Samsung intends to begin construction of the factory in line with the hub launch to cash in on the increasing demands for consumer goods in the country.
According to research, an average South African spends about $940 per year on electronics. Statistics South Africa (Stats SA) also revealed that consumer spending in the country reached an all time high of R1.3trillion ($127 billion) in the first quarter of 2014.
Deputy Managing Director of Samsung Electronics South Africa, Matthew Thackrah says the new plant is in line with the company’s goal to create new business opportunities, products and technology.
The company said the manufacturing facility will encourage the development of skilled and unskilled labour in the region.
Samsung, like other technology product manufacturers is seeking new grounds in developing markets like Africa, with the continent moving from being a “dumping ground” to a high consumer rate market given its booming population and spending power.
Hi! I read your blog. It's Nice. Now, DIY Electronics South Africa Online Electronic Store is one of South Africa’s most innovative e-Commerce retailers. At the core of everything we do are our customers. We are passionate about providing great customer experiences, beginning with the moment you land on our site, until the product you order is delivered safely into your hands.
ReplyDelete