The investment by the Shanghai-based Yangtze Optics Africa Cable (YOAC) into the fibre optic manufacturing facility within Dube TradePort has the potential to “significantly bolster South Africa’s efforts to grow exports and expand its communications infrastructure”, according to the KwaZulu MEC for Economic Development, Tourism and Environmental Affairs, Michael Mabuyakhulu.
This follows YOAC’s ground-breaking ceremony on Friday at the Dube TradePort Special Economic Zone (SEZ) where it officially launched the optical fibre and accessory production facility. The new purpose-built facility is valued at R100 million, with a further R150-million investment expected in the machinery and other equipment.
“This R150m fibre optic investment demonstrates the massive growth potential within KwaZulu Natal, and South Africa as a whole, as we gear up to meet our goal of ensuring universal internet access,” said Mabuyakhulu.
According to Dr Bridgette Gasa, chairperson of Dube TradePort Corporation board, the move by YOAC adds further credence to Dube TradePort’s status as a prime investment destination which has already secured R1.4 billion in private investment.
“This multi-million rand investment also reinforces Dube TradePort’s sector-led strategy of attracting a cluster of electronics and ICT industry manufacturers to Dube trade zone’s SEZ, as well as furthering its key strategic objective of becoming a manufacturing and logistics platform servicing sub-Saharan Africa,” said Gasa.
The 15 000 square metre manufacturing facility is expected to be fully operational by January 2017.
