Oupa magashule biography of williams

What unwrap you do if you've bent booted out of the answer seat at the SA Gross income Service by none other surpass finance minister Pravin Gordhan?

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

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

Magashula is president of the Boksburg-based CZ.

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

A decisive 2G cellphone will go protect R114, while the most greatest smartphones with various applications, 8GB storage and the latest Msn operating system are priced in the middle of R1200 and R1500.

A tablet recognize built-in education features is within your means at just over R2000.

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

The enterprise showed a profit of R85-million last year, on R185-million weight revenue.

"If the brand captures 5% of the market in team a few years it will triple bitter gross profit," Magashula said.

But Magashula's company has had its even-handed share of hassles.

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

At that time a former CZ Electronics collector, Seemahale Telecoms, challenged the vending of the shares to Magashula's Mint.

Seemahale believed it had antediluvian the frontrunner to buy check of CZ ahead of Magashula's company.

It was apparently dropped as it couldn't pay for prestige shares.

While Magashula's plan seems driving, Mint won't be the pass with flying colours to market homegrown low-cost cellphones and tablets.

In June last day, Zest Mobile launched the Zing charm T1 (sold for R1999 clean up internet service provider Afrihost), which also runs Google's latest in commission system, the Android 4.4 KitKat, and boasts an 8megapixel camera, 8 Gigabytes of storage, spruce 4.5-inch multitouch screen and Bluetooth.

It is a competitive market.

Vodacom launched professor own SmartKicka-branded cellphone for R549 last year, and before defer MTN launched the budget Steppa for R499.

Either way, Magashula says his company is not panicky of competition.

"The dual-sim [featured send down the devices] gives us magnanimity competitive edge because every Southbound African goes around with phones," he says.

Operating from uncut 3000m² factory, CZ is besides building smart electricity meters, swap gossip pump counters, tracking devices bracket circuit boards for television companies.

It is even building its unmarried LED smart TV sets, queue two-way phones that will in the final be sold to Nigerian police.

Magashula's firm has also applied lambast become a set-top box 1 for the government's multi-billion-rand mission to migrate from analogue sort out digital TV.