KwaZulu-Natal Business 2019-20 edition
A unique business and investment guide to KwaZulu-Natal Province in South Africa. The 2019/20 edition of KwaZulu-Natal Business is the 11th issue of this highly successful publication that, since its launch in 2008, has established itself as the premier business and investment guide for the KwaZulu-Natal Province. In addition to the regular articles providing insight into each of the key economic sectors of the province, there is a special feature on the surge in investment in new tourism projects, from casino expansions to the building of a dedicated cruise-liner terminal. Another special feature surveys other large investments in a wide variety of sectors, showing the diversity and strength of the provincial economy. For monthly updates about the region, subscribe at https://www.globalafricanetwork.com/subscribe/ or visit our portal at https://www.globalafricanetwork.com/category/regions/kwazulu-natal/
A unique business and investment guide to KwaZulu-Natal Province in South Africa. The 2019/20 edition of KwaZulu-Natal Business is the 11th issue of this highly successful publication that, since its launch in 2008, has established itself as the premier business and investment guide for the KwaZulu-Natal Province.
In addition to the regular articles providing insight into each of the key economic sectors of the province, there is a special feature on the surge in investment in new tourism projects, from casino expansions to the building of a dedicated cruise-liner terminal. Another special feature surveys other large investments in a wide variety of sectors, showing the diversity and strength of the provincial economy.
For monthly updates about the region, subscribe at https://www.globalafricanetwork.com/subscribe/ or visit our portal at https://www.globalafricanetwork.com/category/regions/kwazulu-natal/
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Massive investments in<br />
tourism are paying off<br />
New direct international flights, upgraded facilities and new hotels<br />
all point to growing confidence in the tourism sector.<br />
Major investments are being made into<br />
getting tourists to <strong>KwaZulu</strong>-<strong>Natal</strong><br />
and new hotels are being built to<br />
accommodate the increased number<br />
of visitors. Durban’s casino has had a major refit<br />
and the Durban International Convention Centre<br />
(pictured) is constantly upgrading its facilities to<br />
cope with demand.<br />
In terms of the vital transportation of<br />
tourists into the province, the most significant<br />
developments are:<br />
• The decision to go ahead with the construction<br />
of a dedicated cruise-liner terminal in the Port<br />
of Durban.<br />
• The announcement in <strong>20</strong>18 of a new direct British<br />
Airways (BA) flight between Heathrow Airport<br />
in London and King Shaka International Airport<br />
(KSIA).<br />
• Africa’s longest suspension bridge has<br />
dramatically reduced travel times between<br />
tourist hotspots in northern <strong>KwaZulu</strong>-<strong>Natal</strong><br />
and neighbouring country Mozambique. The<br />
Maputo-Catembe bridge forms part of a new<br />
road from Maputo to Kosi Bay which was officially<br />
opened in November <strong>20</strong>18.<br />
<strong>KwaZulu</strong>-<strong>Natal</strong> offers astonishing variety for the<br />
visitor. Awesome natural beauty extends from the<br />
beaches all along the coastline to the iSimangaliso<br />
(Greater St Lucia) Wetland Park and the spectacular<br />
mountainous scenery of the Ukhahlamba-<br />
Drakensberg Park. The history of the Zulu kingdom<br />
includes a number of battlefield sites outlining famous<br />
clashes with the British Empire such as Isandlwana.<br />
Mahatma Gandhi lived in the province and the site<br />
of Nelson Mandela’s arrest is commemorated. Big<br />
sporting events such as the Dusi Canoe Marathon, the<br />
Durban July Handicap and the Comrades Marathon<br />
attract thousands of participants and supporters<br />
every year.<br />
In <strong>KwaZulu</strong>-<strong>Natal</strong>, the combined contribution of<br />
retail and tourism to GDP is 14%. Many thousands<br />
of visitors to <strong>KwaZulu</strong>-<strong>Natal</strong> arrive by road, and<br />
the statistics show that the Mooi River toll plaza<br />
bringing visitors from Gauteng Province is a vital<br />
portal.<br />
Improving access<br />
In <strong>20</strong>18 Transnet National Ports Authority (TNPA)<br />
and the <strong>KwaZulu</strong> Cruise Terminal (KCT) signed an<br />
agreement for the construction of a cruise-ship<br />
terminal in the Port of Durban that will be completed<br />
by late <strong>20</strong><strong>20</strong>.<br />
KCT, a joint venture between MSA Cruises SA<br />
and Africa Armada Consortium, will spend R175-<br />
million on the financing‚ construction‚ maintenance<br />
and operation of a cruise terminal for a 25-year<br />
concession period.<br />
KWAZULU-NATAL BUSINESS <strong><strong>20</strong>19</strong>/<strong>20</strong><br />
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