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KWAZULU-NATAL
PROVINCIAL OVERVIEW
KWAZULU-NATAL’S ROLE IN SOUTH AFRICA’S contributor to the national GDP. As of October 2023,
the province contributed 15.9% to the country’s
ECONOMY provincial gross domestic product (GDP), second
only to Gauteng’s 33.1% share (STATSSA, 2023).
Grant Adlam The province’s leading economic sectors include
personal services, finance, manufacturing, trade, trans-
KwaZulu-Natal is currently seeing much advance- port, and government services, followed by agriculture,
ment with the economic landscape undergoing construction, and mining.
significant transformation, driven by a robust Agriculture Sector
pipeline of flagship investments. Private sector
projects worth an estimated R250 billion are in In 2022, KwaZulu-Natal emerged as the largest contri-
butor among South African provinces to the country’s
development, reflecting renewed confidence in the
province’s growth potential. agriculture, hunting, forestry, and fishing industry,
accounting for 25.8% of the total. However, despite
KwaZulu-Natal plays a significant role in South its prominence in these sectors, agriculture’s direct
Africa’s economy, ranking as the second-largest contribution to the province’s GDP remains modest.
Private sector development in KwaZulu-Natal continues to show much confidence.
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