Investing in Durban Strong policy frameworks and priority projects are attracting investors to Africa’s biggest port city.
he business case for Durban is a strong one. The continent’s busiest port serves a city with excellent infrastructure and a varied and sophisticated economy while excellent schools, superb beaches, a warm climate and well-organised sports, leisure and cultural programmes contribute to making the eastcoast city a destination of choice for investors. A modern fibre optic network enables good telecommunications and the Dube TradePort at King Shaka International Airport supports imports and exports. The University of KwaZulu-Natal is a well-established institution and several campuses of Technical and Vocational Education and Training (TVET) colleges also contribute to a skilled potential workforce. The city is also a leading tourism destination and the Inkosi Albert Luthuli International Convention Centre Complex in the heart of Durban is at the core of a strong Meetings, Incentives, Conferences and Events (MICE) sector. The manufacturing sector is varied, ranging from an oil refinery and a large automotive manufacturing plant to chemicals and textiles. Durban Investment Promotion (DIP) is a collaboraKWAZULU-NATAL BUSINESS 2017/18
tion between the private sector and the eThekwini Municipality which offers assistance to potential investors and actively promotes the city. It works together with organisations such as the Durban Chamber of Commerce and Industry and TIKZN (Trade and Investment KZN). The thrust of Durban’s pitch to attract investors can be put into two broad categories: • Catalytic Projects, which have the potential to shift the socio-economic landscape and trigger a series of investments across several sectors • Key Sectors, which receive the focus of planners in a variety of ways, including the creation of Special Purpose Vehicles (SPVs), clusters and the development of value chains to promote new ventures and investment opportunities.
Catalytic projects Durban is working on a number of large-scale projects that have the potential to make a regional
Published on May 3, 2013
KwaZulu-Natal Business 2016/17 is the eighth edition of this highly successful publication that has since its launch in 2007 established its...