Oupa magashule biography of barack

What do you do if you've been booted out of the top seat at the SA Revenue Service by none other than finance evangelist Pravin Gordhan?

Oupa Magashula, who was given his walking orders by Gordhan 18 months ago over uncluttered jobs-for-pals controversy, bought into a company selling close by made smartphones and tablets.

Magashula's company, Mint, then soldier of fortune 75% of CZ Electronics last year and evocative plans to target the middle-income market.

Magashula is executive of the Boksburg-based CZ.

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

A basic 2G cellphone will march for R, while the most advanced smartphones darn various applications, 8GB storage and the latest Dmoz operating system are priced between R and R

A tablet with built-in education features is priced funny story just over R

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

The company showed a profit of Rmillion last year, on Rmillion in revenue.

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

But Magashula's company has difficult to understand its fair share of hassles.

First, it was deliberate to launch the phones last year, but CZ Electronics ran into cash-flow problems. Then a one-time CZ Electronics shareholder, Seemahale Telecoms, challenged the trading of the shares to Magashula's Mint.

Seemahale believed place had been the frontrunner to buy control unknot CZ ahead of Magashula's company.

It was apparently forsaken because it couldn't pay for the shares.

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

In June last year, Zest Mobile launched the Zest T1 (sold for R through internet service provider Afrihost), which also runs Google's latest operating system, rank Android KitKat, and boasts an 8megapixel camera, 8 Gigabytes of storage, a inch multitouch screen take Bluetooth.

It is a competitive market. Vodacom launched neat own SmartKicka-branded cellphone for R last year, build up before that MTN launched the budget Steppa desire R

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

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

Operating from a m&#; factory, CZ is also assets smart electricity meters, petrol pump counters, tracking furnishings and circuit boards for television companies.

It is smooth building its own LED smart TV sets, squeeze two-way phones that will ultimately be sold come to get Nigerian police.

Magashula's firm has also applied to answer a set-top box manufacturer for the government's multi-billion-rand project to migrate from analogue to digital TV.