Page 8 - KZN BUSINESS SENSE Vol.2 NO.6

Durban anD KwaZulu-natal inVEstmEnt stuDY

he Durban and KwaZulu- include: Conversely, it was reported that the respondents on a scale from addressed in the near future to
Natal (KZN) Investment “Durban/KZN is lagging behind one to five, with one indicating remain attractive and competitive
TLocation Study was ■ Robust economic growth Johannesburg/Gauteng when ‘not at all likely’ and five ‘extremely investment locations in the
recently produced by Deloitte ■ Attractive infrastructure it comes to robust economic likely’, with a score of 3.51 (close longer term. These issues are not
in collaboration with Durban ■ Sound public finances and growth, developed financial to ‘very likely’ to happen). On the unique to KZN, but have national
Investment Promotion and good administration markets and availability of a other hand, Durban and KZN in implications.
Trade & Investment KwaZulu- ■ A developed financial market highly skilled workforce, and 2030 are seen as the leading tourist
Natal (TIKZN). The purpose lagging behind Cape Town/ destinations in South Africa – a “In our 2030 investment vision
of the study was to develop an ■ Good innovative capacity Western Cape in the area of positive scenario with a slightly for Durban we should strive
understanding of the challenges ■ Highly skilled workforce good innovation capacity and lower score of 3.38, but nevertheless to become the premier sub-
and opportunities for investing ■ An attractive social to some extent with regard to thought of by the respondents as Saharan investment and export
in the region and to find out if environment sound public finances and good likely to happen. platform. One that is recognised
Durban and KZN are able to administration.” as the southern gateway to and
drive investment in the future. The report proposed that while The scenario for tourism is from Africa, and where most
there are challenges, Durban However, a strong deterrent for positive and viable that should multinational companies targeting
With assistance from Durban and KZN have a number investment remains the current drive investments throughout Africa choose to be located,”
Investment Promotion and of fundamental assets and lack of growth of the South African the province. However, fears of concluded Russell Curtis. 
TIKZN, as well as Durban opportunities in place that will economy. Factors that could higher bureaucracy and political
Chamber of Commerce, iLembe help to retain existing and attract further impact on investment are instability relate to the key issues For the full report: https://www2.
Chamber of Commerce and the risk of a credit downgrade that Durban and KZN are deloitte.com/za/en/pages/infrastructure-
the KZN Growth Coalition, new investments. caused by ongoing political facing. These issues need to be and-capital-projects/articles/durban-and-
the survey was conducted in An in-depth analysis of all uncertainty, governance issues at kwazulu-natal-investment-survey.html
October 2016 with 59 foreign available statistics, together state owned enterprises, patronage
and local companies of differing with the survey results, revealed and state capture.
sizes and from all industries that Durban and KZN lead
within the KZN region. Only other South African locations When asked about an outlook
board members, CEOs and with regard to attractive social for 2030 for both Durban and
managing directors answered the environment and attractive KZN, the survey panel named
questionnaire, which gathered infrastructure. “Good maritime under the current circumstances
their perspectives, perceptions connectivity, attractive logistic the following two scenarios –
and insights on this topic. one negative and the other one
platforms and existing inland positive – as most likely to unfold
According to the report there infrastructure extending further for the municipality and the
are many factors that can into southern Africa are seen province. Durban and KZN in
make locations attractive and as big draw cards for export 2030 are seen as locations with
competitive for investment. The oriented industries to invest in a very bureaucratic and political
fundamental factors that need to Durban and KZN,” said Russell environment that will impact
be in place to attract investment Curtis Head of Department, growth and investments. This
from local and foreign investors Durban Investment Promotion. negative scenario was ranked by

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