But it was not easy to get there.
This self-made millionaire has had it all and lost it again, twice.
Throughout his study period, he worked to sustain himself.
Image: instagram.com, @Mr. Gunguluza, SirSource: UGC
He attended the University of KwaZulu Natal and graduated in1994, where hegraduatedwith a Bachelor of Commerce degree.
Lebo Gunguluza was good at his job that he then secured another job with Metro FM.
Soon after, he left for the U.S to pursue a course in broadcasting.
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Entrepreneur
In 1997, he resigned to pursue entrepreneurship opportunities.
Here, Lebo Gunguluza marketed Insomnia and organised entertainment attractions for a commission.
It was his way into the industry where he soon established himself as a promoter in the entertainment business.
Image: instagram.com, @Mr. Gunguluza, SirSource: UGC
He became known as the best organizer for exciting parties in the whole of Johannesburg.
Lebo Gunguluza ventured out on himself and founded Gunguluza Entertainment - his own artist management and record label firm.
GEM became a huge success, raking in millions in turn over.
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It was then that thebad decisionsstarted pouring in.
First off, he bought the R1 million building where GEM was operating in.
Employment decisions in the company were on the basis of looks, and no futuristic investment decisions were made.
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He also bought many cars during this spending spree.
By the time he returned the Lebo Gunguluza career was almost finished.
Other two big clients also withdrew their business from the company.
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Within 6 months, he was once again in debt, this time of over R2million.
He had to fire his staff, sell his Porsche and start rebuilding his credit rating.
The restaurant turned into a huge success that it was able to sustain his family.
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As much as it was a messy divorce from his words, little was reported about it.
The now ex-wife took the restaurant business with her.
To begin with, he made a partner out of SAAs Sawubona Magazine publishers - Uhuru Communications.
Image: instagram.com, @Mr. Gunguluza, SirSource: UGC
This partnership was solidified when he launched Municipal Focus successfully.
It focuses on the local governments businesses and has a countrywide distribution to government departments and municipalities.
The two have mostly kept their marriage life private.
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The Lebo Gunguluza family also comprises of their son.
The program has supported over 30 young entrepreneurs to date.
She has a Bachelor of Commerce & IT from the University of Nairobi and joined Briefly.co.za in November 2019.
The writer completed a Google News Initiate Course.
it’s possible for you to email her at perisrodah254@gmail.com.
