Plan to rescue South Africa's first smartphone factory
The Mara Phones management buyout team has claimed it has secured an investor that can help save the company's South African factory and the jobs of its employees.
Two of the factory's main funders — Standard Bank and the Industrial...
Plan to save South Africa's first smartphone factory
A buyout team comprising of Mara Phones South Africa management has made a proposal to the company’s lenders to turn the company around rather than auctioning it off for parts.
This is according to a statement issued on Monday by Mara Phones...