Page 53 - KZN Top Business Portfolio 2018
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The Point Waterfront Development, for example, fits The three broad focus categories are manufacturing,
very well into the category of a catalytic project. Some services and the green economy. Some of these
projections put the potential investment value at initiatives play to the existing strengths of the regional
R40-billion and the number of permanent jobs to be economy, some seek to exploit newer avenues as in the
created at 6 750. It is an ambitious plan that is already emphasis on the environment and a growing interest in
linking the city’s beach promenade and the harbour. the oceans economy.
It offers a property use mix of office space, retail shops, Manufacturing
residential dwellings and leisure options. The 55 ha site
has already seen significant investment. A new cruise Under manufacturing, the following clusters or
line terminal in the harbour, backing on to the Point will programmes are active:
dovetail well with the new atmosphere of the precinct. KZN Clothing and Textile Cluster (KZN CTC)
Other major projects include the: Durban Automotive Cluster (DAC)
GO!Durban Transport Oriented Development, Durban Chemical Cluster (DCC)
which has already received major road upgrades eThekwini Maritime Cluster (EMC)
and will be an even greater enabler of trade KZN Furniture Incubator
Centrum Government Precinct which would Agro-processing development programmes
formalise the relationship between buildings Services
such as the International Convention Centre (and In services the focus areas are Business Processing
extensions) and a related hotel, the library, council
chambers and the redevelopment of Gugu Dlamini Outsourcing (BPO), ICT, tourism and films. The
SmartXchange is an SPV to develop skills in the ICT
Park sector and to help small businesses to get started, 50
Cornubia integrated human settlement of which are already using the service. The creation
development north of Durban, on 1 300 ha, a of a more skilled workforce and a larger number of
partnership between Tongaat Hulett Development, ICT companies will create a smarter province, which
the human settlement departments at national and will make it more attractive to investors. Our Innovate
provincial level and eThekwini municipality Durban SPV, the Durban Tourism department, plus our
Dube TradePort, the multi-modal facility at King Durban Film Office, all drive growth in their respective
Shaka International Airport service areas.
Key Sectors Green Economy
Durban already has a very diverse economic A variety of projects linking tourism, renewable energy
landscape, within which there are some large-scale
enterprises. Cooperation between the public and generation, recycling and job creation.
private sectors is formalised by the large number There are various other broader programmes which
of cluster initiatives which aim to draw to together have their own goals, but there will be positive spin-
experience and expertise from commerce and industry, offs for the targeted sectors. These schemes include
labour organisations, government and academia. the drive to increase local content, boosting metal
fabrication across sectors, the promotion of black
Research aims to find out how best to grow particular industrialists, promoting exports and the over-arching
economic sectors, and in-depth discussions are held eThekwini Industrial Development Policy Action Plan.
about how to develop and grow value chains. The
mineral and agricultural wealth of KwaZulu-Natal is Companies operating in these key sectors are invited
mostly consumed or exported in its raw state – much to contact Invest Durban and benefit from these
more could be done to add wealth through processing. 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
Website: www.invest.durban
Date Established: 2001 www.durban.gov.za
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