Financial problems

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Local

Financial problems force Mara Phones South Africa to ring the changes.

Having failed to take off, Mara Phones South Africa, which was rescued by Lebashe Investment Group last year, will now retrench staff. When it opened at Dube TradePort Special Economic Zone on the KwaZulu-Natal north coast, it was hailed as being responsible for the first smartphone fully made in Africa, but operations came to a halt when the company ran into financial problems. However, in July the business received a […]

today1 February 2023

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