Page 6 - KZN Business Sense 3.4
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KZN
KwaZulu-Natal
Business Chambers Council
ADVANCING REGIONAL ECONOMIES
on the IDC’s textiles, agro-processing, tourism, is in the South African retail “If South African consumers
commitment to chemicals to the automotive space. Because of this partnership, were more conscious about buying
advancing regional industry,” says Moodley. a number of the IDC’s textile local, it would have a major
economies. e clients have become suppliers to a impact, we would create more jobs
oce accounted for One of the province’s biggest South African retail clothing giant. and the standard of living would
close to 35 000 jobs economic drivers is the Port of go up.”
that were either Durban, which is the largest in the Making a wave through textiles
created or saved by southern hemisphere and among While South Africa’s textile e Production Incentive
the IDC in the last the top 50 busiest ports in the industry has seen a signicant Programme, one of the funds
10 years. world. ere is also a seaport at decline since the early 2000s as a specically aimed at the textiles
Richards Bay, and these two ports result of increasing global industry, funds textile businesses
Pat Moodley, make it attractive to potential competition, government, in to invest in new technologies and
regional manager import and export entrepreneurs. collaboration with the IDC, is equipment to achieve higher
for the IDC in trying to resuscitate this jobs-rich eciencies.
KwaZulu-Natal, is “e IDC’s mandate is to create industry.
passionate about jobs and we need to fund more With KwaZulu-Natal being one
shoes and fabric as businesses that do just that. “Textiles, clothing and footwear of three provinces that account for
they create jobs. “Clothing and footwear are two are my passion. It is heartwarming the lion’s share of activity in South
However, his areas that have low capital to see our investment create Africa’s textile industry, the KZN
biggest motivation expenditure, but high job permanent jobs. “If one person Clothing and Textiles Cluster
is a passion for his creation,” said Moodley. “My has a job, they are feeding ve to estimates that the industry
province to responsibility is to nd these seven other people per accounts for thousands of jobs in
succeed. businesses so that we can fund household.” the province.
them and increase the IDC’s
e IDC also footprint and to stimulate our One of the reasons textiles has Into the future
invested R814 regional economy. “We proactively had a resurgence in South Africa With a solid team who have a
million in the go out to meet with stakeholders. I is because imports from the East drive for fullling their oce’s
textiles, clothing look at what the opportunities are are no longer cheap. Production mandate, Pat has a clear vision for
and leather goods
Pat Moodley industry as at December 2016 as and then try to get all the costs have increased and the his oce to achieve even more
turnaround time for high fashion
than they have in the past few
stakeholders [government and
T he KwaZulu-Natal oce is well as R779 million in the basic industry] together to capitalise on items can be anything up to three years. With his eorts being
one of the Industrial
metal industry during the same
months, and local retailers want it
these. We also involve other
directed towards advancing
Development Corporation’s
industrialist, Pat and his team
(IDC) most successful regional period. nanciers because together we can faster. women, the youth and black
make it work.”
oces in the country. e oce is Opportunities for entrepreneurs “Local manufacturers can have their work cut out in
the second-busiest oce in terms KwaZulu-Natal is truly the e KwaZulu-Natal oce’s respond more quickly to these boosting the KZN’s economy and
of transactions, beaten only by the province with all industries, and success grows out of the high fashion requirements, and created much needed jobs.
corporation’s head oce in the IDC in the region tries to relationships it has forged with their turnaround is much quicker.
Johannesburg. Having disbursed capitalise on this. “is is a government, private businesses Large companies are tending to
R1.2 billion in the 2016 nancial diversied province that comes and clients since its inception. move to locally produced goods if
year, the oce is truly delivering with a number of industries, from One of its more valuable partners the quality and price are right.”
CONTACT DETAILS:
Samantha van den Heever
082 387 6605
sam@hesscon.co.za
ICERTOSH - KZN
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International Certificate Occupational Health and Safety 6. Construction & Demolition
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6