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KwaZulu-Natal Business 2020-21 edition

  • Text
  • Invest
  • Africa
  • Tourism
  • Development
  • Property
  • Infrastructure
  • Africa
  • Logistics
  • Transportation
  • Business
  • Investment
  • Port
  • Nedbank
  • Economic
  • Province
  • African
  • Durban
The 2020/21 edition of KwaZulu-Natal Business is the 12th issue of this unique 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 vital role played by ports in the province, from the coal exported from Richards Bay to the new cruise liner terminal addition to the Port of Durban. The 10th anniversary of the 2010 FIFA World Cup coincides with the birthday of the Moses Mabhida Stadium, an iconic design that has become a standard feature on the KwaZulu-Natal sporting and events calendar. Likewise the Durban ICC which continues to burnish the province’s reputation as meetings and convention centre.

OVERVIEW Tourism Hotel

OVERVIEW Tourism Hotel groups are investing in new properties and refurbishment. Moses Mabhida Stadium. Image: Kevin Sawyer A dventures don’t come more hair-raising than throwing yourself into the void above a sports stadium, but that’s what thousands of visitors to the Moses Mabhida Stadium have been doing for a decade. The SkyCar, a funicular trip over the top of the roof, is under repair but bungy-jumping is still very popular, as is the “Adventure Walk” on the south side of the stadium. The 56 000-capacity stadium is home to a professional soccer team and forms part of a sporting precinct that includes the province’s professional rugby franchise, the Kings Park Stadium, and has greatly increased KwaZulu-Natal’s ability to host big events such as the Fact Durban Rocks and the Monster Jam. The other major events asset in the province’s largest city is the Durban International Convention Centre (Durban ICC). A major international football conference was due to be held at the venue in March 2020, with the FIFA secretary-general slated to speak. However, the global health scare related to the Covid-19 virus saw that event (and many others) postponed or cancelled. The 2019 Africa’s Travel Indaba attracted 342 first-time buyers out of a total of 1 663 buyers from more than 80 countries, cementing the event as a major date on the tourism industry’s calendar. The meetings, incentives, conference and exhibition sector (MICE) is a priority sector for the provincial government. The Convention Bureau has booked dozens of events and conferences since 2012, bringing more than R3-billion into the provincial economy. More than 7 000 delegates are annually attracted to Africa’s Travel Indaba Sector Insight Moses Mabhida Stadium has become an iconic symbol of KwaZulu-Natal. to exhibit South Africa’s assets to international tour operators. The city has secured the Indaba until 2022. A number of new initiatives are expanding options for visitors. These include the creation of a new Cruise Terminal (dealt with separately in this journal), the development of caves at Ngodini and Ndumo, and the upgrading of the Mandela Capture Site near Howick. Another potential growth area is health tourism. Upwards of seven-million people travel the world annually for procedures, and South Africa is well placed to receive a percentage of this KWAZULU-NATAL BUSINESS 2020/21 36

OVERVIEW market. Richards Bay has hosted a conference on issues such as investment, training and the development of products for this growing sector. The combined contribution of retail and tourism to provincial GDP is 14%. Hotels Research by Tourism KwaZulu- Natal shows that the coastal province consistently has the best hotel occupancies in the country. Tsogo Sun spent R1.6-billion on refurbishing its Suncoast complex on Durban’s Golden Mile. Suncoast Casino Hotels & Entertainment covers a huge area and offers a wide variety of entertainment options. The recent upgrade included the addition of seven new restaurants, new retail outlets, a new theatre and an event venue, and increased space at the casino. More underground parking was created and the whole complex was given a fresh look. Tsogo Sun has four other hotels on the Golden Mile and six hotels in Durban with a further four in nearby Umhlanga, where one of the group’s most luxurious hotels, the 89-room Beverly Hills, is located. A “megahotel” was created with the amalgamation of the Southern Sun North Beach and Southern Sun Elangeni hotels. Premier Hotels & Resorts will spend about R420-million on two new hotels at Umhlanga. Currently under construction, the hotel complex is located alongside the Gateway Theatre of Shopping next to Umhlanga Ridge. The four-star Premier Hotel will have 130 rooms while the three-star Splendid Inn by Premier will be equipped with 64 bedrooms. The group has hotels and resorts in six provinces. A new Radisson Blu Hotel will open in Umhlanga Rocks as part of the ambitious R3-billion Oceans Umhlanga development. Some construction work has been halted because of problems experienced by construction companies, but it seems that the hotel and the shopping mall sections of the planned complex are going ahead. A 207-room Hilton Garden Inn planned to be operating at Umhlanga Arch in 2020. Hilton Durban acquired a new owner in 2018 when Bin Otaiba Hotels bought it, together with four hotels in Johannesburg, Port Elizabeth and Cape Town. The upgrading of the Point area between the beach and the Port of Durban has resulted in major investments. The Docklands Hotel at the Durban Waterfront is a four-star Signature development that cost about R100-million to develop. The Royal Hotel in the heart of Durban is one of eight Three Cities Group hotels in the province. The Golden Horse Casino Hotel is a Three Cities property, and the Group administers the International Hotel School in Westville that is also hosts the Christine Martin School of Food and Wine. Drakensberg Amphitheatre. IFA Hotels & Resorts runs several luxury properties including the Zimbali Coastal Resort and Zimbali Lakes Resort. Signature Life Hotels has 13 properties and Gooderson Leisure has a varied portfolio. Sibaya Casino and Entertainment Kingdom, a Sun International property, is north of Durban between Umdloti and Umhlanga. The casinos in Newcastle (Century City), Empangeni (Tusk Umfolozi Casino) and Pietermaritzburg (Golden Horse Casino) are run by Century Casinos Newcastle, Peermont Global and Akani Msunduzi Management respectively. ■ Online Resources Durban International Convention Centre: www.icc.co.za Ezemvelo KZN Wildlife: www.kznwildlife.com Moses Mabhida Stadium: www.mmstadium.com Tourism KwaZulu-Natal: www.zulu.org.za 37 KWAZULU-NATAL BUSINESS 2020/21

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