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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| | 10 REASONS<br />
WHY YOU SHOULD INVEST IN SOUTH AFRICA<br />
01.<br />
HOT EMERGING<br />
MARKET<br />
Growing middle class, affluent consumer<br />
base, excellent returns on investment.<br />
02.<br />
MOST DIVERSIFIED<br />
ECONOMY IN AFRICA<br />
South Africa (SA) has the most industrialised economy in Africa.<br />
It is the region’s principal manufacturing hub and a leading<br />
services destination.<br />
LARGEST PRESENCE OF MULTINATIONALS<br />
ON THE AFRICAN CONTINENT<br />
SA is the location of choice of multinationals in Africa.<br />
03.<br />
Global corporates reap the benefits of doing business in<br />
SA, which has a supportive and growing ecosystem as a<br />
hub for innovation, technology and fintech.<br />
05.<br />
FAVOURABLE ACCESS TO<br />
GLOBAL MARKETS<br />
ADVANCED FINANCIAL SERVICES<br />
& BANKING SECTOR<br />
SA has a sophisticated banking sector with a major<br />
footprint in Africa. It is the continent’s financial hub,<br />
with the JSE being Africa’s largest stock exchange by<br />
market capitalisation.<br />
The African Continental Free Trade Area will boost<br />
intra-African trade and create a market of over one<br />
billion people and a combined gross domestic product<br />
(GDP) of USD2.2-trillion that will unlock industrial<br />
development. SA has several trade agreements in<br />
place as an export platform into global markets.<br />
07.<br />
YOUNG, EAGER LABOUR FORCE<br />
09.<br />
SA has a number of world-class universities and colleges<br />
producing a skilled, talented and capable workforce. It<br />
boasts a diversified skills set, emerging talent, a large pool<br />
of prospective workers and government support for training<br />
and skills development.<br />
04.<br />
06.<br />
08.<br />
PROGRESSIVE<br />
CONSTITUTION<br />
& INDEPENDENT<br />
JUDICIARY<br />
SA has a progressive Constitution and an independent judiciary. The<br />
country has a mature and accessible legal system, providing certainty<br />
and respect for the rule of law. It is ranked number one in Africa for the<br />
protection of investments and minority investors.<br />
ABUNDANT NATURAL<br />
RESOURCES<br />
SA is endowed with an abundance of natural resources. It is the leading producer<br />
of platinum-group metals (PGMs) globally. Numerous listed mining companies<br />
operate in SA, which also has world-renowned underground mining expertise.<br />
WORLD-CLASS<br />
INFRASTRUCTURE<br />
AND LOGISTICS<br />
A massive governmental investment programme in infrastructure development<br />
has been under way for several years. SA has the largest air, ports and logistics<br />
networks in Africa, and is ranked number one in Africa in the World Bank’s<br />
Logistics Performance Index.<br />
10.<br />
SA offers a favourable cost of living, with a diversified cultural, cuisine and<br />
sports offering all year round and a world-renowned hospitality sector.<br />
EXCELLENT QUALITY<br />
OF LIFE<br />
Page | 2<br />
19<br />
SOUTH AFRICAN BUSINESS 2020
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