YOA Cable To Invest Additional R155-million In Dube Tradeport
YOA Cable To Invest Additional R155-million In Dube Tradeport. Yangtze Optics Africa Cable (YOA Cable) is investing an additional R155-million in plant and machinery for the special economic zone of Dube TradePort Zone 2 in KwaZulu Natal.
Dube TradePort is a Special Economic Zone made up of a precinct designed to drive industrial development in South Africa through the promotion and attraction of domestic and foreign direct investment. YOA Cable is a subsidiary of Yangtze Optics Africa Holdings, a joint venture between Chinese-based Yangtze Optical Fibre, Cable Joint Stock Company (YOFC) and JSE-listed Mustek.
It was announced in 2016. At that time, the company invested R150-million in establishing a manufacturing facility for optical fibre cable in Dube TradePort KZN. This further investment will begin in May 2023 and aims to be completed by April 2024. Through the investment, YOA Cable will also open an additional 94 skilled and specialised employment opportunities for young South Africans. In addition, it will include upgrading certain key production processes to facilitate new product development and applications.
Currently, YOA Cable supplies optical fibre cable to the majority of fibre network operators (FNOs) in South Africa and neighbouring Southern African countries, directly or via key strategic distribution partners. It has also been at the vanguard of the development of lower-end fibre products to help South Africa’s FNOs roll out fibre networks in underserved communities.
Pieter Viljoen, CEO of YOA Cable, says: “Building bridges and connecting communities is at the heart of everything we do, and we are honoured to receive this recognition. We are looking forward to future expansion and investment into Africa, to achieve an even more extensive network reach.”
