Zil­lion­aire Group comes to Le­sotho

Lesotho Times - - Business - Bereng Mpaki

A SOUTH African hold­ing com­pany with in­ter­ests in fi­nance, min­ing, en­ergy and telecom­mu­ni­ca­tions has for­ayed into the Le­sotho mar­ket with a bias to­wards young peo­ple.

The Zil­lion­aire Group of com­pa­nies is owned by young busi­ness­man Vuk­ile “Zil­lion­aire’ Manzi from South Africa, who told the Le­sotho Times this week he is still un­der 30 years of age.

He said the group con­sists of 13 com­pa­nies spe­cial­is­ing in events man­age­ment, mod­el­ling, au­dit­ing, tourism and travel, con­sult­ing and mar­ket­ing, an in­ter­na­tional forex in­sti­tute, spa and well­ness, footwear, prop­erty, among oth­ers.

On why he de­cided to ex­pand his busi­ness to Le­sotho, Mr Manzi said he fell in love with the Moun­tain King­dom and its peo­ple, adding he was look­ing for­ward to un­earthing many busi­ness op­por­tu­ni­ties in the coun­try.

Barely a month op­er­at­ing in Le­sotho, Zil­lion­aire Group has al­ready at­tracted in­ter­est through its for­eign ex­change sub­sidiary Zil­lion­aire In­ter­na­tional Forex In­sti­tute.

The sub­sidiary is train­ing peo­ple on how to trade in for­eign ex­change (forex).

Mr Manzi said forex trad­ing was “a hid­den se­cret” from black peo­ple, yet it was a lu­cra­tive en­deav­our.

He said forex trad­ing was a form of bet­ting on the an­tic­i­pated changes in the ex­change rates be­tween dif­fer­ent cur­ren­cies.

“Forex trad­ing is still hid­den to many black peo­ple. In forex trad­ing, we are bet­ting on the an­tic­i­pated move­ment in the ex­change rates be­tween dif­fer­ent cur­ren­cies,” he said.

“You can buy when there is an an­tic­i­pated up­ward move­ment in the ex­change rates, and like­wise you can sell when there is an an­tic­i­pated down­ward move­ment in the ex­change rates.”

Mr Manzi said many peo­ple were un­suc­cess­ful in forex trad­ing be­cause they didn’t un­der­stand how the process worked.

“At Zil­lion­aire In­ter­na­tional Forex In­sti­tute, we im­part those skills through train­ing,” he said.

“We are cur­rently train­ing close to 200 peo­ple on forex trad­ing in a prac­ti­cal course that takes six months to com­plete.”

Mr Manzi, who is car­ry­ing out the train­ing him­self, said when done well, forex trad­ing could yield more re­turns than many other con­ven­tional in­vest­ments av­enues. He said forex trad­ing also contributed to eco­nomic growth.

“I like the pas­sion and en­thusi- asm that I have seen among most of my stu­dents here in Le­sotho who are show­ing an ea­ger­ness to start trad­ing,” he said.

The com­pany’s sub­sidiary, Zil­lion­aire Mar­ket­ing, is pro­mot­ing Mo­faya Pre­mium En­ergy Drink, a South African prod­uct cre­ated by busi­ness­man and me­dia per­son­al­ity DJ Sbu.

The com­pany part­ners with Mo­faya Bev­er­age Com­pany to pro­mote and dis­trib­ute the drink around Le­sotho and the rest of the con­ti­nent.

Mr Manzi said the group was also look­ing for­ward to part­ner­ing with lo­cal investors who were pas­sion­ate about busi­ness.

He said they had lined up a beauty pageant in which the first prize would be a car, adding plans were afoot to launch a cell phone brand later this year.

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