Page 13 - KZN Business Sense- Vol5 No4

MULTI-BILLION INVESTMENT INTO KZN ECONOMY

waZulu-Natal is set decision to choose KwaZulu- Aerotropolis Strategy to convert
to prove, yet again, Natal as their preferred the land within the King Shaka
Kits attractiveness to investment destination. We International Airport into the
investors when two international are confident that we will have first Airport City in Africa,”
conglomerates open up their doors more investors coming to added Dube-Ncube.
in the province later this year. our province as we are doing She said the province would
everything possible to create
Addressing captains of also next month undertake
industry during the KwaZulu- an environment suitable for investments missions. “We
businesses to thrive,” the
Natal Growth Coalition Premier added. will focus on attracting
business breakfast in Durban, foreign direct investments
KZN Premier Mr Sihle The Premier’s sentiments were into our special economic
Zikalala said the provincial shared by the MEC for Economic zones and different parts of
government’s investment Development, Tourism and this province. We believe that
attraction strategy was paying Environmental Affairs, Ms foreign direct investment will
handsome dividends, adding Nomusa Dube-Ncube who, help create revenue streams
that the planned investments speaking at the breakfast, for more investments in social
Moses Tembe KwaZulu-Natal Growth Coalition co-chairperson, Premier would have a substantial impact said “The province will host infrastructure such as education
Sihle Zikalala, Inja Cronje TIKZN chairperson, Scott Stanton Investec on the economy. an International Investment and health.”
regional head Durban
Investments on the horizon conference next month in Mr Zikalala assured the
for the province include a R6.5 Durban as part of our drive to business sector that the
attract yet more investment.
billion commitment by Richards provincial government was
Bay Minerals (RBM), a R1,5 “Our goal is to create a new doing everything to ensure that
billion investment by the Mara City within the King Shaka the delivery of services was
Group which it has injected into International Airport precinct. improved in major cities such
its cellphone manufacturing We are moving with speed. as the eThekwini Metro and the
operations at the Dube Trade This is a vision anchored in our Msunduzi Municipality. 
Port SEZ, a R40 billion
investment by Toyota, R1-billion
from Sumitomo Rubber and
an R8 billion investment from
Mondi.
“Before the end of this year,
we will join RBM and the Mara
Group in celebrating their
Lindiwe Rakharebe Durban ICC CEO and Vivian Reddy Edison Power
Group chairman

21ST AFRICAN RENAISSANCE FESTIVAL

his year marks the 21st the organisers and provincial has travelled abroad extensively
anniversary of the annual leadership as a result of the to present South Africa and its
TAfrican Renaissance recent National and Provincial investment potential and all that
Festival, a milestone of which the elections held in May. there is still to be positive about
organisers are extremely proud. The first part of the festival was economically. 
This initiative has grown in the Africa Day Concert which
stature, attracting the attention was staged on 25 May 2019, and Contact the African Renaissance Trust
of the media and participation of the second part which comprised for more information
delegates from around the globe. the two-day conference T: +27 31 266 9732
E: info@connectingafrica.info
Traditionally the annual commenced on 15 August and W: www.africanrenaissance.net
festival is held in May to culminated in a celebratory
coincide with Africa Day, banquet on 16 August 2019.
however, this year the festival The guest speaker at this year’s
programme was spread over banquet was Colin Coleman,
two periods, a decision taken by CEO of Goldman Sachs, who
L- R: Mpume Langa, Palesa Phili, Taweni Gondwe Xaba, and Khanyo Maubert

L- R: Fatima Asvat, Naeem Asvat and Roshan Morar L-R: Thabang Mofokeng, Mandla Mkhabela and L-R Jingmin Li, Longfei Zhou, Hailong Wang and Yunjing Cai
Musa Makhunga

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