What an achievement! Man, 21, owns luxury watch business and employs 15 people

What an achievement! Man, 21, owns luxury watch business and employs 15 people

- Sakhile Maseko moved from Swaziland to Joburg to pursue a degree in engineering after he was awarded a bursary

- However, things did not work out as he planned and he had to take extraordinary measures to make a success of himself

- So, he founded a business which accumulates almost half a million rand a month

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Maseko excelled in high school and his excellent matric results landed him a bursary to study engineering at Wits.

However, after he moved to Johannesburg, the bursary fell through and he was left with no job or education.

The 21-year-old decided not to let the set back determine his life and today he owns a profitable luxury watch business.

Maseko sold his guitar and smartphone for R3k, which he used as seed money to start up Aumax, an affordable luxury watch company.

He was also allowed to use Wits' library for a few months and his friends would let him shower at their place.

The young entrepreneur did not let his fate get him down. Maseko said he saw it as an opportunity to succeed.

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What an achievement! Man, 21, owns luxury watch business and employs 15 people

Sakhile Maseko founded a luxury watch company. Photo credit: Business Insider South Africa

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Maseko did a lot of market research and Briefly.co.za learned he sourced for watches online, with his suppliers mainly in China.

He would then take the watch to the client to try on before he or she purchases it.

Although this was not originally his dream, Maseko managed to turn Aumaz into a profitable business which employs 15 people and racks up almost R500k a month from sales.

He even sold shares of his company to Silvertree Internet Holdings, whose brands include Faithful to Nature, Ucook, and PriceCheck, BusinessLIVE reported.

The new shareholder would help Maseko broaden his horizon and teach him the fundamentals such as growing a business and auditing.

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Source: Briefly.co.za

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