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Provincial focus

*Writer: Ndabezinhle Sibiya

Making KZN an

economic powerhouse

K

waZulu-Natal is looking to capitalise on bilateral relations

investment, said the KZN Premier.

between South Africa and other countries to drive socio-

There will also be the joint commitment to initiatives in

economic development and become an economic pow-

areas such as tourism, agriculture, ports, education and

erhouse. “We cannot prosper in isolation. We want to state unequivocally

cultural exchanges, among others.

that our long-term success lies in the integration of our economy

Increasing trade

with economies of the world.

In addition, KZN MEC for Economic Development, Tourism

“We are determined to take advantage of opportunities offered

and Environmental Affairs Sihle Zikalala took a delegation

by being part of BRICS [the Brazil, Russia, India, China and South

from Guangdong on a tour of areas to be considered for

Africa grouping]. Having hosted the BRICS Summit we understand

investment such as Dube Trade Port Economic Zone. The

that this bloc is an organisation established to safeguard the inter-

delegation was also made aware of the potential of Rich-

ests of the so-called developing nations,” said KZN Premier Willies

ards Bay Industrial Development Zone as a host for foreign

Mchunu.

direct investment.

KZN and China’s Guangdong Province have already signed a memorandum of understanding (MoU). Premier Mchunu and the Governor of Guangdong Zhu Xiaodan agreed to enter into a twinning arrangement. To promote shared development and prosperity, the two provinces will proactively push for the growth of two-way trade and

KwaZulu-Natal is China’s largest trade partner in South Africa and contributed $10.6 trillion to the country’s gross domestic product. The Guangdong province achieved $25.5 billion (R350 billion) worth of trade with South Africa in 2014. The MoU between KZN and Guangdong provides a firm

KwaZulu-Natal Premier Willies Mchunu with the Governor of Guangdong Zhu Xiaodan.

30

Public Sector Manager • December 2016 / January 2017

PSM December/January Edition 2016/2017  

Public Sector Manager Aimed at all middle and senior managers in the Public Service and the Public Sector in general, Public Sector Manager...

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