President Cyril Ramaphosa launched South Africa’s first smartphone factory at the Dube TradePort in Durban.
The Rwanda-based Mara Group took the President on a tour of the factory, which is estimated to have an annual production capacity of over 1.2 million handsets of the Mara X and Mara Z cellphones.
A total of 200 people have been employed at the smartphone factory with 67% being women and 94% of them being youths.
Speaking at the event, President Ramaphosa described the development as a great development.
“Today we are reaping the fruits of what was promised. We are delighted about this great launch because it is going to instil a lot of confidence in other manufacturers that South Africa indeed is a place where they should all come and invest. We are delighted because Mara is a proudly African venture that is producing a South African product.”
According to The Mara Group company Chief Executive Officer, Mr Ashish Thakkar,
“Venturing into South Africa has been a phenomenal experience. It does show that South Africa is ready and open for investment and business.”
Mr Thakkar had earlier announced at the inaugural Africa Investment Forum in November 2018, that the company would invest R1.5 billion in a South African business venture over the next five years.