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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 />

18

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