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KwaZulu-Natal Business 2023-24

A unique guide to business and investment in KwaZulu-Natal Province, South Africa. The 2023/24 edition of KwaZulu-Natal Business is the 15th 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 growth and importance of the recycling sector, with increasing activity covering cover paper, board, e-waste and rubber. The overview of the regional economy notes the importance of energy and the steps being taken by KwaZulu-Natal to turn Richards Bay into an energy hub. The fact that the province is also angling to create additional Special Economic Zones suggests that the two existing zones, at Richards Bay and the Dube TradePort at King Shaka International Airport, are living up to expectations in terms of attracting investment and boosting employment. The creation of a joint venture by Transnet and a private operator of ports is a significant step for the Port of Durban. To complement the extensive local, national and international distribution of the print edition, the full content can also be viewed online at www.globalafricanetwork.com under ebooks. Updated information on KwaZulu-Natal is also available through our monthly e-newsletter, which you can subscribe to online at www.gan.co.za, in addition to our complementary business-to-business titles that cover all nine provinces, our flagship South African Business title and the latest addition to our list of publications, Journal of African Business, which was launched in 2020.

A unique guide to business and investment in KwaZulu-Natal Province, South Africa.
The 2023/24 edition of KwaZulu-Natal Business is the 15th 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 growth and importance of the recycling sector, with increasing activity covering cover paper, board, e-waste and rubber.

The overview of the regional economy notes the importance of energy and the steps being taken by KwaZulu-Natal to turn Richards Bay into an energy hub. The fact that the province is also angling to create additional Special Economic Zones suggests that the two existing zones, at Richards Bay and the Dube TradePort at King Shaka International Airport, are living up to expectations in terms of attracting investment and boosting employment. The creation of a joint venture by Transnet and a private operator of ports is a significant step for the Port of Durban.

To complement the extensive local, national and international distribution of the print edition, the full content can also be viewed online at www.globalafricanetwork.com under ebooks. Updated information on KwaZulu-Natal is also available through our monthly e-newsletter, which you can subscribe to online at www.gan.co.za, in addition to our complementary business-to-business titles that cover all nine provinces, our flagship South African Business title and the latest addition to our list of publications, Journal of African Business, which was launched in 2020.

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The first fruits of the harvest are celebrated every year<br />

at the Umthayi Marula Festival in northern <strong>KwaZulu</strong>-<br />

<strong>Natal</strong>. Residents of Swaziland and Mozambique are<br />

frequent visitors.<br />

a modern international airport and pipelines that<br />

carry liquids of all types to and from the economic<br />

powerhouse of the country around Johannesburg<br />

in the interior.<br />

Sappi’s dissolving pulp mill at Umkomaas south<br />

of Durban is one of the province’s most significant<br />

industrial sites as it produces huge quantities of a<br />

material that is used in viscose staple fibre, which<br />

in turn is used in clothing and textiles. Mondi is<br />

the province’s other global giant in forestry, paper<br />

and packaging. Toyota and Bell Equipment are<br />

dominant players in the automotive sector.<br />

Many banana farmers on the <strong>KwaZulu</strong>-<strong>Natal</strong><br />

South Coast have started planting macadamias. In<br />

one case, half of a big farm has been converted to<br />

cultivating the popular nut. “Along the KZN South<br />

Coast, we enjoy a subtropical climate that creates a<br />

fertile environment that supports a variety of crops<br />

in the agricultural sector,” explains Phelisa Mangcu,<br />

CEO of South Coast Tourism and Investment<br />

Enterprise (SCTIE).<br />

Regions<br />

<strong>KwaZulu</strong>-<strong>Natal</strong> has 10 district municipalities and a<br />

metropolitan municipality, the most of any province<br />

in South Africa. In economic terms, the province<br />

offers diverse opportunities.<br />

Southern region<br />

This area is the province’s most populous. The<br />

city of Durban has experienced booms in sectors<br />

such as automotive, ICT, film and call centres. The<br />

promenade now reaches all the way to the harbour<br />

and the Point development will benefit.<br />

Major investments are taking place at the Port<br />

of Durban. The Container Terminal will be expanded<br />

on the back of an investment by an international<br />

port operator. Durban’s conference facilities are<br />

well utilised, but many opportunities still exist<br />

in chemicals and industrial chemicals, food and<br />

beverages, infrastructure development and<br />

tourism. Further south, Margate’s airport and<br />

Port Shepstone’s beachfront are assets.<br />

Western region<br />

Also known as the Midlands, this is a<br />

fertile agricultural region which hosts the<br />

popular annual Royal Show. It produces<br />

sugar cane, fruit, animal products, forestry<br />

and dairy products.<br />

Pietermaritzburg is the provincial capital<br />

and home to a major aluminium producer<br />

along with several manufacturing concerns,<br />

including textiles, furniture, leather goods and<br />

food. The city has good transport links along<br />

the N3 national highway, excellent schools and<br />

a lively arts scene. The Midlands Meander is a<br />

popular tourist destination.<br />

Eastern region<br />

Although most of this area is rural, Richards<br />

Bay is one of the country’s industrial hotspots<br />

because of its coal terminal, port and<br />

aluminium smelters.<br />

The Richards Bay Industrial Development<br />

Zone is a major economic node and mining<br />

is an important sector. The other major<br />

urban centre is Empangeni which has<br />

several educational institutions. The King<br />

Shaka International Airport is adjacent to<br />

the Dube TradePort.<br />

Northern region<br />

The economic powerhouse is Newcastle in<br />

the north-west: coal mining, steel processing<br />

and manufacturing are major activities. Some<br />

old coal mines are being reopened by new<br />

coal companies to cater for the country’s<br />

power stations’ demand for the fuel. Game<br />

farms, trout fishing and hiking are part<br />

of an attractive package for tourists, and<br />

Zululand is a popular destination for cultural<br />

experiences. The region is rich in Anglo-Boer<br />

War history which includes battle sites such<br />

as Islandlwana and Rorke’s Drift. ■<br />

KWAZULU-NATAL BUSINESS <strong>2023</strong>/<strong>24</strong><br />

8<br />

PHOTO: Meropa

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