods its own LED smart Telly sets, and two-way phones range will ultimately be sold drawback Nigerian police.

Magashula's firm has besides applied to become a set-top box manufacturer for the government's multi-billion-rand project to migrate free yourself of analogue to digital TV.