Dubai-based Mara Group opens South Africa’s first smartphone factory
President Cyril Ramaphosa officially opened South Africa’s first smartphone factory in Durban on Thursday.
The South African plant is one of two that will produce the “developed and made in Africa” Mara smartphone.
The first plant opened just over a week ago in Rwanda.
The company expects to employ more than 1500 people at its Durban plant of which 90% would be young people and 60% would be women.
It’s a R1.5 billion investment…Toby Shapshak, Publisher - Stuff magazine
I don’t know if you ever tried a $50 smartphone. They tend to be very awful… It’s a Toyota Tazz…Toby Shapshak, Publisher - Stuff magazine
Listen to the interview in the audio below (and scroll down for more quotes from it).
I can’t say whether I believe them or not that it’s Africa’s first smartphone. Many, many people have said that. It’s not entirely made in Africa. It’s assembled in Africa. Most of the components come from [elsewhere]…Toby Shapshak, Publisher - Stuff magazine
Electronic goods are very heavily taxed. The tax rates for an electric car is 22%. Why so expensive?Toby Shapshak, Publisher - Stuff magazine
Mara saves themselves money by not having to pay those very stiff import duties…Toby Shapshak, Publisher - Stuff magazine
Enjoy The Money Show, but miss it sometimes?
Get the best bits emailed to you daily, right after it ends:
This article first appeared on 702 : Dubai-based Mara Group opens South Africa’s first smartphone factory
The new Toyota Starlet starts at R205 000; a Polo Vivo is about R10 000 more. Motoring journalist Ciro de Siena compares the two.Read More
"We didn’t go to the bank. I vendor-financed it, forcing me to stay involved in the business," says Angus McIntosh (Farmer Angus).Read More
The Constitutional Court has ruled that an employer may retrench its employees if they unreasonably refuse to accept changes to employment contracts.Read More
"Luiperd is bigger than Brulpadda," says Africa New Energies’ Stephen Larkin. "This couldn’t have come at a better time for SA."Read More
A policy holder has an automatic 15-day grace period. Make sure you know how it works, warns consumer ninja Wendy Knowler.Read More
Should taxpayers be worried? Bruce Whitfield interviews Le Roux Roelofse (Deloitte) after the Medium-Term Budget Policy Statement.Read More
Will Donald Trump win again, the two men that correctly predicted it in 2016 weigh in on 2020Read More
Is National Treasury not robbing Peter to pay Paul? Bruce Whitfield gets reaction to the Medium-Term Budget Policy Statement.Read More
"We’re going to talk a bit of business," says Moloto. "And I’m eager to learn how you’ve been over these past few weeks."Read More
How bad are SA’s debt woes? We'll find out when Finance Minister Tito Mboweni tables his mid-term budget review in Parliament at 2pm.Read More