From high school dropout to high-flying property and business tycoon

From high school dropout to high-flying property and business tycoon

When Vukile Manzi dropped out of school, many would have been quick to write off his chances of success. Six years later and the entrepreneur has built an impressive business empire.

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Manzi has achieved great success through the construction industry.

He founded Vuka-Darkie Capital Group, a property development group with a network across South Africa and countries on our border.

Manzi was inspired to start the company following a failed bond application for a property he was interested in.

Briefly.co.za gathered the issue to be a lack of a credit history as he mostly used cash for his purchasing transactions.

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The young entrepreneur quit school during 2012 while in matric due to finances.

The Johannesburg-based firm differs from other development groups due to their unique offering.

Manzi explained that they source land for their clientele, design and build the property.

The client then pays for the property via monthly instalments.

However, instead of having a mortgage loan of 20 years, their costs can be settled within 9 years.

Manzi said, “Most people are paying up to three times more for their bonded houses. I’m here to change that.”

IOL also reported that the 25-year-old is the chief executive of ZMTN as well. The company offers a television streaming service throughout Africa.

Furthermore, he is a board chairperson of African Child Industries as well.

His first glimpse into the property world came as he worked at Fountain Civil Engineering as a site clerk.

Manzi eventually got promoted to the finance department but resigned in 2013. He then worked as a waiter and barman in Durban.

The entrepreneur is passionate about Africa and says, “I want to build houses for the people of Africa because most property developers choose to focus on big projects such as building malls than building houses for the upper and middle-income classes.”

He eventually hopes to break into the European and American markets within the next 5 to 10 years.

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Source: Briefly.co.za

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