logo
SA tech firm aims to create jobs for youth

SA tech firm aims to create jobs for youth

News2405-06-2025
The Johannesburg-based tech company's factory in the Free State is expected to create 5 000 jobs by 2027.
It designs and produces smartphones such as the Orion Pro, using local skills and materials.
Enexi is also launching youth training programmes to equip young people with tech skills.
In a global tech economy dominated by imports and Silicon Valley brands, a proudly South African company is quietly reshaping the game and thousands of jobs along with it.
Enexi Solutions, a smart technology manufacturer based in Bryanston in Johannesburg, is positioning itself as a trailblazer in Africa's tech manufacturing sector.
Led by founder Richard Shokane and managing director Lebohang Mopeli, Enexi designs and produces smartphones and digital devices with one clear goal, to shift Africa from being just a tech consumer to becoming a tech producer.
Supplied
Now, the company is taking a major leap, it is building a state-of-the-art laptop bag manufacturing plant in Mangaung in the Free State, with a long-term vision to expand into full device assembly and production. And with it, they plan to create more than 5 000 new jobs by 2027. Shokane said at least 1 000 people would be employed in the first phase of construction.
You can't sell a laptop without a bag. So, why import it when we can make it here, create jobs and build our ecosystem?
Richard Shokane
Born in Bushbuckridge, built for the continent
Mahlatsi Moleya
Richard Shokane (44), was born in Bushbuckridge, Mpumalanga. His journey to building a tech company spanned both academic and corporate milestones across the globe. After earning a Bachelor of Science degree and later a Master's in Mathematics from Wits University, he taught maths in Saudi Arabia and at New York University in Dubai, where he inspired a generation of students to pursue careers in science, technology, engineering and mathematics.
In 2019, he joined Foxconn in Guangzhou, one of China's largest electronics manufacturers in the world, which works in hardware quality control. There, he gained a specific understanding of global supply chains, manufacturing efficiency and how to scale production with precision. Rather than stay abroad, he returned to SA with a bigger purpose – to build something rooted in African soil, which could rival the world's best.
'I've seen how the world builds tech,' says Shokane. 'Now we're doing it our way from the ground up.'
Today, Enexi has operational branches in SA, Botswana, Zambia and Eswatini, with regional teams proud to be part of a homegrown African tech brand.
We're not just making devices. We're building a movement.
Lebogang Mopeli, Enexi managing director
Africa has all the minerals it needs to make world-class tech. But we've never used them to their full potential. We want to change that – by turning our resources into real products, built by our people.
Richard Shokane
Shokane's vision is in motion. Enexi has established active branches in four countries, with each market embracing the idea of a truly African-made tech brand.
'We've seen the excitement,' says Mopeli. 'People want to own something that reflects their identity. Enexi isn't just about devices, it's about dignity.'
Real devices, real specs
Supplied
Take the Orion Pro, Enexi's latest smartphone. It runs on Android 15, with 8GB of RAM, a 50MP rear camera, a 16MP front camera and a powerful 6000mAh battery. Unlike many global brands, the Orion Pro is built with African users in mind – it is tough, reliable and backed by a three-year warranty.
Most people chase specs that sound good on paper; we build phones that work for real people and last.
Richard Shokane
But, for Enexi, the hardware is only one piece of the puzzle. The deeper aim is to develop skills, empower the youth and create long-term employment in SA and across the continent.
Lerato Mazibuko's story | Why it matters
For 21-year-old Lerato Mazibuko, who recently learnt about Enexi through a local community programme in the Free State, the announcement couldn't have come at a better time.
'I've always been curious about tech,' Mazibuko says. 'But I never thought I could be part of it. Now it feels possible and close to home.'
Enexi is planning training and skills development programmes that will teach young people such as Mazibuko to build, repair and maintain tech devices, preparing them for the global digital economy without needing to leave their communities.
Business that builds
Mahlatsi Moleya
In a category where global brands such as Tecno, Xiaomi and Samsung dominate, the Orion Pro holds its own:
Compared with the Tecno Spark 10, which has similar RAM and camera specs, the Orion Pro is cheaper and comes with a longer warranty.
While the Samsung Galaxy A04S sells for about R2 999 and offers a similar battery size, it lacks some of the local repair and support options that Enexi provides.
Unlike other entry-level phones, the Orion Pro is backed by local manufacturing and jobs, meaning each purchase contributes to SA's economy.
As construction plans kick off in Mangaung, Enexi is not waiting for Silicon Valley to open doors. It's building its own gadgets and it's doing it right here, on African soil.
The Orion Pro is priced at R1 500 and available at www.enexi.co.za.
Shokane believes that private companies, not government alone, are the real engines of job creation. But for companies such as Enexi to succeed, they need policy support and access to funding.
We don't need to wait for Silicon Valley to give us anything. We've got the people, the minerals and the idea; we just need to back ourselves.
With the Free State facility breaking ground soon and an ambitious growth strategy under way, Enexi is proving that Africa's tech future doesn't have to be imported; it can be built from scratch, right here. And it's already happening.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

How Many Jobs Does The Economy Really Need?
How Many Jobs Does The Economy Really Need?

Yahoo

time6 hours ago

  • Yahoo

How Many Jobs Does The Economy Really Need?

Key Takeaways The U.S. economy needs to add 10,000 to 40,000 jobs per month to maintain the current unemployment rate, according to recent estimates. That "breakeven" job creation rate is far less than the 73,000 jobs added in July. As recently as 2024, economists estimated the job market needed to add as many as 230,000 jobs a month to keep the unemployment rate steady. President Donald Trump's crackdown on immigration has reduced the number of job seekers, leading to a lower bar for breakeven employment. When reading about the health of the economy in the coming months, don't be surprised if you hear more about a relatively obscure statistic: the "breakeven" job creation level. Economists and policymakers have paid increasing attention to the number of jobs the U.S. economy needs to add every month to keep the unemployment rate from spiking. That is especially important in the wake of last month's shock labor market report, which showed job growth slowed to a crawl in May, June, and July. As recently as 2024, the breakeven unemployment rate was considered to be six figures. But now, the number may be far lower. Researchers at two think tanks, the Brookings Institution and the American Enterprise Institute, estimated in a paper last month that it could be as low as 10,000 to 40,000. To put that in context: the economy has added an average of 147,000 jobs every month for the past 10 years, according to the Bureau of Labor Statistics. The 73,000 jobs added in July were below expectations and widely seen as a red flag for the health of the labor market, which is slowing down amid President Donald Trump's wide-ranging campaign of raising import taxes. The breakeven number has plunged suddenly because of one of Trump's major policies: his crackdown on immigration. With fewer immigrants entering the country and some being deported, fewer people are looking for work. That means the economy needs to add fewer jobs to maintain the current unemployment rate, which has been hovering between 4% and 4.2% for months, a historically low level. Why Does the Breakeven Rate Matter? The breakeven rate is important for anyone evaluating the health of the economy, especially for Federal Reserve policymakers. Central bankers are currently weighing whether to cut their benchmark interest rate to boost the job market or keep it high to fight inflation. If the breakeven rate is lower than previously thought, Fed Chair Jerome Powell and other decision-makers might feel less urgency to cut interest Powell put it last month at a press conference:"Demand for workers in the form of payroll jobs—that number has come down, but so has the breakeven number, kind of in tandem," Powell said. "That puts the labor market in balance." Powell could explore the topic again later this week at the Fed's highly anticipated Jackson Hole economic conference, which is themed 'Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy." Read the original article on Investopedia

MTN Group Ltd (MTNOF) (H1 2025) Earnings Call Highlights: Robust Revenue Growth Amidst ...
MTN Group Ltd (MTNOF) (H1 2025) Earnings Call Highlights: Robust Revenue Growth Amidst ...

Yahoo

time6 hours ago

  • Yahoo

MTN Group Ltd (MTNOF) (H1 2025) Earnings Call Highlights: Robust Revenue Growth Amidst ...

Release Date: August 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points MTN Group Ltd (MTNOF) reported a robust financial performance with a 22% growth in service revenue, surpassing medium-term guidance. The company achieved significant cost savings of 1.5 billion rand in the first half, contributing to a cumulative 5.3 billion rand since 2024. MTN Nigeria showed strong performance with a 54.1% increase in service revenue, driven by data and voice growth. The fintech segment experienced a 24.9% growth in revenue, with advanced services growing by 42%. The balance sheet remains resilient with a consolidated net debt to EBITDA ratio improving to 0.5 times. Negative Points MTN South Africa faced competitive pressures, resulting in a modest 2.3% growth in service revenue. The company had to revise its guidance for South Africa to reflect competitive dynamics, particularly in the prepaid market. There are ongoing legal and regulatory challenges, including a DOJ investigation related to past operations in Afghanistan and Iran. The CapEx intensity was slightly above the targeted range, driven by accelerated investments in Nigeria. The company is facing challenges in maintaining market share in South Africa, with strategic initiatives needed to address this. Q & A Highlights Warning! GuruFocus has detected 8 Warning Signs with MTNOF. Q: Can you comment on your market share ambitions in South Africa and how you plan to achieve them, given the guidance suggests a potential loss in service revenue market share? A: We are widening the lower end of our service revenue guidance to reflect current realities, but our aspirations remain to maintain or grow market share. We are investing more in distribution and dealer commissions to improve competitiveness. Our goal is to capture 30-35% of all net additions in the market. (Ralph Mopita, CEO) Q: What are your plans regarding network as a service and wholesale roaming agreements in South Africa? A: We are cautious about expanding network as a service due to strategic concerns about market dynamics and MVNOs. We aim to avoid a situation similar to Europe where MVNOs disrupted retail pricing. We will pursue retail business but have a walkaway point if pricing lacks sufficient headroom. (Ralph Mopita, CEO) Q: How do you plan to scale Fixed Wireless Access (FWA) and Fiber to the Home (FTTH) in South Africa? A: We will continue to push FWA as long as we have sufficient spectrum and can deliver quality service. For FTTH, we anticipate potential consolidation opportunities in the medium to long term and are not planning to overbuild fiber infrastructure. (Ralph Mopita, CEO) Q: With the significant increase in operating free cash flow and Nigeria's positive equity outlook, is there an opportunity for share buybacks in the second half of 2025? A: Share buybacks are considered a sustainable option and are currently number five on our priority list. We are evaluating the best way to return value to shareholders and will communicate our approach by the end of the year. (Thulu Molefe, CFO) Q: How do you view the impact of Starlink and other LEO providers on your CapEx and CapEx intensity? A: We see potential partnership opportunities with non-terrestrial networks, particularly in sparsely populated areas. However, we do not anticipate these partnerships significantly influencing our CapEx intensity, which remains on a glide path towards 15-18% over time. (Ralph Mopita, CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store