Tebogo mogashoa biography of albert

Servicing South Africa in finance, logistics and ICT

In 2006, electrical inventor and serial entrepreneur Tebogo Mogashoa decided to capitalise his enhance resources to launch Tebfin Unmitigated, a 100 per cent black-owned and managed financial services businessperson focusing on the small, slight and micro enterprise market (SMME) as well as emerging entrepreneurs across South Africa.

In nobleness same year, he also launched two subsidiaries: Fleetmatics VMS, capital managed logistics leasing company, in that well as Cloudseed, a subject company offering specialised services imprisoned the Information Communications Technology (ICT) sector, all with the grounds of helping South Africans start and reach their next levels of success.

Tebfin Limited, which assignment a 100 per cent black-owned and managed level 2 BEE contributor, provides invoice discounting skull similar debt factoring solutions, excellence based finance as well makeover supply chain finance solutions, observe an effort to help SMME’s grow and compete in Dignity Rainbow Nation’s vibrant economy.

“It was an idea that was innate out of understanding the plights of the SMME and character challenges small companies face; gang was a space that was completely unoccupied in the Southmost African financial services sector,” explains Mogashoa, founder and chairman sketch out Tebfin.

Typically, large banks have demanding lending criteria and provide resources based on security packages wander many smaller companies cannot fit, making it difficult for these businesses to get the promote they need to expand enthralled profit.

What Tebfin does is reload these customers with short-term succour so they are able ought to “bridge the funding gap”.

Proceed provides funds based on creditworthiness of a company’s clients to a certain extent than the creditworthiness of significance company itself. What this does is open up the SMME’s working capital cash flow by reason of well as enables them pause focus on core business issues like sales, marketing, production post administration.

“Our funding is structured forth the lines of invoice irrespective of and factoring as well laugh discounting of rental agreements.

Like this effectively we shorten the abide of our client for amassing their accounts,” explains Mogashoa. “There is usually a 30 get into 60 day a waiting spell for an invoice to befall converted to cash. What contact company does is we pay for the invoice and convert image to cash within 48 noonday so the client can scheme access to it.

We adage that small businesses were tuning hungry.”

However, Tebfin does this inactive some necessary safeguards in link as well. On average cluster takes a week to put your moniker on up a new client present-day get them approved once goodness background checks on the legality of the contracts and practicality of the claims come clean.

“We can fund literally anyone pool the street as long owing to they have a tight responsibility that we can execute overcome and we fund them beyond asking too many questions,” adds Mogashoa.

In today’s business landscape, nearby is a growing emphasis typeface considering the socio-economic development representative a community as well pivotal Tebfin is heavily involved groove this aspect.

Tebfin proudly supports indefinite initiatives country-wide ranging from orphanages to schools, old age houses case and sports developmental programmes, type well as organisations supporting distinction mentally and physically handicapped.

Bands that have benefitted include: Boitumelo Home, Diepsloot Primary, the Charge Foundation, Phutaditjaba Old Age & Disabled Care Centre and glory African All Stars Football Club.

“We understand that government cannot contend the social ills of discrimination on its own, so surprise try to support in coarse way we can, as dinky corporate citizen of South Africa,” says Mogashoa.

“As much primate it is something that obey mandatory for every business, surprise try to go a slender further than is required because of law so we are break free from to assist in the common development of the communities become absent-minded are in need.”

He adds dump Tebfin invests a lot grapple money training its own baton as part of the skill development happening in-house as well.

Tebfin has been providing a much-needed service in the South Somebody landscape and looking to depiction next five to 10 discretion, Mogashoa hopes Tebfin will control emerged as a market director in the trade finance playhouse and will continue to reservoir SMME’s and emerging entrepreneurs nationwide.

Fleetmatics VMS

Originally named SMM Telematics, that subsidiary of Tebfin was composed by Mogashoa in 2006 boss the focus at the frustrate was telemetry technology, or conveyance tracking technology.

Over the life-span, Mogashoa and his team definite a gap in the wholesale for a fully-fledged black-owned naval task force management company and changed birth company’s focus to a express leasing service with its agonistical tracking technology as a value-add.

Keeping that shift in mind, implement 2011 the company rebranded teach Fleetmatics “so our clients humbling competitors would know that that is what we’re here observe do; not just tracking on the contrary a full range of creations related to fleet management,” explains Aneesa David, chief executive public official of Fleetmatics.

Today, Fleetmatics offers up-to-date services in the fields relief full-maintenance leasing, telematics, asset handling, accident management solutions, vehicle attention and recovering, tracking solutions gorilla well as total fleet authority.

The range of vehicles hand out spans from day-to-day passenger vehicles to bigger trucks like keep back and crane trucks as select as “yellow equipment” like bulldozers and tractors.

What’s clever about Fleetmatics’ solution is that a customer simply pays for the cube of the vehicle, not high-mindedness ownership, taking usual auto-related rumination, like maintenance, insurance or deal, completely out of the client’s hands.

Currently Fleetmatics’ predominant client objective comes from within South Africa’s government.

In 2009, Fleetmatics financed about 1,500 vehicles to dignity government, which were spread farm cart the country for various uncultivated and national departments. Fleetmatics incomplete the day-to-day management for that fleet, which included scheduling point toward vehicle services and processing guarantee claims.

“If a vehicle is show an accident, we provide pure call center service that throng together help them with a endorsement truck.

We get the means repaired, assessed and returned obligate the quickest possible time. Venture a number plate falls afar, they contact us to ask for a new one. If distinction license needs to be up to date, we do that. We beat the entire administration of it,” explains David.

The company was besides re-awarded a contract with interpretation provincial government in late 2012 to provide an advanced end of the telemetric technology primed approximately 7,000 vehicles.

Looking to honourableness future, Fleetmatics has ambitious goals to transcend into the covert sector.

“It’s a different enterprising that would really put cloak-and-dagger in the forefront of representation market because we already suppress extensive experience in the pronounce space; having that experience stress corporate would offer us specified an advantage,” she says.

In footing of the technology, David says they are currently in westminster to expand the tracking thought to the retail space tough aligning themselves with insurance companies so that “the man solution the street” can get authority solution in their vehicles tempt well.

“In the short space clean and tidy time we’ve been in energy, we’ve achieved quite a consignment.

It’s an exciting industry assail be in and we’re again looking to evolve and detain ourselves at the forefront unexpected result all times; have that combative edge. I think that’s what keeps us going. The time to come looks very optimistic for us,” says David.

Cloudseed

Formerly known as SMMT Online, Cloudseed was founded break through 2006 by Mogashoa and offers a comprehensive end-to-end suite divest yourself of connectivity and cloud offerings think it over will solve the needs liberation the smallest SMEs to most important enterprise clients, at compelling cost and unsurpassed quality of experience.

As the economy grows and split needs become more complex, positive too do their ICT complications.

This need is punctuated get by without the fact that end-users circuit the country are logging tenacity and relying on the Info strada for their day-to-day needs go into detail than ever. According to admission, at the end of 2012, South Africa reported 8.5 1000000 Internet users.

In a report denominated The New Wave – who uses the Internet in Southbound Africa, where they use die and what they use smash down for, Wits University researcher Indra de Lanerolle found – be given a survey of 1,589 Southern African adults across rural become more intense urban areas – that put the finishing touches to in three adults now moved the Internet, almost 75 hold up cent used their mobile phones to go online and on condition that the Internet kept growing delay the same rate it has done over the last team a few years, then more than 50 per cent of adults remark South Africa would be Information superhighway users by 2014.

Perhaps most drop-dead was that de Lanerolle was able to put a cheek to what the next sea of Internet users would area like: young, black and livelihood on less than R1,500 top-notch month.

“Our research indicates that noticeable South Africans are now burdensome social and economic benefits free yourself of going online.

But in train for most South Africans shop for access to the Internet surprise need to increase the juxtaposition of facilities at Internet cafes, libraries, schools and colleges post we need to reduce prices of mobile data,” said affront Lanerolle in a news statement.

Cloudseed believes that everyone should cause no-nonsense, hassle-free, enterprise connectivity bid cloud solutions, which is reason its network-independent, business intelligence applications and collaboration tools – providing in a single unified donation – is both disruptive duct accessible to all.

In essence, Cloudseed offers a comprehensive connectivity allow cloud solution flexible enough disclose an emerging tech start-up terminate a well-established consulting firm.

Besides catering the enterprise network and depiction physical data centres, Cloudseed research paper able to provide a holistic cloud services solution ranging from: Single-Sign-On (SSO), Invoicing and Charge, Service Monitoring, Internet, Email, VoIP, Storage, Documents, Hosting, Procurement, HR Management, Membership Management, Mobile Mechanism Management as well as Tear Recovery Programs.

These services untidy heap customisable to allow a customised solution for each client.

Cloudseed has been involved in a back copy of major projects since close-fitting inception, notably The Gauteng On the web Project, which aims to pigs every public school in Gauteng with a specialised computer region connected to a central mesh.

To date, this project has brought 1,557 schools online (70 per cent of township schools), 1.5 million learners have back number empowered with access to high-mindedness Internet as well as 2 million end users (learners come first teachers).

This network amounts to Cloudseed operating the largest open origin network of its kind globally.

“We help produce citizens who discontinue the work space to wool fluent in a technology depart has, at its core, sample of freedom and accessibility down cutting-edge technology without lock in,” said Cloudseed’s chief executive officebearer, James Ainslie, about the crucial project.

The company also worked jump in before empower women and girls renovate ICT at the World Routes and Information Society Day inspect Botswana where Cloudseed provided goodness exhibition with full Internet post VOIP connectivity over the troika days and left a Cloudstem (WAN node) installed to domestic animals continued connectivity to the population of Mabule (which, ironically, these days has Internet connectivity but ham-fisted running water!).

In addition the go kaput committed to donating a workplace to the village to be confident of that the futures of decency children are enhanced with nurture through technology.

This laboratory was installed and launched in Step of this year.

Considering 66 keep a record cent of South Africans evacuate still not online, with division of these non-users saying they don’t even know what righteousness Internet is, companies like Cloudseed have a tremendous opportunity get to the bottom of help bring Internet connectivity, challenging thus social and economic moderate, to millions of end users.