Page 78 - KZN Top Business Portfolio 2021/22- eBook

INVEST DURBAN

Name of Company: Invest Durban KEY PERSONNEL
Deputy City Manager: Phillip Sithole
Nature of Business: Investment promotion for
eThekwini Municipality HOD: Russell Curtis
Services / Products: “First Stop Shop” to attract, CONTACT DETAILS
retain, expand and facilitate foreign direct investment Head Office
into the Durban Metro. We provide marketing Physical Address: 41 Margaret Mncadi Avenue, 11 Floor,
th
support, free investment advisory services, project Durban, 4001
management assistance, opportunity identification, Postal Address: P.O. Box 1203, Durban, 4000
and regulatory process facilitation to Foreign Tel: +27 (0)31 311 4227 Fax: +27 (0)31 311 4092
Investors, plus local Empowerment Partners. E-mail: invest@durban.gov.za
Date Established: 2001 Website: www.invest.durban or www.durban.gov.za

FIRST STOP SHOP Invest Durban delivers a world-class Metro based
investor support service, encompassing our four part
Invest Durban was recommended by the Durban business mandate, namely investment promotion and
City Council and organised private business as the marketing; foreign investment identification, attraction
First Stop Shop to stimulate new investment in the and facilitation; FDI aftercare and expansion, plus
Durban metropolis. We act as a partnership between investment advocacy.
the Metro City Council and the private business Invest Durban works together with organisations such
sector, offering a free investor advisory service, plus as the Department of Trade & Industry including Invest
key promotion, facilitation, and aftercare services SA, Trade and Investment KZN (TIKZN), the Durban
between all investment stakeholders. Chamber of Commerce and Industry, the KZN Growth
Coalition, and State-Owned Enterprises such as Dube
TradePort, the DBSA, IDC, Eskom, ACSA and others.
Categories
The thrust of Durban’s proposition to attract investors
can be put into three broad categories:
ƒ Premium Destination; a business and lifestyle
environment most conducive to profitable,
sustainable, with ample land available
ƒ Catalytic Projects, which have the potential to
shift the socio-economic landscape and trigger
a series of investments across several sectors
ƒ Priority Sectors, which receive the focus
of planners in a variety of ways, including the
creation of clusters and the development of value
chains to promote new ventures and investment
opportunities.
Catalytic Projects
Durban is working on a number of large-scale projects
that have the potential to make a regional impact.
The location of these projects is vital. They must
either be on national trade routes or they should

76