Page 20 - 2019\20 KZN Top Business Portfolio - EBOOK

create jobs. In addition, several catalytic construction
projects are underway in the province, many because
of significant partnerships between the private and
public sectors. These partnerships have resulted in
local and international property developers investing
billions of rand in new mixed-use developments across
KwaZulu-Natal.
Cornubia is a multi-billion rand, mixed-use development
being constructed in partnership between eThekwini
Municipality and Tongaat Hulett Developments. The
strategically located development in the northern
corridor of Durban, approximately 17 km from the CBD
and 7 km south of King Shaka International Airport
along the N2 highway.
Many elements of Cornubia have been completed and,
as projected, have had a positive impact on the local
community, particularly for the beneficiaries of the
eThekwini Municipality’s residential component. � Photo courtesy of City Logistics
The new Cornubia Bridge that crosses over the N2 to
uMhlanga was recently opened. The goal of the R280
million flyover bridge was not only to move traffic
but to facilitate the creation of inclusive, compact
urban precincts, linking people to opportunities and
accelerating development potential.
The bridge provides access into Cornubia with direct
access from the N2, alternative access into uMhlanga
Ridge, as well as is a key component of eThekwini’s
GO!Durban Integrated Rapid Public Transport Network
(IRPTN) network.
The Mount Edgecombe interchange – which was
funded by SANRAL, eThekwini Municipality and the
KZN Department of Transport – has already impacted
positively on business confidence in the area.
The catalysis of King Shaka International Airport on
the KwaZulu-Natal north coast has been immense and � Photo courtesy of 1st Call
the economic hubs surrounding the airport, namely
Durban Harbour and Richards Bay Harbour, make this
space one of South Africa’s primary growth corridors
UMhlanga now comprises premium-grade corporate
offices, high-end retail and luxury residential
facilities as well as range of new hotels – some still
under construction.
Ballito is becoming a commercial hub. The new Ballito
Junction shopping centre attracted 12 million visitors in
its first year of operation, collectively spending almost
R2 billion.
Current developments, which are showcasing property
investment opportunities, include: Izinga, Zimbali
Lakes Resort, Simbithi Eco Estate, Sheffield Manor,
Manor Estates and Shortens Country Estate.
The Zululami Luxury Coastal Estate within Sheffield
Beach is a R76 billion masterplan that will be located � Photo courtesy of Sappi

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