David Kan
David Chih-Hsing Kan (2 July 1959[1] – May 19, 2022) was a Taiwanese-born CEO and founder of Mustek, one of the largest assemblers and distributors of personal computers and complementary ICT products in South Africa.[2] Mustek is the operational business division of the Mustek Limited Group, which also includes Rectron.
David Kan | |
|---|---|
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| Born | July 2, 1959 |
| Died | May 19, 2022 (aged 62) |
| Alma mater | Pittsburg State University |
| Occupation | Businessman |
| Known for | Founder of Mustek |
| Spouse | Su-Wen Annie Kan (1992-2004) Dionne Chen (2005-2022) |
| Children | 3 |
Early life and education
Born in Tapei, Taiwan, on 2 July 1959, Kan did a series of odd jobs growing up, including working as a dishwasher at the age of 15.[3] He was also a waiter, truck driver, and removal company worker.[3]
On completion of the Taiwanese equivalent of matric at Ta-Hwa Junior College in Hsinchu in 1980, he left for the US to study mechanical engineering at Pittsburg State University in Kansas.[3]
After graduating in 1986, he relocated to South Africa, where his father was working as an economic counsellor for the Republic of China.[1] Kan was working in a cutlery manufacturing facility when in 1987 he attended the first personal computer (PC) exhibition hosted by the Taiwanese government in Johannesburg.[1] It was here that Kan met the then managing director of the Taiwanese company Mustek Corporation, Owen Chen,[3] who was interested in setting up a warehouse in South Africa.[2] Kan made a partnership proposal with Chen and visited Mustek Corporation in Taiwan to receive training.[2]
Career
Kan set up Mustek in South Africa in 1987, importing and distributing components and assembling PCs for other brands, and then becoming manufacturer of the Mecer brand of computers.[1] Considered a pioneer in the tech space in South Africa, he led the development of the country’s first PC assembly plant.[1]
To get the business started, he borrowed $50,000 from both Chen and his father. That was the only capital investment the company would ever need.[3]
Kan attributed the company’s early success “with being at the right place at the right time”,[1] as the demand for PCs began to grow in the 1980s, and import tariffs gave Mustek a competitive advantage in establishing its dominance in the South African market.[1]
In 1995, Rectron was established as part of the Mustek Group to focus on the distribution of PC components.[1]
Mustek also comprises Mecer Inter-Ed, a controlling shareholding in Palladium, shareholdings in Sizwe Africa IT Group and Khauleza IT Solutions, and a substantial shareholding in Yangtze Optics Africa Cable.[4] Mustek operates in South Africa, with anchor operations in Zimbabwe, Kenya and Nigeria.[4]
The IT company listed on the Johannesburg Stock Exchange in 1997.[1]
Mustek reported an after-tax profit for the six months between 1 July and 31 December 2021 of R152 million, and an increase in revenue of 12.5% from R3.72 billion in 2021 to R4.19 billion in 2022.[5] At the beginning of 2022, Kan had increased his shareholding in the firm to 25.42%.[6]
Kan was a founding member of the Board of Directors of Zinox, a Nigerian tech brand launched in 2001.[7]
He died on May 19, 2022, aged 62.[1]
References
- McLeod, Duncan (19 May 2022). "Shock as Mustek CEO David Kan dies". Techcentral.co.za. Retrieved 2022-06-04.
- Staff Writer. "Meet David Kan – the man who started Mustek South Africa". Retrieved 2022-05-21.
- Staff Writer. "The incredible life of David Kan". Retrieved 2022-06-24.
- Reporter, B. R. "Mustek founder and CEO David Kan has passed away". www.iol.co.za. Retrieved 2022-06-24.
- Staff Writer. "Mustek makes R152 million profit in six months — benefitting from "new normal"". Retrieved 2022-06-24.
- Larkin, Philippa. "Tech boss David Kan and Old Mutual boost shareholding in JSE-listed technology group Mustek". www.iol.co.za. Retrieved 2022-06-24.
- Okonji, Emmanuel (2022-05-21). "Zinox Mourns as Founding Member, David Kan, Passes on". THISDAYLIVE. Retrieved 2022-05-21.
