Sihle Zikalala
MPL
MEC for Economic Development, Tourism & Environmental Affairs.



It gives me pleasure To launch the KwaZulu-Natal Investment Opportunities Booklet for the 2018/2019 financial year which is the product of a collaborative effort between the private sector, individual project promoters and government.
The booklet contains approximately $19.1 billion worth of investment opportunities that have a potential of creating in excess of 800 000 construction jobs and 415 000 permanent job opportunities over the Next five years. These opportunities are across all priority sectors of this province inclusive of manufacturing, tourism and property development, agro- processing, renewable energy and health care.
As government, we will continue working tirelessly in creating a conducive environment for these investment opportunities to be realised. It is worth noting that our province has gradually moved to being a tertiary-sector economy, with the services sector accounting for more than 60% of the province’s economy. There is however, a strong move to re-industrialise the economy to create much needed employment that would help curb the triple challenge of poverty, unemployment and inequality.
We are indeed delighted to note a growth trajectory with respect to investments flowing into the province to ensure that we continue contributing to South Africa’s socio-economic transformation through various sectors such as manufacturing; petro-chemicals; clothing and textiles; pulp and paper products); finance and real estate; wholesale and retail trade; hotels; transport and communications and as well as agriculture and forestry.
Our efforts to position the province as an ideal location for investment is inspired by the advent of two of Africa’s busiest ports in Durban and Richards Bay, supported by world-class road and rail infrastructure.
KwaZulu-Natal therefore enjoys an exciting strategic and competitive advantage of being a global gateway for trade into Southern Africa region and the rest of the world. Moreover,the province boasts two Special Economic Zones (SEZs) at Dube Trade Port (incorporating King Shaka International Airport) and the Richards Bay Industrial Development Zone which both continue to be flagship instruments that attract a wide range of investments. They also promote and enhance the competitiveness of the province’s manufacturing sector and provide opportunities for exporters located throughout the province to get to the global markets.
As the Provincial Government we have every reason to be confident about a brighter future for people as we continue preparing the province for both domestic and foreign investment essential to grow the economy to unleash more business and employment opportunities. Together, let us make KwaZulu-Natal a winning province.

MESSAGE FROM THE CHIEF EXECUTIVE OFFICER Mr Neville Matjie Ceo trade & investment Kwazulu –Natal



Trade & Investment KwaZulu-Natal (TIKZN) is a South African trade and inward investment promotion agency, established to specifically promote the province of KwaZulu-Natal as a premier investment destination and to facilitate trade by assisting locally-based business enterprises to access international markets. The investment opportunities booklet is one of the tools that has been developed in line with the strategy of showcasing the province to potential investors. The document has been created as an easy reference in identifying packaged projects throughout the province of KwaZulu-Natal with concise project descriptions, information on locations, current status, ownership, return on investment and important project requirement. KwaZulu-Natal is home to South Africa’s second largest economy, with Trade & Investment KwaZulu-Natal geared to promote the Province’s competitive advantages as a world-class business investment destination and to encourage trade by assisting local companies to identify new markets for the export of their products. The organisation is dedicated to creating an environment in the province that is conducive to business development and attractive to both local and international investors. We trust that this intent is supported by this concise listing and impacts on our organisation’s efforts towards the socio-economic advancement of KwaZulu-Natal and its people Trade & Investment KwaZulu-Natal identifies, develops and packages investment opportunities in KwaZulu-Natal; provides a professional investment promotion services to all clientele; brands and markets KwaZulu-Natal as an investment destination; retains and expands trade and export activities and links opportunities to the developmental needs of the KwaZulu-Natal community. Trade & Investment KwaZulu-Natal reaffirms its commitment to promote the investment opportunities which exist in this province and we seize every opportunity to market the KwaZulu-Natal province as the investment destination going forward

SOUTH AFRICA AS AN INVESTMENT DESTINATION

South Africa is one of the world’s most sophisticated emerging markets. The unique combination of a highly developed first world economic infrastructure and a huge emergent market economy has given rise to a strong entrepreneurial and dynamic investment environment. South Africa has achieved a level of macro-economic stability not seen in the country for 40 years. These advances create opportunities for real increases in expenditure and social services and reduce the cost and risk of doing business, thus laying the foundation for increased investment and economic growth. South Africa is one of the world’s top business destinations and is strongly supported by well-developed infrastructure, is equipped with every convenience and delivers the high levels of service expected by the business world. The country is rated 61 among the top ranked globally competitive economies. It is also ranked 47th in business sophistication, which translates to an enviable 44th position in financial markets development in 2018. The country is ranked 10th in investor protection. The Johannesburg Stock Exchange is one of the best regulated stock exchanges world-wide and is ranked the 17th largest stock exchange in the world at 1,1 trillion by market capitalisation and the largest in Africa.

INTRODUCING THE PROVINCE OF KWAZULU-NATAL

KwaZulu-Natal, as the second largest contributor to the country’s GDP, is South Africa’s second largest economy. KwaZulu-Natal has much to offer both local and international investors. One of South Africa’s nine provinces, KwaZulu-Natal has natural and man-made infrastructure, making it a very convenient destination to deliver the high levels of service expected by the business world. The province is strategically located and boasts two of South Africa’s busiest and largest ports, Durban and Richards Bay. It also boasts the highest export propensity and the highest level of industrialisation in the country. It is home to Africa’s first green-field aerotropolis (with Dube TradePort at its heart), world-class road, rail and air infrastructure, fast-growing air connectivity (with new regional and international flights launched annually). Dube TradePort, which is home to King Shaka International Airport, the Inkosi Albert Luthuli International Convention Centre and two of the largest ports on the African continent, provide evidence of the province’s world-class infrastructure. KwaZulu-Natal is a major role-player in the manufacturing, agricultural, transport and logistics sectors in South Africa. The economic structure in this province is based on a large manufacturing sector, in which growth is driven by the paper products industry, ferro-alloys (such as aluminium) and other chemicals. Further significant sub-sectors include motor vehicle and component manufacture, printing and publishing, food and beverage production, non-electrical items, iron and steel, wood furniture, textiles and clothing. It is also a premier domestic and international tourist destination, attracting in excess of two million domestic tourists every year, the highest in the country. Public and private investment in KwaZulu-Natal continues to play a major contributing role to South Africa’s growing economy and its favourable business environment has seen this province emerge as a sound investment destination for investors from around the world

Economic Overview

South Africa KwaZulu-Natal
Official Name Republic of South Africa Province of KwaZulu-Natal
Head of State President Cyril Ramaphosa
Provincial Premier Premier Mr TW Mchunu
Capital Cities Cape Town (Legislative); Pretoria (Administrative); Pietermaritzburg Bloemfontein (Judicial) Pietermaritzburg
Population 57 million (2018) 11,4 million (2018)
Area 1 220 813km2 94 361km2
Total GDP R4,3 trillion (2018) R692 billion
GDP Growth 1,3% (2017) 1,7% (2017)
GDP Per Capita R92, 410 R57, 048
Inflation (EOP) 5,1% (July 2018) 5,1% (July 2018)
Exports Value R1,3 trillion R139,7 billion
Imports Value R1,2 trillion R120,2 billion
Main Trading Partners USA, Japan, China, Germany USA, United Kingdom, China

PROJECT LOCATION
  • eThekwini Metro
    • COMPANY NAME AND BACKGROUND Cato Ridge Logistics Hub Consortium
    • The project is focusing on the proposed establishment of the Cato Ridge Intermodal Facility and the Logistics Hub;
    • Cato Ridge is located 50 kilometres on the western corridor from the Port of Durban. Transnet wishes to reduce congestion in the City of Durban and streamline transportation of cargo through establishing an Intermodal Facility at Cato Ridge;
    • The project is aimed at using rail from the Port of Durban up to Cato Ridge, where trucks can pick up containers earmarked for inland destinations; and
    • This is a private sector and AmaXimba community driven development.
    • PROJECT SECTOR

    • Logistics services and Infrastructure.
    • INVESTMENT VALUE

    • Project value is estimated at R17 billion ( $1.13 billion).
    • NO. OF JOBS TO BE CREATED

    • At full development, the project will yield an estimated 5 000 construction jobs and over 6 000 permanent jobs.
    • DESCRIPTION OF THE PROJECT

    • Project involves development of a logistics hub consisting of an intermodal facility, a truck stop, a logistics park and fuel tank farm.
    • The project will also assist in the decongestion of the Durban Port by railing the cargo from the port to Cato Ridge, thus relieving the Durban Port area and the CBD and N3 out of Durban.
    • FINANCED BY

    • Approximately R100 million ($6.6 million) shareholders funds has been used to date and currently concluding Joint Development Agreements with key development banks.
    • PROJECT STATUS

    • The pre-feasibility study outlining business opportunity is complete;
    • Project basic Environmental Impact Assessment is complete;
    • Preliminary infrastructure design plan is complete;
    • Layout plan included in the Local Area Plan;
    • Preliminary infrastructure design plan complete;
    • Full development Traffic Impact Assessment complete and submitted to SANRAL, Ethekwini and KwaZulu-Natal Department of Transport.
    • PARTNERSHIPS

    • A multi stakeholder Steering Committee including community representatives, private sector and key government departments has been formed.

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