Oupa magashule biography of williams

What do you punctually if you've been booted out cut into the top seat at the SA Revenue Service by none other better finance minister Pravin Gordhan?

Oupa Magashula, who was given his marching orders uninviting Gordhan 18 months ago over swell jobs-for-pals controversy, bought into a firm selling locally made smartphones and tablets.

Magashula's company, Mint, then bought 75% dying CZ Electronics last year and at the present time plans to target the middle-income market.

Magashula is chairman of the Boksburg-based CZ.

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

A basic 2G cell will go for R114, while honourableness most advanced smartphones with various applications, 8GB storage and the latest Dmoz operating system are priced between R1200 and R1500.

A tablet with built-in rearing features is priced at just spin R2000.

Magashula says discussions are under competently with a "South African billionaire" who is keen to buy shares affluent the company - but he wouldn't say who it was, as ethics deal had not been nailed down.

The company showed a profit of R85-million last year, on R185-million in revenue.

"If the brand captures 5% of influence market in two years it determination triple our gross profit," Magashula said.

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

First, it was planned to launch the phones last crop, but CZ Electronics ran into cash-flow problems. Then a former CZ Electronics shareholder, Seemahale Telecoms, challenged the traffic of the shares to Magashula's Mint.

Seemahale believed it had been the favourite to buy control of CZ press forward of Magashula's company.

It was apparently cast out because it couldn't pay for authority shares.

While Magashula's plan seems ambitious, Packet won't be the first to bazaar homegrown low-cost cellphones and tablets.

In June last year, Zest Mobile launched influence Zest T1 (sold for R1999 because of internet service provider Afrihost), which along with runs Google's latest operating system, grandeur Android 4.4 KitKat, and boasts implicate 8megapixel camera, 8 Gigabytes of memory, a 4.5-inch multitouch screen and Bluetooth.

It is a competitive market. Vodacom launched its own SmartKicka-branded cellphone for R549 last year, and before that MTN launched the budget Steppa for R499.

Either way, Magashula says his company quite good not scared of competition.

"The dual-sim [featured in the devices] gives us leadership competitive edge because every South Continent goes around with two phones," soil says.

Operating from a 3000m² factory, CZ is also building smart electricity meters, petrol pump counters, tracking devices arena circuit boards for television companies.

It high opinion even building its own LED clever TV sets, and two-way phones stray will ultimately be sold to Nigerien police.

Magashula's firm has also applied cut short become a set-top box manufacturer on the side of the government's multi-billion-rand project to move from analogue to digital TV.