01.09.2023 Views

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.

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 />

Women in Farming participants on a butternut field in Empolweni.<br />

generation will be an important part of that. Neither of the Big Two<br />

companies relies exclusively on South African sugar earnings: the<br />

troubled Tongaat Hulett has a big property portfolio and Illovo draws<br />

most of its profit from operations elsewhere in Africa.<br />

A start has been made on tackling the many challenges faced<br />

by the sugar industry: the Sugarcane Value Chain Master Plan 2030<br />

has been signed by two national government ministers and various<br />

sector participants. An important part of the transformation of the<br />

sugar industry involves supporting small-scale farmers. Of the 10 443<br />

farmers who supply Tongaat Hulett, 94% are small-scale farmers. The<br />

Illovo Small-Scale Grower Cane Development Project used 119 local<br />

contractors to develop the fields of 1 630 new growers on 3 000ha.<br />

SA Canegrowers represents 23 866 growers and is responsible<br />

for the production of 18.9-million cane tons. The Sugar Terminal at<br />

Maydon Wharf, Durban, serves 11 mills and can store more than halfa-million<br />

tons of sugar. It also has a molasses mixing plant.<br />

Agricultural assets<br />

Of <strong>KwaZulu</strong>-<strong>Natal</strong>’s 6.5-million hectares of agricultural land, 18% is<br />

arable and the balance is suitable for the rearing of livestock. The<br />

ONLINE RESOURCES<br />

<strong>KwaZulu</strong>-<strong>Natal</strong> Agricultural Union: www.kwanalu.co.za<br />

Milk Producers Organisation: www.mpo.co.za<br />

South African Cane Growers’ Association: www.sacanegrowers.co.za<br />

South African Sugar Association: www.sasa.org.za<br />

province’s forests occur mostly<br />

in the southern and northern<br />

edges of the province.<br />

The coastal areas<br />

lend themselves to sugar<br />

production and fruit, with<br />

subtropical fruits doing<br />

particularly well in the north.<br />

<strong>KwaZulu</strong>-<strong>Natal</strong> produces 7% of<br />

South Africa’s citrus fruit. The<br />

Coastal Farmers Co-operative<br />

represents 1 400 farmers.<br />

TWK is a R6-billion operation<br />

that originated in forestry<br />

but which is now a diverse<br />

agricultural company with<br />

seven operating divisions. It<br />

has 19 trade outlets in the<br />

province and 21 in Swaziland<br />

and Mpumalanga.<br />

Beef originates mainly in the<br />

Highveld and Midlands areas,<br />

with dairy production being<br />

undertaken in the Midlands and<br />

south. The province produces<br />

18% of South 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. Vegetables grow<br />

well in most areas, and some<br />

maize is grown in the northwest.<br />

Nuts such as pecan and<br />

macadamia thrive.<br />

Enterprise iLembe, the<br />

development arm of the iLembe<br />

District Municipality, is looking<br />

for investors to further develop<br />

an agro-processing hub near<br />

the King Shaka International<br />

Airport and Dube TradePort. ■<br />

PHOTO: Sisekelo Duma<br />

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

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

Saved successfully!

Ooh no, something went wrong!