Page 78 - KZN Top Business Portfolio-eBook 2022

INVEST DURBAN

Name of Company: Invest Durban KEY PERSONNEL
Nature of Business: Investment promotion for Deputy City Manager: Phillip Sithole
eThekwini Municipality HOD: Russell Curtis
Services / Products: “First Stop Shop” to attract, CONTACT DETAILS
retain, expand and facilitate foreign direct HEAD OFFICE
investment into the Durban Metro. We provide
marketing support, free investment advisory Physical Address: 41 Margaret Mncadi Avenue, 11th
services, project management assistance, Floor, Durban, 4001
opportunity identification, and regulatory Postal Address: P.O. Box 1203, Durban, 4000
process facilitation to Foreign Investors, plus local Tel: +27 (0)31 311 4227
E-mail: invest@durban.gov.za
Empowerment Partners. Website: www.invest.durban
Date Established: 2001 www.durban.gov.za

series of investments across several sectors
FIRST STOP SHOP ƒ Priority Sectors, which receive the focus
Invest Durban was recommended by the Durban of planners in a variety of ways, including the
City Council and organised private business as the creation of clusters and the development of value
First Stop Shop to stimulate new investment in the chains to promote new ventures and investment
Durban metropolis. We act as a partnership between opportunities
the Metro City Council and the private business Catalytic Projects
sector, offering a free investor advisory service, plus Durban is working on a number of large-scale projects
key promotion, facilitation, and aftercare services that have the potential to make a regional impact. The
between all investment stakeholders.
location of these projects is vital. They must either be on
Invest Durban delivers a world-class Metro based national trade routes or they should help to break down
investor support service, encompassing our four part the old apartheid living/working dynamics. Projects
business mandate, namely investment promotion are selected for their scale in terms of job creation,
and marketing; foreign investment identification, investment size and potential revenue creation. Ideally,
attraction and facilitation; FDI aftercare and the projects should include a combination of uses
expansion, plus investment advocacy. (retail, commercial and housing, for example) and
they should fit in with the United Nation’s Sustainable
Invest Durban works together with organisations Development Goals.
such as the Department of Trade & Industry including
Invest SA, Trade and Investment KZN (TIKZN), the The Point Waterfront Development, for example,
Durban Chamber of Commerce and Industry, the KZN fits very well into the category of a catalytic project.
Growth Coalition, and State-Owned Enterprises such Some projections put the potential investment
as Dube TradePort, the DBSA, IDC, Eskom, ACSA and value at R40-billion and the number of permanent
others. jobs to be created at 6 750. It is an ambitious plan
that is already linking the city’s beach promenade
Categories
and the harbour.
The thrust of Durban’s proposition to attract investors
can be put into three broad categories: The Point Waterfront Development offers a
property use mix of office space, retail shops,
ƒ Premium Destination; a business and lifestyle residential dwellings and leisure options. The 55 ha
environment most conducive to profitable, site has already seen significant investment. A new
sustainable, with ample land available cruise line terminal in the harbour, backing on to the
ƒ Catalytic Projects, which have the potential to Point will dovetail well with the new atmosphere of
shift the socio-economic landscape and trigger a the precinct.
76