A R1-billion smart electronics factory in East London, Yekani Manufacturing, is seeking business rescue in an effort to avoid being liquidated, according to a newspaper report on Wednesday.
Browsing: Siphiwe Cele
The CEO of the R1-billion electronics manufacturing facility in East London at risk of permanent closure has denied a report that he blamed the husband of communications minister Stella Ndabeni-Abrahams for the company’s woes.
The CEO of the R1-billion East London electronics factory that faces closure has blamed the husband of communications minister Stella Ndabeni-Abrahams for the company’s woes.
A major electronics manufacturing facility in East London, which until recently made decoders for MultiChoice, faces possible liquidation after it reportedly failed to make repayments on a R200-million loan.