Zakhele Investments, a company that specialises in property development and offers construction services, is making a mark in the market, consistently building a portfolio of projects, mainly in the residential sector. Themba Buthelezi, the company’s owner and managing director, tells Transform SA Online how the company is managing this feat in a sluggish economy.
TSAO: We gather that Zakhele Investments is going places. What is Zakhele Investments’ specialty?
Themba Buthelezi: Zakhele Investments’ forte is property development Company and construction services, with a scope of making inroads into other sectors. But thus far that’s what we do.
TSAO: What major projects have you done recently?
Themba Buthelezi: We do not take things for granted. We have been fortunate to have a good start, relative to current conditions in the property market.
We developed 24 Units in Kempton Park as one of our first major projects. Right now we are planning to develop 84 Units. We aim to embark on more projects, as and when conditions are feasible.
TSA: A project development 24 units requires substantial finance. Did you source the finance from a lending institution? Or were you commissioned or you used your own funds?
Themba Buthelezi: I partially used some of my funds, committing R400 000 and took equity to get the project started. I could not let the project just become an idea that won’t be turned into fruition. I was funded by a government-sponsored, Gauteng Publishing Fund.
TSAO: How did you get involved in property?
Themba Buthelezi: Well, I can say that construction is in my blood. I come from a family has always been passionate about property.
After matriculating I wanted to go straight into property, but my mother advised me to go university. Notwithstanding the challenges I did face, I had to pursue my dreams. And now here I am. I don’t regret the least bit.
TSAO: what are some of the challenges you face with having a government funder?
Themba Buthelezi: I must commend government funders. From my experience, I have faced no challenge.
As long as you provide them with a business plan and proper documentation, they are willing to act in accordance with you, and yes guide you into the right direction.
TSA: What are your thoughts on transformation?
Themba Buthelezi: I can take a long time to describe my feelings on transformation, an area in which I am very passionate about. Basically, it is about giving access to economic opportunities to people who were systematically marginalised during apartheid. Simply put, it is about equipping Historically Disadvantaged Individuals and giving them exposure to opportunities.
TSA: Is Transformation still relevant twenty two years into the country’s democracy?
Themba Buthelezi: Yes definitely. Even though, it is 22 years into the country’s democracy, challenges still persist everywhere, whether in education, working environment or even financially. The current economic problems, mainly high unemployment amongst black youth, are symptomatic of that.
TSA: Do you have any background in the construction sector?
Themba Buthelezi: I used to work for a small construction company where I gained experience, but my goal was to be self-employed. So, I believe I am realising my dream.
TSAO: What is that one thing that you have done and you wish you could approach it differently?
Themba Buthelezi: I used to have a dishonest partner, which resulted in losing out on a deal after investing a lot of resources. With the benefit of hindsight, I should have managed the deal better. I was naive to easily trust someone, something which should not be done in business when it comes to money.
I regard this as a valuable learning experience. Now, I conduct a thorough assessment of potential business associates before committing myself.
TSAO: where do you see yourself in the next ten years?
Themba Buthelezi: In the next ten years, I want to continue my property development projects like the one of 84 units; start renting out units, go into selling and, possibly, compete with the big guns.
TSAO: Could you say you are now ready to stand on your own?
Themba Buthelezi: I am not yet ready. Only when I eventually go into selling that’s when I will be able to go solo.
TSAO: Who is your biggest influence in the business world?
Themba Buthelezi: My parents have had a great influence in my approach to life, which reflects itself in my approach to business. They instilled in my discipline in everything I do. I have channeled this spirit in my business matters.
TSA: Do you ever time to unwind? It seems it’s all work, work, work for you?
Themba Buthelezi: I like to read a good book and sometimes play some PlayStation football games. I treasure spending time with my family. A nice peaceful weekend with family and friends is all I need.
Themba does not reply to calls.