KwaZulu-Natal to unveil investment opportunities worth more than R200 billion
The KwaZulu-Natal MEC for Economic Development, Tourism and Environment affairs, MrSihleZikalala will on Friday, 12 October 2018, unveil a raft of investment opportunities which are expected to dramatically change the landscape of this coastal province’s economy over the next few years.
Commenting ahead of the announcement, MrZikalala said the multi-billion rand investments were part of KwaZulu-Natal’s contribution to the national investment drive launched by President Cyril Ramaphosa recently.
As the provincial government and business leaders, we have committed ourselves to the attainment of this noble goal by packaging investment opportunities which will be submitted to the central government on Friday. We are confident that these projects will propel our economy to greater heights.
He further said there was a growing appetite for local and international companies to invest in the province, adding that KwaZulu-Natal’s two special economic zones had attracted billions of rand worth of investments destined to create hundreds of jobs.
The Dube Trade Port is commencing with Phase Two which will create more industrial space for investors as Phase One is already fully occupied. At the same time the Richards Bay Industrial Development Zone is playing a crucial role in investment attraction.
Source: Government of South Africa