billion electronics factory shutting down because we
The R1 billion Yekani coque huawei mate 10 lite antichoc Manufacturing factory in East London is shutting down because it reportedly to sell a controlling stake to the husband of communications minister Stella Ndabeni Abrahams is according to a report in the Sunday Times.
The report stated that Siphiwe Cele, Yekani owner, was coque iphone 5 juventus introduced to Thato Abrahams by the IDC as coque huawei p20 quad lock a potential investor who would buy etui coque huawei y6 2017 a majority stake in the business for R1 billion.
Cele reportedly refused the offer, after which his coque huawei p8 lite 2017 blanc business started to suffer. He approached the government for help to save the company, but received none.
According to the report, minister Ndabeni Abrahams said she only learnt about the investor meeting two weeks ago.
It went on to state that Cele, Abrahams, coque huawei one piece and the IDC coque huawei p9 anime arranged a adeqwat coque huawei p30 meeting to discuss the possible investment in April 2018. Ndabeni Abrahams was deputy communications minister at the time.
Cele claimed that the investment depended on Abrahams coque huawei y5 2019 cdiscount being appointed CEO of Yekani and being allowed to chose his coque huawei p8 lite tête de mort own chief financial officer. Yekani declined the offer.
said that after coque huawei p8 lite waterproof Yekani coque iphone 5 officiel turned down coque huawei p8 lite pois the overture from Abrahams, the Eastern Cape government failed to provide coque huawei p20 pro antichoc etanche the financial help he requested, states the Sunday Times.
The minister spokesperson told the Sunday Times it was to blame the minister husband for the challenges faced by Yekani coque huawei y6 2017 chat has also denied wanting to buy a stake in Yekani.
The big launch
Yekani electronics factory wasopenedby former Minister coque iphone 5 silicone noir of Trade and Industry Rob Davies in the city’s Developmental Zone in June 2018.
The 28,000 square metre facility was set to produce a number of electronic products, including mobile phones, tablets, laptops, and decoders.
In January 2020, however, reports surfaced that the company was in big financial trouble.
Liquidation processes had been initiated after Yekani was unable to make coque souple iphone 5 payments to Standard Bank for a large loan.
Workers at the factory had not been paid in five months, either, and the facility did not resume operations this year.
“In the event that Yekani is put coque huawei p smart stranger things under final liquidation, approximately 500 coque huawei mate 20 pro transparent direct jobs will be lost,” the company told MyBroadband.
It did not detail the coque huawei p20 lite 2019 issues which led to the situation, but claimed it had made “huge efforts” to reach a positive outcome to the financial challenges.
Phones and laptops
While Yekani reportedly assembled TV decoders as part of its operations, it is unclear if the company ever sold any of iphone 5 coque om the smart devices it was meant to produce.
This includes its Trend and Balancesmartphones and a range of laptops.
When it launched in 2018, the company said it aimed to be the largest smartphone company in South Africa, with mobile phones when MyBroadband asked South coque huawei p8 lite dragon ball z Africa’s leading technology retailers whether they had ever sold or stocked Yekani laptops or smartphones, these retailers said they had not.
Takealot, Incredible Connection, and Massmart Game, Makro, Dion Wired were among the companies contacted.
Following the questions, Yekani personnalisation coque huawei p9 sent out a statement claiming that as its liquidation matter is sub judice, it is unable to provide coque iphone 5 maquillage further details or comment on any media reports as it “runs the risk of prejudicing or interfering with the pending court proceedings and its outcome”…