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 />
Russian brand that has won 14 Dakar rallies, is known for its reliability<br />
in tough conditions. Bell’s intention is to increase the percentage<br />
of local components over time.<br />
Bell is best known for its heavy equipment which is primarily<br />
used in the mining and construction sectors. The listed company<br />
reported a 6% rise in revenue for the six months to June <strong>20</strong>18, an<br />
amount of R3.7-billion.<br />
Toyota recently invested a further R6.1-billion into its already<br />
very large plant at Prospecton. The company regularly sells about<br />
a quarter of the vehicles sold in South Africa, and accounts for<br />
the same proportion of export volumes. The Corolla car, the Hilux<br />
bakkie and the Fortuner SUV are manufactured at the plant.<br />
Powerstar, a Chinese state-owned brand, assembles trucks<br />
in Pietermaritzburg on a site formerly used by Super Group.<br />
The companies that make Powerstar in Asia are the China North<br />
Vehicle Corporation (Norinco Motors) and BEIBEN, who produce<br />
about 60 000 heavy-duty commercial duty vehicles every year<br />
at their plant in Inner Mongolia.<br />
Automotive components<br />
<strong>KwaZulu</strong>-<strong>Natal</strong> has a substantial and varied automotive components<br />
sector which includes large manufacturers such as Apollo Tyres and<br />
GUD Filters. Thirty-nine companies are currently members of the<br />
Durban Automotive Cluster which is funded by the municipality.<br />
Together, these firms have about 17 000 employees.<br />
In line with the policy of developing Industrial Economic Hubs,<br />
the Durban Automotive Supplier Park is being built at Illovo, south<br />
of Durban and near to the Toyota plant. The Dube TradePort<br />
Corporation will manage the project, which covers 1 013ha. Other<br />
partners are the eThekwini Municipality, Toyota and the provincial<br />
government. The aim is to attract car assembly and component<br />
manufacturing companies.<br />
Trade and Investment <strong>KwaZulu</strong>-<strong>Natal</strong> (TIKZN) estimates that<br />
the province's component automotive manufacturers enjoy a<br />
combined turnover approaching R10-billion.<br />
ONLINE RESOURCES<br />
Automotive Industry Development Centre: www.aidc.co.za<br />
Africa (NAAMSA): www.naamsa.co.za<br />
Durban Automotive Cluster: www.dbnautocluster.org.za<br />
Manufacturers (NAACAM): www.naacam.co.za<br />
National Association of Automotive Component and Allied<br />
National Association of Automobile Manufacturers of South<br />
Keeping MAN and Toyota supplied<br />
is the R300-million operation,<br />
Duys Engineering Group.<br />
This diverse group of companies<br />
includes in its business plan the<br />
supply of truck bodies and truck<br />
components and has production<br />
plants at New Germany<br />
(Pinetown) and Richards Bay,<br />
from where it services the mining<br />
industry. Toyota Boshoku<br />
manufactures seats and does<br />
the interior trim on contract for<br />
Toyota.<br />
International company GUD<br />
Filters has a big presence in<br />
the province. Headquartered in<br />
Prospecton, where more than<br />
1 500 people work at one of<br />
its factories, the company has<br />
another plant in Pietermaritzburg<br />
and a distribution centre in<br />
Pinetown that concentrates on<br />
exports.<br />
Indian-owned Apollo Tyres SA<br />
makes Dunlop products at two<br />
large factories in the province:<br />
truck tyres are made in Durban<br />
where 840 workers are employed<br />
and a passenger car tyre plant in<br />
Ladysmith (1160 employees). The<br />
Durban factory devotes 40% of<br />
production to supplying the truck<br />
and earthmoving market. Both<br />
plants make about 25 000 tons of<br />
tyres with half of the passenger<br />
tyres being exported.<br />
The Behr Group (airconditioning<br />
and cooling systems)<br />
has a factory and its headquarters<br />
in Durban. Ramsay Engineering<br />
supplies cross-car beams for BMW<br />
and Ford. Funding was received<br />
from the Industrial Development<br />
Corporation (IDC) to buy new<br />
tool-making technology to make<br />
this possible.<br />
53<br />
KWAZULU-NATAL BUSINESS <strong><strong>20</strong>19</strong>/<strong>20</strong>