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.

President Cyril Ramaphosa on 17 October 2019 toured the Mara Group Cellphone Plant launch at Durban Dube Trade Port. Picture: @GCISMedia/Twitter

The Money Show’s Bruce Whitfield interviewed Toby Shapshak, Publisher at Stuff magazine.

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:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Considering divorce? How to avoid getting poorer in the process

Considering divorce? How to avoid getting poorer in the process

Personal finance expert Warren Ingram warns that divorce almost always destroys wealth. Here’s how to not lose your money.

'We discuss stocks and options with our children at the dinner table'

'We discuss stocks and options with our children at the dinner table'

Bruce Whitfield interviews Basetsana Kumalo about her attitude to money (hopes and fears, successes and failures, etc.).

Yves Saint Laurent starts selling designer condoms for R95 a pop

Yves Saint Laurent starts selling designer condoms for R95 a pop

Some things in life just don’t need a “designer” counterpart, reckons branding and advertising expert Andy Rice.

We bought 2 corrupt businesses back in 2012 - Stephen van Coller (CEO at EOH)

We bought 2 corrupt businesses back in 2012 - Stephen van Coller (CEO at EOH)

If EOH didn’t make those mistakes, the company would have no debt today, laments its CEO, Stephen van Coller.

5 retirement saving tips for those who left it late

5 retirement saving tips for those who left it late

It’s better to start late than never! The Money Show’s Bruce Whitfield interviews Jeanette Marais.

Enjoy life and save for the future by splitting income using the '50/15/5 rule'

Enjoy life and save for the future by splitting income using the '50/15/5 rule'

You only live once — personal finance guru Warren Ingram on divvying up your income if you're not the budgeting type.

Popular articles
[WATCH] Man forgets to engage handbrake, truck almost hits other cars

[WATCH] Man forgets to engage handbrake, truck almost hits other cars

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] Adorable video of dads joining daughters' ballet class goes viral

[WATCH] Adorable video of dads joining daughters' ballet class goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

We have bent over backwards, it appears unions don't want to settle - SAA

We have bent over backwards, it appears unions don't want to settle - SAA

Sacca president, Zazi Nsibanyoni-Anyiam Mugambi and airlines acting CFO Deon Fredricks weigh in on the strike facing the airline.

Can’t find your phone? Drop everything – thieves can get into your banking app!

Can’t find your phone? Drop everything – thieves can get into your banking app!

Did someone steal your phone? Contact your bank without hesitation warns consumer journalist Wendy Knowler.

'Unions are making a mistake. SAA is dying. It’s not Eskom – we don’t need it'

'Unions are making a mistake. SAA is dying. It’s not Eskom – we don’t need it'

SAA is on its knees, cap in hand, asking taxpayers for R2 billion this month. Unions must be careful, warns Guy Leitch (SA Flyer).

Unions and SAA get ready for fight that threatens to break the ailing airline

Unions and SAA get ready for fight that threatens to break the ailing airline

Joanne Joseph plays audio from the media briefing over the impending strike.

White pupils at posh Kingswood College refer to black scholars as 'snoobab'

White pupils at posh Kingswood College refer to black scholars as 'snoobab'

"This problem is bigger than just a Kingswood problem. The relevant processes will unfold," says College Head Colleen Vassiliou.