Page 55 - 2019\20 KZN Top Business Portfolio - EBOOK

national trade routes or they should help to break down is formalised by the large number of cluster initiatives
the old apartheid living/working dynamics. Projects which aim to draw to together experience and expertise
are selected for their scale in terms of job creation, from commerce and industry, labour organisations,
investment size and potential revenue creation. Ideally, government and academia.
the projects should include a combination of uses Under manufacturing, the following clusters or
(retail, commercial and housing, for example) and programmes are active:
they should fit in with the United Nation’s Sustainable
Development Goals. � KZN Clothing and Textile Cluster (KZN CTC)
� Durban Automotive Cluster (DAC)
The Point Waterfront Development, for example, � Durban Chemical Cluster (DCC)
fits very well into the category of a catalytic project. � eThekwini Maritime Cluster (EMC)
Some projections put the potential investment value � KZN Furniture Incubator
at R40-billion and the number of permanent jobs � Agro-processing development programmes
to be created at 6 750. It is an ambitious plan that
is already linking the city’s beach promenade and Research aims to find out how best to grow particular
the harbour. economic sectors, and in-depth discussions are held
about how to develop and grow value chains. The
The Point Waterfront Development offers a property wealth of KwaZulu-Natal is mostly consumed or
use mix of office space, retail shops, residential exported in its raw state - much more could be done
dwellings and leisure options. The 55 ha site has to add value through processing.
already seen significant investment. A new cruise
line terminal in the harbour, backing on to the The priority sectors are:
Point will dovetail well with the new atmosphere of � Automotive and allied industries
the precinct. � Logistics and logistics management
� ICT and BPS (Information & Comm’s Tech, plus
Other major projects, amongst others, include the: business process services)
� GO!Durban Transport Oriented Development, � Agri-processing
which has already received major road upgrades � Life sciences (incl. Pharmaceuticals, medical
and will be an even greater enabler of trade device manufacturing, plus health facilities)
� Centrum Government Precinct which would � Tourism asset development
formalise the relationship between buildings
such as the International Convention Centre (and Some of these initiatives play to the existing strengths
extensions) and a related hotel, the library, council of the regional economy, some seek to exploit newer
chambers and the redevelopment of Gugu avenues as in the emphasis on the environment and a
Dlamini Park growing interest in the oceans’ economy. A variety of
� Cornubia integrated human settlement development projects link tourism, renewable energy generation,
north of Durban, on 1 300 ha, a partnership between recycling and job creation.
Tongaat Hulett Development, the human settlement
departments at national and provincial level and There are various other broader programmes which
eThekwini municipality have their own goals, but there will be positive spinoffs
for the targeted sectors. These schemes include
� Dube TradePort, the multi-modal facility at King the drive to increase local content, boosting metal
Shaka International Airport fabrication across sectors, the promotion of black
Cluster Initiatives industrialists, promoting exports and the over-arching
eThekwini Industrial Development Policy Action Plan.
Durban has a very diverse economic landscape,
within which there are some large-scale enterprises. Companies operating in these key sectors are invited to
Cooperation between the public and private sectors contact Invest Durban and benefit from these initiatives!
Full Name of Company: Invest Durban KEY PERSONNEL
Nature of Business: Investment promotion for Deputy City Manager: Phillip Sithole
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, 11th
support, free investment advisory services, project Floor, 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
www.durban.gov.za
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