12.07.2022 Views

KwaZulu-Natal Business 2022-23

The 2022/23 edition of KwaZulu-Natal Business is the 14th 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 national government’s campaign to encourage private investment in ports. The vital role of the ports of Durban and Richards Bay in the South African economy cannot be understated and putting them in a better position to deal with commodities and cargoes of every sort is clearly in the national interest. A special purpose vehicle is to be created within Transnet to make dealing with private companies less complicated. The increasing importance of the Oceans Economy to the future of the provincial and national economy is relevant to any examination of the economy of KwaZulu-Natal. This applies as much to trade and ship-repair as it does to the exciting gas discoveries which have been made off the coast of Mozambique and South Africa.

The 2022/23 edition of KwaZulu-Natal Business is the 14th 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 national government’s campaign to encourage private investment in ports. The vital role of the ports of Durban and Richards Bay in the South African economy cannot be understated and putting them in a better position to deal with commodities and cargoes of every sort is clearly in the national interest. A special purpose vehicle is to be created within Transnet to make dealing with private companies less complicated.
The increasing importance of the Oceans Economy to the future of the provincial and national economy is relevant to any examination of the economy of KwaZulu-Natal. This applies as much to trade and ship-repair as it does to the exciting gas discoveries which have been made off the coast of Mozambique and South Africa.

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

OVERVIEW<br />

<strong>KwaZulu</strong>-<strong>Natal</strong>, and the national distance university, the University of<br />

South Africa (Unisa), has a presence in five locations. USB Executive<br />

Development offers business courses for executives.<br />

UKZN has close to 40 000 students studying on five campuses<br />

in two cities. Greater Durban hosts Howard College, Berea<br />

(environment, engineering, law, humanities) and the Nelson<br />

Mandela School of Medicine at Congella. The UKZN administration<br />

and the Graduate School of <strong>Business</strong> are based at Westville (also<br />

science, engineering and health) whereas the Edgewood, Pinetown,<br />

campus focusses on education.<br />

The Pietermaritzburg campus offers a broad academic<br />

programme but its specialities are fine art, theology and agriculture.<br />

UKZN also hosts the National Research Foundation.<br />

The Durban University of Technology (DUT) has six faculties<br />

operating in seven campuses in Durban and in the Midlands. DUT is<br />

well known for its outstanding graphic-design school and offers one<br />

of only two chiropractic programmes in South Africa.<br />

The University of Zululand offers diploma and degree courses on<br />

two campuses at Empangeni and Richards Bay.<br />

Several provincial government departments make tertiary<br />

bursaries available to qualifying students, including Agriculture and<br />

Rural Development, Human Settlements, Public Works, Transport<br />

and the Treasury. The National Student Financial Aid Scheme (NSFAS)<br />

supports 26 public universities across the country in advancing<br />

payment of registration fees for poor students.<br />

The private sector also actively supports education through<br />

bursaries. A crowdfunding platform set up by Standard Bank, the<br />

Feenix Trust, raised more than R35-million in three years to support<br />

more than 1 000 students. The bank’s Ikusasa Student Financial Aid<br />

Programme (ISFAP) provides bursaries for students from families<br />

earning less than R600 000 per annum.<br />

Schools<br />

<strong>KwaZulu</strong>-<strong>Natal</strong> has 2.8-million school pupils, many of whom are<br />

in rural areas. With 30% of South Africa’s pupils in its schools, the<br />

province’s results have a big bearing on how the nation fares in<br />

annual examinations.<br />

There is now near universal access to primary and secondary<br />

schooling and a new drive to enrol pre-school children in Grade R<br />

ONLINE RESOURCES<br />

Council of Higher Education: www.che.ac.za<br />

<strong>KwaZulu</strong>-<strong>Natal</strong> Department of Education: www.kzneducation.gov.za<br />

National Research Foundation: www.nrf.ac.za<br />

National Skills Authority: www.nationalskillsauthority.org.za<br />

has achieved a 70% success<br />

rate. The province has 1 689<br />

early childhood development<br />

centres.<br />

Transport is provided to<br />

350 schools, covering 59 000<br />

pupils, and 2 400 bicycles have<br />

been made available under the<br />

Shovakalula programme.<br />

A primary school in the<br />

Harry Gwala District was the site<br />

of the launch of an e-learning<br />

infrastructure programme that<br />

is intended to be rolled out<br />

to rural areas throughout the<br />

province. Digital access will<br />

allow pupils in remote areas<br />

to be connected to the best<br />

teachers in the province.<br />

The unbundling from the<br />

successful Curro group of a<br />

separate tertiary entity which<br />

listed on the JSE as Stadio<br />

Holdings is a good indicator<br />

of the growth of the private<br />

sector in education. Stadio<br />

currently has three institutions:<br />

Southern <strong>Business</strong> School,<br />

AFDA (the School for the<br />

Creative Economy) and the<br />

Embury Institute for Higher<br />

Education which has a campus<br />

in Musgrave, Durban. There are<br />

seven schools in <strong>KwaZulu</strong>-<strong>Natal</strong><br />

operating under Curro brands.<br />

Advtech, the other big<br />

private company in the sector,<br />

already has 27 tertiary campuses<br />

nationally, in addition to its<br />

78 schools operating under<br />

a variety of labels. Advtech<br />

operates 10 educational sites<br />

in <strong>KwaZulu</strong>-<strong>Natal</strong>, including<br />

schools such as Crawford and<br />

Trinity House, a chefs’ school<br />

(Capsicum), three Varsity<br />

Colleges and the Design School<br />

for Southern Africa. ■<br />

45 KWAZULU-NATAL BUSINESS <strong>2022</strong>/<strong>23</strong>

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!