Page 18 - KZN Top Business Portfolio eBook -2024

entrepreneurs to promote self-sustainability and job of the country’s manufacturing jobs.
creation. The development has since been included KwaZulu-Natal is a significant producer of vehicles
in the South African Economic Reconstruction and and components
Recovery Plan.
Recent investments
Renishaw Coastal Precinct is a 25-hectare mature
lifestyle village that forms the first development Recent investments in the manufacturing sector
within 1 300-ha Renishaw Coastal Precinct, with include Wilma Palm Oil with an investment of R1.3
R500m spent to date, and an estimated R15 billion billion in the Wilmar Processing plant which will
upon completion. produce cooking oil, mayonnaise and margarine for
domestic consumption and export.
MANUFACTURING SECTOR
After Gauteng, KwaZulu-Natal’s diversified Nyanza Light, a chemical company investing R4, 3
billion has completed Phase 1 of its project, a Product
manufacturing sector is the second largest in Testing and Development Centre (PTDC), which is
the country with almost 19.1 % of South Africa’s currently testing the product and co-developing
manufactured exports produced in the province.
different paint formulations based on Nyanza’s
Industrial development is the anchor of the KwaZulu- pigment quality.
Natal economy and its growth is fundamental to Futurelife, which is 100% owned by Pepsico, is
the creation of employment opportunities that ranked amongst the 500 top companies globally. The
will contribute to inclusive economic growth in the company has recently unveiled its new R75 million
province.
facility located at the DubeTrade Zone. The facility
The top five manufacturing industries in the province, currently employs 196 staff and is expected to create
in terms of employment, are clothing, textiles and more employment opportunities as it expands.
footwear; food and beverages; basic iron, steel and This state-of-the-art facility will not only boost the
metal products; chemicals and plastic; and paper and economy, but it has created hope for a better future
publishing. for neighbouring communities.
The Durban South Basin is a key manufacturing and What is critical is that Futurelife procures 88% of its
industrial zone of the city, contributing a major part of raw materials within South Africa. These raw materials
Durban’s Gross Domestic Product and providing 10% include maize, soya, sugar, rice, and bran.

Futurelife managing director & partner Mark Bunn, KZN MEC for Economic Development, Tourism and Environmental Affairs Siboniso Duma
and SA PepsiCo CEO at Riaan Heyl cutting the ribbon to mark the launch of Futurelife factory at the Dube Tradeport

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