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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