{"id":22250,"date":"2022-02-09T00:48:06","date_gmt":"2022-02-08T19:18:06","guid":{"rendered":"https:\/\/tradebrains.in\/features\/safrica-phone-factory\/"},"modified":"2022-02-09T00:48:06","modified_gmt":"2022-02-08T19:18:06","slug":"safrica-phone-factory","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/safrica-phone-factory\/","title":{"rendered":"Ramaphosa\u2019s hope of making S Africa major cell phone producer dashes as factory owned by Indian-origin entrepreneur shuts"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3057894587\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Johannesburg, Feb 8 (PTI) South African President Cyril Ramaphosa\u2019s hopes of the country becoming a major producer of mobile phones for Africa have been dashed with the closure of a state-of-the-art manufacturing facility owned by a Rwanda-based Indian-origin entrepreneur.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4198499280\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> In October 2019, the Mara facility in Durban\u2019s Special Economic Zone was launched by Ramaphosa, who had secured a promise of investment by Indian-origin Rwandan businessman Ashish Thakkar at South Africa\u2019s first international investment conference a year earlier.<\/p>\n<p> \u201cThanks to its value, quality and range of services, the Mara phone holds promise for our dream of access and connectivity for the marginalised people of our country and the continent,\u201d Ramaphosa had said.<\/p>\n<p> Mara phones is a proudly African venture, which is set to put the continent on the map with regard to mobile cell phone technology, he had said.<\/p><div class=\"trade-content_5\" id=\"trade-4072360856\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> According to the company, it had spent about half of the promised 1.5 billion rands (USD 97 million) investment on the state-of-the-art manufacturing facility.<\/p>\n<p> Now, the entire factory and its contents are being auctioned, with a spokesman for Park Village Auctions saying that one of the interested buyers is from India.<\/p>\n<p> Auctioneer Keith Green told the Business Insider South Africa website that the sale was mandated by one of the country\u2019s five major banks, Standard Bank, and the semi-government funding agency Industrial Development Corporation.<\/p>\n<p> &#8220;We\u2019ve had one call out of India, and we\u2019re waiting for them to come through, and we\u2019ve had probably about three or four other guys that have already done some viewing in that industry, that are keen on it,&#8221; Green said.<\/p>\n<p> He confirmed that the auction lot includes the plant, manufacturing and testing equipment, smartphone components, and the completed phones kept in its storage facilities.<\/p>\n<p> \u201cThe line is in very good condition and could be reworked to make other electronic components,\u201d Green added, suggesting that the Indian party or any other buyer could be looking at entering that market, which is growing on the African continent.<\/p><div class=\"trade-content-10\" id=\"trade-3537191171\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The South African facility was opened a few days after Rwandan President Paul Kagame opened a Mara factory in that country, making it the first in the African continent to manufacture phones.<\/p>\n<p> Mara has been operating on the African continent for over two decades, with operations in technology, banking, real estate and infrastructure after starting out as a small computer hardware trading firm in East Africa.<\/p>\n<p> Thakkar founded the company at the age of 15 when he moved to Rwanda from the UK. PTI FH  CPS<\/p>\n<div class=\"trade-after-content\" id=\"trade-3455978959\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Johannesburg, Feb 8 (PTI) South African President Cyril Ramaphosa\u2019s hopes of the country becoming a major producer of mobile phones for Africa have been dashed with the closure of a state-of-the-art manufacturing facility owned by a Rwanda-based Indian-origin entrepreneur. In October 2019, the Mara facility in Durban\u2019s Special Economic Zone was launched by Ramaphosa, who [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-22250","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ramaphosa\u2019s hope of making S Africa major cell phone producer dashes as factory owned by Indian-origin entrepreneur shuts - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/safrica-phone-factory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ramaphosa\u2019s hope of making S Africa major cell phone producer dashes as factory owned by Indian-origin entrepreneur shuts\" \/>\n<meta property=\"og:description\" content=\"Johannesburg, Feb 8 (PTI) South African President Cyril Ramaphosa\u2019s hopes of the country becoming a major producer of mobile phones for Africa have been dashed with the closure of a state-of-the-art manufacturing facility owned by a Rwanda-based Indian-origin entrepreneur. 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