Owner: Vuyisile Maliza
Business: Property, construction and infrastructure practitioners.
Owner: Vuyisile Maliza
SBU Region: Port Elizabeth
Contact: 084 295 0164
Time at Shanduka Black Umbrellas: November 2013 to present (March2014)
New Brighton, Port Elizabeth, entrepreneur Vuyisile Maliza saw a gap in the property market in the Eastern Cape and launched his business, 01 Systems, to capitalise on it.
He felt not enough was known about the property market and that their values did not appreciate as much as they should in Previously Disadvantaged Areas.
“The reasons for this,” he believes, “was poor infrastructure designs and arrangements.”
He added that there was also a distinct lack of knowledge about the product from bondholders and he wanted to rectify the situation through his company.
Vuyisile Maliza, who is 50, comes with commerce qualifications and gained experience and exposure at leading financial institutions, where he dealt mostly with Mortgage Finance. Maliza claims he is a “tried and tested” social entrepreneur who
also operated a Pam Golding Properties franchise among his other businesses. He is currently involved in the building of commercial and residential properties and roads.
Though 01 Systems was established in February 2001 Maliza decided to join the Shanduka Black Umbrellas incubation programme at a later stage in order to further his knowledge and gain empowerment. “I believe that in order to see further
than others, you have to stand on the shoulders of a giant. Hence we joined Shanduka’s Transnet Programme and feel we have an added advantage now and will be able to grow quicker to become an established entity.”
He said that within six weeks of joining he saw the benefits and was able to gain immensely in the field of intellectual capital. His clients today include local municipalities, Parastatels, developers, established businesses and other SMMEs.
At 50, Maliza considers himself to be “young at heart with excellent health” and forgets that he’s reached the age of 50. He employs more than 15 people and reveals that he is not striving to become the biggest company but “the best at what we
do,” adding that “we see ourselves as a one-stop developer of choice.”
He maintains that his core values continue to be innovation and improvement and are, therefore, able to adapt to tough market conditions. His role model is Steve Jobs who was a “tried-and-tested” entrepreneur who was always improving his
product and had incredible passion. “Like him, I have surrounded myself with enthusiastic people.”
The lesson he has learnt over the past year is the ability to adapt to different conditions which involve taking meetings and reaching targets and deadlines.
His message to others wanting to start a business is that they must do a great deal of research, have a passion for their product, be disciplined and dedicated.
In five years’ time he hopes to be the developer of choice with a significant property portfolio, adding that he sees a “treasure chest” of opportunities for developers, thanks to a changing investment scene.
This “New Dawn” is the big picture for South Africans.