Page 79 - KZN Top Business Portfolio 2021/22- eBook
P. 79
help to break down the old apartheid living/working
dynamics. Projects are selected for their scale in
terms of job creation, investment size and potential
revenue creation. Ideally, the projects should include
a combination of uses (retail, commercial and housing,
for example) and they should fit in with the United
Nation’s Sustainable Development Goals.
The Point Waterfront Development, for example,
fits very well into the category of a catalytic project.
Some projections put the potential investment value
at R40-billion and the number of permanent jobs
to be created at 6 750. It is an ambitious plan that
is already linking the city’s beach promenade and
the harbour.
The Point Waterfront Development offers a property
use mix of office space, retail shops, residential
dwellings and leisure options. The 55 ha site has
already seen significant investment. A new cruise line
terminal in the harbour, backing on to the Point will
dovetail well with the new atmosphere of the precinct.
Other major projects, include the:
GO!Durban Transport Oriented Development, Research aims to find out how best to grow particular
which has already received major road upgrades economic sectors, and in-depth discussions are held
and will be an even greater enabler of trade about how to develop and grow value chains. The
Centrum Government Precinct which would wealth of KwaZulu-Natal is mostly consumed or
formalise the relationship between buildings exported in its raw state; much more could be done to
such as the International Convention Centre add value through processing.
(and extensions) and a related hotel, the library, The priority sectors are:
council chambers and the redevelopment of Gugu
Dlamini Park Automotive and allied industries
Cornubia integrated human settlement Logistics and logistics management
development north of Durban, on 1 300 ha, a ICT and BPS (Information & communications
partnership between Tongaat Hulett technology, plus business process services)
Development, the human settlement departments Agri-processing
at national and provincial level and eThekwini Life sciences (including pharmaceuticals, medical
municipality device manufacturing, plus health facilities)
Dube TradePort, the multi-modal facility at King Tourism asset development
Shaka International Airport
Cluster Initiatives Some of these initiatives play to the existing strengths
Durban has a very diverse economic landscape, of the regional economy, some seek to exploit newer
within which there are some large-scale enterprises. avenues as in the emphasis on the environment and a
Cooperation between the public and private sectors growing interest in the oceans’ economy. A variety of
is formalised by the large number of cluster initiatives projects link tourism, renewable energy generation,
which aim to draw to together experience and expertise recycling and job creation.
from commerce and industry, labour organisations, There are various other broader programmes which
government and academia. have their own goals, but there will be positive spin-
Under manufacturing, the following clusters or offs for the targeted sectors. These schemes include
programmes are active: the drive to increase local content, boosting metal
KZN Clothing and Textile Cluster (KZN CTC) fabrication across sectors, the promotion of black
industrialists, promoting exports and the over-arching
Durban Automotive Cluster (DAC) eThekwini Industrial Development Policy Action Plan.
Durban Chemical Cluster (DCC)
eThekwini Maritime Cluster (EMC) Companies operating in these key sectors are invited
KZN Furniture Incubator to contact Invest Durban and benefit from these
Agro-processing development programmes initiatives.
www.invest.durban 77
