East London gets R1bn smart factory
Yekani Manufacturing, an electronics manufacturer and ICT company, has launched a R1 billion smart factory in East London in the Eastern Cape.
The tech innovation facility, located in East London's industrial development zone, is expected to create 1 000 jobs, boosting employment opportunities for community members across the province.
In a statement, Yekani says funding for this project was a concerted effort from various stakeholders, including the Department of Trade and Industry, private financial institutions, as well as the company.
"Our technologically advanced facility is geared to manufacturing innovative technology products for clients in the automotive, defence, aerospace industries, as well as consumers," says Siphiwe Cele, Yekani Group CEO.
"We want the world to know that Africans are capable of pioneering new technology."
According to Cele, the smart factory aims to push the limits of technology innovation and will require many skilled and trained people, ensuring employment and skills.
The launch of this smart factory allows Yekani to lead the way in technology innovation and to help Africa secure its rightful place among global technology leaders, Cele continues.
"We believe that this new home will allow us to showcase our capability, flexibility, expertise and quality, as well as contribution to the development of the manufacturing industry, not only in the country but also on the African continent."