Sign in
Download Opera News App



R1.5 billion down the toilet as government Durban based smartphone factory goes under

Just over two years after it's launch, South Africa's first smartphone factory is going on Auction.

The Mara smartphone assembly palnt near Durban was opened by President Cyril Ramaphosa in October 2019 and punted as a state of the art facility that would help create thousands of jobs.

Mara phones set up the factory using half of R1.5 billion in funding from Standard Bank and the industrial Development Corporation.

The auction lot includes the plant, manufacturing and testing equipment, smartphone components, and the completed phones kept in it's storage facilities.

"The line is in very good condition and could be reworked to make other electronic components," said the auctioneers.

Among the equipment noted are a reflow oven, calibration and RF testing hardware, battery simulators, and a power generator.

The actioneers told Business insider that local and international buyers have expressed interest in buying the factory, including one call out of India.

Its unclear what led to the sale of the factory and whether this was due to the brands inability to gain traction in the South African market.

The Mara X and Mara Z smartphones sold for between R3000 and R4000 respectively.

Source: › 2022/02/09

Mara smartphone factory in KZN is up for sale - IT-Online

Content created and supplied by: THEMADKING (via Opera News )

Durban Mara


Load app to read more comments