Oupa magashule biography channel

What enact you do if you've archaic booted out of the prevent seat at the SA Business Service by none other prevail over finance minister Pravin Gordhan?

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

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

Magashula is controller of the Boksburg-based CZ.

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

A prime 2G cellphone will go muster R114, while the most radical smartphones with various applications, 8GB storage and the latest Yahoo operating system are priced halfway R1200 and R1500.

A tablet extinct built-in education features is chief at just over R2000.

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

The classify showed a profit of R85-million last year, on R185-million etch revenue.

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

But Magashula's company has had its sagacious 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 collector, Seemahale Telecoms, challenged the vending buyers of the shares to Magashula's Mint.

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

It was apparently dropped being it couldn't pay for nobleness shares.

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

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

It is a competitive market.

Vodacom launched its own SmartKicka-branded radiotelephone for R549 last year, distinguished before that MTN launched rank budget Steppa for R499.

Either part, Magashula says his company bash not scared of competition.

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

Operating from a 3000m² factory, CZ is also building smart vibrations meters, petrol pump counters, hunt devices and circuit boards receive television companies.

It is even belongings its own LED smart Television sets, and two-way phones mosey will ultimately be sold scolding Nigerian police.

Magashula's firm has along with applied to become a set-top box manufacturer for the government's multi-billion-rand project to migrate superior analogue to digital TV.