02 FOCUS INTRODUCING THE PROVINCE OF KWAZULU-NATAL KwaZulu-Natal is a coastal province and home to two of Africa’s largest and busiest seaports THE SECOND LARGEST provincial economy has much to offer local and international investors, contributing on average 16% to the national GDP. South Africa is one of the world’s top business destinations and is strongly supported by well-developed infrastructure; the province is equipped with every convenience and delivers high levels of service expected by the business world. South Africa is rated number one in obtaining credit and is also rated among the top 10 in the world in the category of investor protection and good fiscal governance. The World Bank has rated South Africa among the top 35 countries for ease of doing business. It is also regarded as one of the least costly areas in which to establish a business. KwaZulu-Natal is a major role-player in both the manufacturing, transport and logistics sectors in South Africa and is a premier domestic and international tourist destination. Dube TradePort Aerotropolis, which includes King Shaka International Airport, the Inkosi Albert Luthuli International Convention Centre and two of the largest ports on the Sub- Saharan African continent (the ports of Richards Bay and Durban), are proof of the province’s world-class infrastructure. Investment in KwaZulu-Natal continues to emerge as a major contributor to South Africa’s growing economy and its favourable business environment has made the province a sound investment destination for investors around the world.
KWAZULU-NATAL IS AN IMPORTANT HUB OF INDUSTRIAL DEVELOPMENT IN SUB-SAHARAN AFRICA THANKS TO ITS RICH NATURAL RESOURCES AND WELL-DEVELOPED INFRASTRUCTURE. KwaZulu-Natal is located on the Eastern seaboard of South Africa, lapped by the waters of the Indian Ocean. DOING BUSINESS IN KWAZULU-NATAL Capital City Main Cities and Towns Provincial Head Pietermaritzburg Durban, Ladysmith, Newcastle, Port Shepstone, Richards Bay Mr T.W. Mchunu POPULATION: 11.07 MILLION (census – 2017) ECONOMICALLY ACTIVE POPULATION: 3.36 MILLION (Q3 2017) UNEMPLOYMENT RATE: 24.6% MILLION (Q3 2017) AREA: 94 361km 2 REAL GDPR: R489,9 MILLION (2016) ECONOMIC OVERVIEW The province of KwaZulu-Natal has South Africa’s second-largest local economy, contributing 16% to the national economy, and is deemed to be one of the country’s leading economic and business hubs. According to Statistics South Africa’s 2017 population census, the province of KwaZulu-Natal is the second most populous province following Gauteng Province. KwaZulu-Natal is an important hub of industrial development in Sub-Saharan Africa thanks to its rich natural resources and well-developed infrastructure. Economic activities in the province are mainly concentrated around the Port of Durban and the inland city of Pietermaritzburg, with further signifi cant contributions in the Richards Bay/ Empangeni area, the Ladysmith/Ezakheni area and the Newcastle/Madadeni regions, as well as in the Ugu/Port Shepstone region. KwaZulu-Natal is a competitive region for foreign investment, and more especially export opportunities through the Port of Durban. The province has identifi ed prime targets for inward investment, including textiles, clothing, plastic products, chemicals, fabricated-metal products, automotive components, wood and wood products, footwear, machinery and appliances, business process outsourcing and boatbuilding. Of these, primary and processed aluminium at world-competitive prices from local suppliers provides a real opportunity for investors in these sectors.
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