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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OVERVIEW<br />
Agriculture<br />
New crops are adding to the export basket.<br />
The award of Toyota SA/Agri SA Young Farmer of the Year for<br />
<strong>20</strong>17 went to a Richmond farmer who is one of only four<br />
farmers in the province cultivating golden kiwifruit. There<br />
are only 16 farmers in all of South Africa doing what Ross<br />
Lowe does, but he believes that the particular strain of kiwifruit he has<br />
chosen is the best in terms of taste and yield. Typically for the modern<br />
<strong>KwaZulu</strong>-<strong>Natal</strong> farmer, he also intends to increase his export volumes.<br />
So-called superfoods have potential to grow the agricultural<br />
sector via greatly increased exports: these include avocados,<br />
pecans and dates. The province’s Premier has mentioned<br />
possibilities in macadamia nuts (already a thriving sector in other<br />
parts of the country) and in new areas such as cannabis and the<br />
farming of rabbits. The opening of a R99-million cold-storage<br />
facility at the Dube TradePort in <strong>20</strong>17 has given farmers and<br />
exporters additional flexibility, allowing them to store chilled and<br />
frozen perishable goods.<br />
Eighteen percent of <strong>KwaZulu</strong>-<strong>Natal</strong>’s 6.5-million hectares of<br />
agricultural land is arable, and the balance is suitable for the rearing<br />
of livestock. The province’s forests occur mostly in the southern and<br />
northern edges of the province.<br />
In <strong>20</strong>18, a summit was held at which consultation took place<br />
towards the creation of an Agricultural Development Masterplan<br />
for the province. The resulting plan includes priorities such as the<br />
expansion of irrigable land, improving market access for producers<br />
and adding value to agricultural products before they reach local<br />
and international markets.<br />
The Agribusiness Development Agency (ADA) works with<br />
Department of Agriculture and Rural Development (DARD) to<br />
stimulate agribusiness that covers the entire value chain and<br />
promotes development in all areas. The coastal areas lend themselves<br />
to sugar production and fruit growing, with subtropical fruits doing<br />
particularly well in the north. <strong>KwaZulu</strong>-<strong>Natal</strong> produces 7% of South<br />
Africa’s citrus fruit.<br />
ONLINE RESOURCES<br />
Fresh Produce Exporters Forum: www.fpef.co.za<br />
<strong>KwaZulu</strong>-<strong>Natal</strong> Agricultural Union: www.kwanalu.co.za<br />
<strong>KwaZulu</strong>-<strong>Natal</strong> Department of Agriculture and Rural<br />
Development: www.kzndard.gov.za<br />
SECTOR INSIGHT<br />
Increased agricultural freight<br />
volumes are expected at the<br />
Dube TradePort.<br />
Beef originates mainly in the<br />
Highveld and Midlands areas, with<br />
dairy production being undertaken<br />
in the Midlands and south. The<br />
province produces 18% of South<br />
Africa’s milk.<br />
<strong>KwaZulu</strong>-<strong>Natal</strong>’s subsistence<br />
farmers hold 1.5-million cattle,<br />
which represents 55% of the<br />
provincial beef herd, and their<br />
goat herds account for 74%<br />
of the province’s stock. The<br />
Midlands is also home to some<br />
of the country’s finest racehorse<br />
stud farms. The area around<br />
Camperdown is one of the<br />
country’s most important areas<br />
for pig farming.<br />
Enterprise iLembe, the<br />
development arm of the iLembe<br />
District Municipality, is looking<br />
for investors to further develop<br />
an agri-processing hub near the<br />
King Shaka International Airport<br />
and Dube TradePort.<br />
KWAZULU-NATAL BUSINESS <strong><strong>20</strong>19</strong>/<strong>20</strong><br />
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