Why are Blacks Poor? The Jewish Interview!

Borrowed from the Internet:

INTERVIEWER: Why are blacks so behind economically?

JEWISH LEADER: The only aspect blacks understand is consumption. Black people don’t understand the importance of building wealth. The fundamental rule is to keep the money within your racial group. We build Jewish Business, Hire Jewish, Buy Jewish and Spend Jewish.

There is nothing wrong with that, but it is a basic rule that blacks cannot comprehend and follow.

“He kills his fellow blacks daily instead of wanting to see his fellow blacks do well”. 93% of blacks killed in America is by other blacks.

Their leaders steal from their people and send the money back to their colonial master from whom they borrow the same money from – at an interest!

Every successful black wants to spend their money in the country of his colonial masters! They go on holiday abroad, buy houses abroad, school abroad and hospitals abroad… instead of spending the money in their country to benefit their own people.

Statistics show that Jew’s money exchanges hands 18 times before leaving his community, while for blacks it is possibly a maximum of once or zero.

Only 6% of black money goes back to their community. This is why Jews are the top and blacks are at the bottom of every ladder in the society.

Instead of buying Louis Vuitton, Gucci, expensive cars, shoes, dresses, houses, etc. blacks can industrialize Africa, build Africa and get rid of colonial institutions by putting them out of business.

INTERVIEWER: What are your thoughts on failure of blacks economically?

JEWISH LEADER: Well, nothing is the Black Mans fault. His compulsive habit of killing his own, compulsive material consumption, his inability to build businesses or preserve wealth is usually somebody else’s fault!

INTERVIEWER: So what can Blacks do to liberate themselves?

JEWISH LEADER: Blacks must take responsibility. They must unit and vehemently fight corrupt leaders who run down their country! They must run to IMF borrow to build their country as though IMF was father Christmas!

www.chombachuma.com

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Opinion:You Lazy (Intellectual) African Scum!

They call the Third World the lazy man’s purview; the sluggishly slothful and languorous prefecture. In this realm people are sleepy, dreamy, torpid, lethargic, and therefore indigent—totally penniless, needy, destitute, poverty-stricken, disfavored, and impoverished. In this demesne, as they call it, there are hardly any discoveries, inventions, and innovations. Africa is the trailblazer. Some still call it “the dark continent” for the light that flickers under the tunnel is not that of hope, but an approaching train. And because countless keep waiting in the way of the train, millions die and many more remain decapitated by the day.

“It’s amazing how you all sit there and watch yourselves die,” the man next to me said. “Get up and do something about it.”

Brawny, fully bald-headed, with intense, steely eyes, he was as cold as they come. When I first discovered I was going to spend my New Year’s Eve next to him on a non-stop JetBlue flight from Los Angeles to Boston I was angst-ridden. I associate marble-shaven Caucasians with iconoclastic skin-heads, most of who are racist.

“My name is Walter,” he extended his hand as soon as I settled in my seat.

I told him mine with a precautious smile.

“Where are you from?” he asked.

“Zambia.”

“Zambia!” he exclaimed, “Kaunda’s country.”

“Yes,” I said, “Now Sata’s.”

“But of course,” he responded. “You just elected King Cobra as your president.”

My face lit up at the mention of Sata’s moniker. Walter smiled, and in those cold eyes I saw an amenable fellow, one of those American highbrows who shuttle between Africa and the U.S.

“I spent three years in Zambia in the 1980s,” he continued. “I wined and dined with Luke Mwananshiku, Willa Mungomba, Dr. Siteke Mwale, and many other highly intelligent Zambians.” He lowered his voice. “I was part of the IMF group that came to rip you guys off.” He smirked. “Your government put me in a million dollar mansion overlooking a shanty called Kalingalinga. From my patio I saw it all—the rich and the poor, the ailing, the dead, and the healthy.”

“Are you still with the IMF?” I asked.

“I have since moved to yet another group with similar intentions. In the next few months my colleagues and I will be in Lusaka to hypnotize the cobra. I work for the broker that has acquired a chunk of your debt. Your government owes not the World Bank, but us millions of dollars. We’ll be in Lusaka to offer your president a couple of millions and fly back with a check twenty times greater.”

“No, you won’t,” I said. “King Cobra is incorruptible. He is …”

He was laughing. “Says who? Give me an African president, just one, who has not fallen for the carrot and stick.”

Quett Masire’s name popped up.

“Oh, him, well, we never got to him because he turned down the IMF and the World Bank. It was perhaps the smartest thing for him to do.”

At midnight we were airborne. The captain wished us a happy 2012 and urged us to watch the fireworks across Los Angeles.

“Isn’t that beautiful,” Walter said looking down.

From my middle seat, I took a glance and nodded admirably.

“That’s white man’s country,” he said. “We came here on Mayflower and turned Indian land into a paradise and now the most powerful nation on earth. We discovered the bulb, and built this aircraft to fly us to pleasure resorts like Lake Zambia.”

I grinned. “There is no Lake Zambia.”

He curled his lips into a smug smile. “That’s what we call your country. You guys are as stagnant as the water in the lake. We come in with our large boats and fish your minerals and your wildlife and leave morsels—crumbs. That’s your staple food, crumbs. That corn-meal you eat, that’s crumbs, the small Tilapia fish you call Kapenta is crumbs. We the Bwanas (whites) take the cat fish. I am the Bwana and you are the Muntu. I get what I want and you get what you deserve, crumbs. That’s what lazy people get—Zambians, Africans, the entire Third World.”

The smile vanished from my face.

“I see you are getting pissed off,” Walter said and lowered his voice. “You are thinking this Bwana is a racist. That’s how most Zambians respond when I tell them the truth. They go ballistic. Okay. Let’s for a moment put our skin pigmentations, this black and white crap, aside. Tell me, my friend, what is the difference between you and me?”

“There’s no difference.”

“Absolutely none,” he exclaimed. “Scientists in the Human Genome Project have proved that. It took them thirteen years to determine the complete sequence of the three billion DNA subunits. After they

were all done it was clear that 99.9% nucleotide bases were exactly the same in you and me. We are the same people. All white, Asian, Latino, and black people on this aircraft are the same.”

I gladly nodded.

“And yet I feel superior,” he smiled fatalistically. “Every white person on this plane feels superior to a black person. The white guy who picks up garbage, the homeless white trash on drugs, feels superior to you no matter his status or education. I can pick up a nincompoop from the New York streets, clean him up, and take him to Lusaka and you all be crowding around him chanting muzungu, muzungu and yet he’s a riffraff. Tell me why my angry friend.”

For a moment I was wordless.

“Please don’t blame it on slavery like the African Americans do, or colonialism, or some psychological impact or some kind of stigmatization. And don’t give me the brainwash poppycock. Give me a better answer.”

I was thinking.

He continued. “Excuse what I am about to say. Please do not take offense.”

I felt a slap of blood rush to my head and prepared for the worst.

“You my friend flying with me and all your kind are lazy,” he said. “When you rest your head on the pillow you don’t dream big. You and other so-called African intellectuals are damn lazy, each one of you. It is you, and not those poor starving people, who is the reason Africa is in such a deplorable state.”

“That’s not a nice thing to say,” I protested.

He was implacable. “Oh yes it is and I will say it again, you are lazy. Poor and uneducated Africans are the most hardworking people on earth. I saw them in the Lusaka markets and on the street selling merchandise. I saw them in villages toiling away. I saw women on Kafue Road crushing stones for sell and I wept. I said to myself where are the Zambian intellectuals? Are the Zambian engineers so imperceptive they cannot invent a simple stone crusher, or a simple water filter to purify well water for those poor villagers? Are you telling me that after thirty-seven years of independence your university school of engineering has not produced a scientist or an engineer who can make simple small machines for mass use? What is the school there for?”

I held my breath.

“Do you know where I found your intellectuals? They were in bars quaffing. They were at the Lusaka Golf Club, Lusaka Central Club, Lusaka Playhouse, and Lusaka Flying Club. I saw with my own eyes a bunch of alcoholic graduates. Zambian intellectuals work from eight to five and spend the evening drinking. We don’t. We reserve the evening for brainstorming.”

He looked me in the eye.

“And you flying to Boston and all of you Zambians in the Diaspora are just as lazy and apathetic to your country. You don’t care about your country and yet your very own parents, brothers and sisters are in Mtendere, Chawama, and in villages, all of them living in squalor. Many have died or are dying of neglect by you. They are dying of AIDS because you cannot come up with your own cure. You are here calling yourselves graduates, researchers and scientists and are fast at articulating your credentials once asked—oh, I have a PhD in this and that—PhD my foot!”

I was deflated.

“Wake up you all!” he exclaimed, attracting the attention of nearby passengers. “You should be busy lifting ideas, formulae, recipes, and diagrams from American manufacturing factories and sending them to your own factories. All those research findings and dissertation papers you compile should be your country’s treasure. Why do you think the Asians are a force to reckon with? They stole our ideas and turned them into their own. Look at Japan, China, India, just look at them.”

He paused. “The Bwana has spoken,” he said and grinned. “As long as you are dependent on my plane, I shall feel superior and you my friend shall remain inferior, how about that? The Chinese, Japanese, Indians, even Latinos are a notch better. You Africans are at the bottom of the totem pole.”

He tempered his voice. “Get over this white skin syndrome and begin to feel confident. Become innovative and make your own stuff for god’s sake.”

At 8 a.m. the plane touched down at Boston’s Logan International Airport. Walter reached for my hand.

“I know I was too strong, but I don’t give it a damn. I have been to Zambia and have seen too much poverty.” He pulled out a piece of paper and scribbled something. “Here, read this. It was written by a friend.”

He had written only the title: “Lords of Poverty.”

Thunderstruck, I had a sinking feeling. I watched Walter walk through the airport doors to a waiting car. He had left a huge dust devil twirling in my mind, stirring up sad memories of home. I could see Zambia’s literati—the cognoscente, intelligentsia, academics, highbrows, and scholars in the places he had mentioned guzzling and talking irrelevancies. I remembered some who have since passed—how they got the highest grades in mathematics and the sciences and attained the highest education on the planet. They had been to Harvard, Oxford, Yale, Massachusetts Institute of Technology (MIT), only to leave us with not a single invention or discovery. I knew some by name and drunk with them at the Lusaka Playhouse and Central Sports.

Walter is right. It is true that since independence we have failed to nurture creativity and collective orientations. We as a nation lack a workhorse mentality and behave like 13 million civil servants dependent on a government pay cheque. We believe that development is generated 8-to-5 behind a desk wearing a tie with our degrees hanging on the wall. Such a working environment does not offer the opportunity for fellowship, the excitement of competition, and the spectacle of innovative rituals.

But the intelligentsia is not solely, or even mainly, to blame. The larger failure is due to political circumstances over which they have had little control. The past governments failed to create an environment of possibility that fosters camaraderie, rewards innovative ideas and encourages resilience. KK, Chiluba, Mwanawasa, and Banda embraced orthodox ideas and therefore failed to offer many opportunities for drawing outside the line.

I believe King Cobra’s reset has been cast in the same faculties as those of his predecessors. If today I told him that we can build our own car, he would throw me out.

“Naupena? Fuma apa.” (Are you mad? Get out of here)

Knowing well that King Cobra will not embody innovation at Walter’s level let’s begin to look for a technologically active-positive leader who can succeed him after a term or two. That way we can make our own stone crushers, water filters, water pumps, razor blades, and harvesters. Let’s dream big and make tractors, cars, and planes, or, like Walter said, forever remain inferior.

A fundamental transformation of our country from what is essentially non-innovative to a strategic superior African country requires a bold risk-taking educated leader with a triumphalist attitude and we have one in YOU. Don’t be highly strung and feel insulted by Walter. Take a moment and think about our country. Our journey from 1964 has been marked by tears. It has been an emotionally overwhelming experience. Each one of us has lost a loved one to poverty, hunger, and disease. The number of graves is catching up with the population. It’s time to change our political culture. It’s time for Zambian intellectuals to cultivate an active-positive progressive movement that will change our lives forever. Don’t be afraid or dispirited, rise to the challenge and salvage the remaining few of your beloved ones.

 

This article was penned by Field Ruwe.  He is a US-based Zambian media practitioner and author. He is a PhD candidate with a B.A. in Mass Communication and Journalism, and an M.A. in History. !

JT Foxx – The Man, the Hype and the Truth

JT Foxx has hit the South African business scene with a bang! He has transformed the entrepreneurship spirit, the real estate investment scene and ultimately the deal maker table!

So, who’s this man, how do you tell the hype and distill the bare truth? I have attended a few of his seminars, looked at his business models and worked out a formula that I’d like to share with you.

What’s the bang?

Like him or hate him, JT Foxx has transformed the way many entrepreneur speakers look at events/seminars, lead generation and business deals in the South African landscape.

After coming to South Africa less than 10 months ago (as at March 2014), he has built businesses, brands, a following and most importantly developed model entrepreneurs.

When an entrepreneur has come to a country, started a business and driven it to over R100m turnover in less than 10months, it’s a no brainer that any aspirational business person stands up to listen! Now, that’s a bang!

While 95% of start-ups are busy folding up in 5 years, JT (as he’s popularly known) has beaten the odds and made business start-up look like a walk in the park. That goes without saying that he has generated interest, not only from the SMME directors, but from Medium and Blue Chip companies’ directors that have started to attend his events.

My great interest as a business owner, however, is to distill the truth from the hype!

What is the hype?

JT, has a lot of hype! Loads of Hype! That said, what are the basics of marketing?

Let’s go back to the days of Ralph Waldo Emerson, in the late 19th Century. He’s known to have said “Build a better mousetrap, and the world will beat a path to your door”. This was probably true in the 19th century or earlier, however, there is a great realization in the 21st Century that THE WORLD NEEDS TO KNOW ABOUT YOUR MOUSETRAP!

You cannot get your product out there without HYPE! In marketing, they call it PR, in the digital age it is defined as direct marketing and in 21st century, we call it Social Media! JT has taken all the basics of marketing, loaded them into a turbo-charged publicity engine and made an efficient, effective and brilliant business model that has bank-rolled his multiple businesses to success.

Distilled truth! What’s the Formula?

That said, there are take home messages that entrepreneurs & business leaders need to distill from this melee!

  • JT is a brilliant marketer – worth modelling. His popularised pharase of “CEO marketing” is nothing short of what should be emulated by small and large companies alike. It is a model used by Richard Branson, Donald Trump and other business leaders effectively!
  • Business Model – his business model seminars are nothing short of transformational. If you have not attended these FREE seminar, make a point of doing so soon!
  • Branding – If you are not branded, you are a commodity! I need not say more about this!

One on one with Billionaire and Kenyan media magnate

Dinner and a long chat with Mr. SK Macharia was a monumental eye opener, inspiration and business stimulation like no other. SK, as he’s popularly known, currently owns the largest TV station in Kenya and over 14 radio channels in East Africa. With interests in Agriculture, Transport, Insurance, Real Estate and other industries, this billionaire[1] is humble, approachable and welcoming.

Likening him to Rupert Murdoch is no coincidence; his insights are simple, yet powerful and motivating. He is truly encouraging, fascinating and remarkable human being who has achieved more than most people would ever dream of.

Determination, resilience, tenacity and to a larger extent his spirit makes him the Billionaire he is today. Those who don’t know him might learn from the lessons I took away after a lengthy discussion.

Fear of Failure

He reckons that most people don’t achieve their success because of the perceived fear of failure. As a matter of fact, he encourages that you fail MANY times. That is the only way to learn, endure and achieve your goals.

The setting of goals and determination to achieve them is one way of mitigating failure. Mr. Macharia reckons that with goals in place, “there is nothing that you cannot achieve in life”.

On the lighter side, he recommends laughing at one self and laughing at failure. As a highly successful businessman, he has failed numerous times and at every instance, he looks back and laughs at what would ordinarily be devastating failure to most people.

Autobiography

He is soon to release an autobiography of his life which he will recount his childhood, trip to America, business ventures, politics and other areas of interest in his life.

A point of note is how he took a trip to Seattle, United States on road, rail and ship with only Kshs 1,800 (Approx. $20) – Which is probably ($250) factoring inflation; how he crossed the Sahara desert and stood the sandstorms in Beghazi, Libya.

In the US, he struggled from school to school, working long hours to fund his education, sleeping in the streets and determined to complete his Accounting degree; which he did and returned back to Kenya.

Back home, he was determined to apply his learnings and carve out a business empire in a country that was emerging from colonialism. He would then come face to face with the brutal reality of a single party democracy that threatened and re-possessed his multi-billion shilling businesses that had taken a life-time to build. That said, he was not bitter, laughed it off and soldiered on!

This is a book not to be missed and would bury myself into the determination and excellence of such an incredible being.

Parenting and Success

Mr. Macharia is very critical of how the youth have become obsessed with easy money; instant gratification. His take on easy money is as old as hills and retaliates that Easy money becomes Easy Spend!

The success of the youth will be carried by the youth, and highlights that parents should assist children to discover their talents while still young. This will help them discover what the right careers are for them and even more important is that they will play their strengths, not their weaknesses.

All said, SK is a role model, mentor, and a great Kenyan who has contributed immensely to Kenya and its people!


[1] http://richestkenyan.blogspot.com/

Meeting Steve Wozniak – Apple co-founder

I am sometimes honored to meet interesting and amazing people. In this circumstance, I must have met one of my business idols and undoubtedly the brains behind Apple – Steve Wozniak!. His insights into business and technology are amazing.

If you doubt how amazing his legacy is, let’s look at the numbers first.

Apple Inc. is currently (and the last 2 years[i]) the most valuable company in the world by market capitalization; commanding more than $413b. This is more than Exxon Mobil, Petro China, Wal-Mart and other huge multinationals in various sectors.

Steve Wozniak happens to have been there right at the start of Apple Inc.

Together with Steve Jobs and Ronald Wayne, they started the company in 1976 with the sole goal of selling Apple I personal computer kit, a computer single-handedly designed by Steve Wozniak! [ii] Apple went to incorporate on 3rd January, 1977 without Ronald Wayne who sold his share of the company to Steve Jobs and Steve Wozniak.

There was incredible growth in the company initially with revenue doubling every four months within the first five years of operation.

Steve Wozniak gave incredible insights into how it all started and was amazed by how humbly he has remained despite the contribution and drive he has put in a company that has revolutionalised the world!.

A number of take away messages after meeting Steve Wozniak:steve-wozniac-apple inc

  1. Technology is all around us – We just have to keep an open mind, curious eye and a yearning to learn.
  2. You need a team behind every success – No one can do it alone. The combination of Steve Wozniak and Steve Jobs undoubtedly produced what Apple is today.
  3. Passion is a key ingredient of Success – With passion for what you are doing, it becomes easy to go through the challenges and tribulations of business and personal lives.

 


[i] http://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization

[ii] http://en.wikipedia.org/wiki/Apple_Inc.

MD of Vitabiotics and chair of KEDASA

 By KC Rottok | wednesday, 07 march 2012 16:02

“Given the challenges you face as an entrepreneur, I think it is equally important to sharpen your emotional IQ as you would with business expertise!”

 

I was first introduced to the name Dr. Chomba Chuma when it appeared in my inbox in 2007 inviting me to a presentation on South African property. A few days later I joined a small group that had come to listen to the owner of Mumbi Properties explain how to use trusts to create a property portfolio.

“I named the company Mumbi after my late sister,” he informed me when we met recently.

“I got the idea of forming the company when I had acquired my fourth property in the country and needed a vehicle to manage them. I figured that as my portfolio grew so would the company. Unfortunately we hit a rough patch when the recession hit in 2008 but things are slowly getting back on track.”

 Chomba was drawn to property investment because it allowed him to develop the passive income the industry promised by way of rentals and capital growth. The bulk of his time is taken up by his position as the Managing Director of Vitabiotics South Africa, a company he co-owns following a decision to venture into the business world after a career as a medical doctor.

 

“I ended up as a doctor due to the Kenyan education system,” he explained with a slight frown. “When I got good grades the system kind of dictated that I pursue either pharmacy or medicine. I pursued the latter at Moi University and on completion of my studies and internship I joined the Swiss pharmaceutical giant Roche. Six months later they posted me to Johannesburg as the medical director for Sub Saharan Africa.”

Chuma believes that moving with his wife Rispah whom he met in medical school made the transition less difficult. He worked for two years at the company before joining Sanofi Aventis as a national sales manager for a blood thinner. While at Sanofi, he established his own company called Lighthouse Pharma selling supplements through Dischem and independent courier pharmacies.

“In 2006, after a year at Sanofi, I felt that my company was doing well enough for me to take a leap of faith and run it on a full time basis,” he recalled, this time with a smile. “We were able to get more products into the Dischem chain of pharmacies and in 2008 we decided to make our company bigger by selling a majority stake to our suppliers Vitabiotics UK.”

When asked whether the move to full time business was easy, his frown returned as he explained with an air of seriousness what the trying times have taught him.

“I think one should go to a school of psychology rather than a business college when contemplating becoming an entrepreneur,” he advised. “I did a business diploma and later pursued an MBA which I thought would equip me for the challenges ahead. Well, that doesn’t prepare you mentally to be tough when sales are slow and you have to pay salaries.”

The biggest challenge that Vitabiotics faced was that of distribution. Chomba revealed that to get a product like Immunace to a place like Upington by courier costs more than the product itself. Hence it was a big break for the company when their products were approved for distribution through Clicks which has about 400 stores and 280 pharmacies nationally.

“That was a new beginning for us,” he beamed.

And speaking of new beginnings, I asked Chomba about a new association he has been at the forefront of founding known as the Kenyan Diaspora Association of South Africa (KEDASA).

“We had a meeting in May to form the association as an umbrella body for the many different Kenyan groups that exist in South Africa. The inaugural office bearers are drawn from these groups and so far we have presented our views to President Mwai Kibaki in Pretoria, hosted the Commission for the Implementation of the Constitution (CIC) and I represented the association at the meeting of Kenyan Ambassadors held in Mombasa.”

At the time of the interview, the association was also working on a plan to mobilise assistance for Kenyans who have been affected by the ongoing drought in East Africa.

“The association has a draft constitution largely borrowed from a similar association for Kenyans in Holland,” Chomba explained continued. “It will guide the membership and leadership structure as well as establish a continuous process for raising funds to make it self-sufficient. It is important that the organisation unlike the many that came before it outlives its interim office bearers.”

Conscious of the many organisations that have previously represented Kenyans in SA, I ask Chomba what makes KEDASA different.

“Being an umbrella body means that we essentially have corporate members including a number of churches, Prokey, KESABA, student bodies, KEFA and the Upendo Women’s Investments Group. Our approach is different seeing as we are not competing with these organisations but rather inviting them to participate in a collaborative effort. If you consider the success of the CIC meeting, belonging to an umbrella body facilitates communication as the different bodies bring in their members for each project.”

Chomba is a 36 year old father of two; daughter Lerato and son Tsepo. His plan is to establish a few companies in SA over the next decade that can run themselves without his involvement then return to Kenya to participate in national development.

 Article available online – http://www.expatriate.co.za/index.php/articles/38-profiles/124-kc-rottok.html

 

Vitamin Boost – Entrepreneur

BY XOLILE BHENGU, APRIL 02 2012, 10:56

Vitabiotics SA MD Chomba Chuma doesn’t regret switching careers from medical doctor to businessman. While working for a multinational pharmaceutical company, the Kenya-born doctor saw an opportunity in the SA market to start a company supplying complementary medicines.

“I started up with my own capital, buying Vitabiotics products from the UK and selling them in SA.” Chuma then formed a joint venture with Vitabiotics UK with capitalization of £100,000.

“It was simple but not easy. I made a solid case for SA and Africa as a market but the perceptions about Africa always weigh down on business decisions. However, after the first year and with excellent results it became easier,” he says. “Complementary medicines are huge in Kenya and Nigeria, where the market covers a wider group of products including herbs, homeopathy and traditional preparations.

However, Vitabiotics is in the vitamin & mineral supplements market, which is more scientifically refined.” He hopes the industry will eventually be regulated in the way that scheduled medicines are. Vitabiotics UK owns 80% of the SA business, which employs 13 staff and distributes more than 50 products through Clicks.

Chuma expects turnover of R15m for 2010 and is aiming for a bigger slice of the estimated R3bn market. “People usually base their affinity on either their knowledge of the company or the product; we want to see if we can combine the two.”

This article can be accessed from http://www.financialmail.co.za/fm/2010/11/11/entrepreneur—chomba-chuma

CHOMBA_CHUMA_Financial_Mail_Nov_201023.pdf

Building Wealth in Property

18-NOV-2008 | Maryanne Maina

MUMBI Properties helps clients protect their assets in trust structures, which enable them to accumulate an infinite property portfolio and eventually wealth in property.

 Seven teams of experts are brought in to set up the right structures for wealth protection and specifically to build a healthy property portfolio.

“The teams we use include: trust attorneys, trust accountants, risk managers, portfolio managers, real estate agents, property finance mortgage originators and rental management,” said Dr Chomba Chuma.

Chuma further explained his role at the organisation and how he landed in this industry.

“I am managing director of MUMBI-Wealth Evolution! and responsible for the overall strategic and operational running of the company. My work involves looking into the future, making decisions on our strategic alliances and planning ahead how the organisation should run. This involves planning, forecasting and providing overall direction for the group.

“I am also involved in the general coordination of the operational relationship of all the seven different divisions. I ensure that they talk to each other and work harmoniously to provide good service to all our customers within the company’s client base.”

Chuma is a medical doctor by profession, but real estate has always been his passion.

He graduated with a medical degree in 2000. After joining the pharmaceutical industry, he did a management diploma with Unisa from 2003 to 2004.

“Thereafter I joined Mancosa where I did my MBA with an elective in portfolio management. I am also a certified estate agent with the Estate Agency Affairs Board that oversees all the estate agency affairs in South Africa,” he said.

“After completing my internship and practising for a year, I was employed by a multinational pharmaceutical company as a medical adviser for sub-Saharan Africa.

“Immediately after, I started looking for property investments and bought the first few properties under my name. After two years, we started a mortgage origination company, Mortgage Africa, targeted at foreign nationals living in South Africa since we could arrange 100percent bonds on properties bought.

“This was my entry point into real estate. We arranged property finance for a large number of foreign nationals with work permits and purchased property.

“However, after a few years we realised that there was a need to provide properties to our client base as well. There was a need to have a fully fledged real estate agency to do this and we consequently registered MUMBI Properties for this purpose,” he said.

“I learnt about the use of trust structures, which could offer protection to my investments and assist me to get an infinite property portfolio. This bore the idea of MUMBI-Wealth Evolution!, which advocates the use of right structures, right experts and right properties to acquire an infinite property portfolio,” he said.

The company has more than 1500 clients and Chuma envisions enlarging this database in the future to include more people who are passionate about property as a way of creating and protecting wealth.

“My inspiration to succeed is driven by two things. Firstly, is to offer value to my clients and ensure that they succeed with their property investments. There is nothing more satisfying than a happy client who sings your praise (or the company’s praise) for a job well done.

“In addition, our clients are with us for the long haul. We both have an understanding that we shall manage their investments for a very long time, probably a lifetime. Secondly, the wealth and financial freedom that one gets from property investment is a major inspiration.”

It is crucial to have strong organisational skills to keep all the operations of the business running smoothly. A good command of financial skills is also important to keep an eye on the figures.

Most importantly though, is the passion for the work, a desire to succeed and motivation to keep going even in tough times.

Article available online – http://www.sowetanlive.co.za/sowetan/archive/2008/11/18/building-wealth-in-property