Richard’s Bay being the largest bulk coal terminal in the world (more than 80 million tons of coal a year are routed through the port) TOURISM ATTRACTION STRUCTURED AROUND 8 TOURISM DESTINATIONS INDUSTRY Richards Bay is the centre of operations for South Africa’s aluminium industry. GDPR GROWTH: 0.43% (2016) PER CAPITAL GDPR: R44 779 (2016) CPI: 3.9% (NOVEMBER 2017) EXPORTS: R125.62 BILLION The Richards Bay Coal Terminal is one of the leading coal export terminals in the world and the world’s largest single coal terminal, while Richards Bay Minerals is recognised as a world leader in sand mining and mineral processing operations. The vehicle manufacturing industry has created a considerable multiplier effect in terms of component manufacturing and aftermarket service. The automotive leather industry has grown rapidly, with exports signifi cantly boosting foreign exchange earnings. KwaZulu-Natal has also recently benefi ted from rapid industrialisation, thanks to its abundant labour resources and Sub-Saharan Africa’s economic expansion. Numerous industries are located at Newcastle, Ladysmith, Dundee, Richards Bay, Durban, Hammarsdale, Richmond, Pietermaritzburg and Mandeni. The King Shaka International Airport became operational in May 2010, and planning is progressing aggressively to implement Africa’s fi rst green aerotropolis around this airport. TOURISM Tourism is a key driver of the KwaZulu-Natal economy. The province’s tourism attractions are structured around eight tourism destinations, namely Durban, Dolphin Coast (North), South Coast, Zululand, Pietermaritzburg and Midlands, Drakensberg, Elephant Coast and Battlefi elds. Better known by tourists as the “Zulu Kingdom”, KwaZulu-Natal is a tapestry of warm, subtropical coastal areas, Big Five game reserves, two World Heritage Sites (the uKhahlamba-Drakensberg Park and the Isimangaliso Wetlands Park), authentic cultural routes and world-renowned historical battlefi elds. The province enjoys the lion’s share of the domestic tourism market and a growing share of South Africa’s international tourism market, attracting approximately one-million foreign visitors and 10.9-million domestic tourists annually. Tourism growth is underpinned by innovative tourism marketing, new and existing tourism-product development and a well-established tourism service industry.
SOUTH AFRICAN GATEWAY TO OTHER AFRICAN COUNTRIES The manufacturing sector is geared for export, with nearly a third of South Africa’s manufactured exports being produced in KwaZulu-Natal TWO OF THE LARGEST AND BUSIEST PORTS IN SUB-SAHARAN AFRICA – DURBAN AND RICHARDS BAY REASONS TO INVEST IN KWAZULU-NATAL • Large labour pool • Diverse culture • Idyllic climate • Access to basic services • Excellent infrastructure and logistics • Gateway to other African countries KwaZulu-Natal’s Information Communication and Technology, machinery and equipment sector absorbs roughly half of the total investment fl owing into the region while manufacturing attracts about a third of all investment. Tourism is a key driver of economic growth and an important catalyst for future economic development. INVESTMENT OPPORTUNITIES The province of KwaZulu-Natal offers competitive investment advantages and opportunities, enhancing this region’s status as a preferred investment destination. DUBE TRADEPORT KwaZulu-Natal’s continued success in international trade is enhanced through improved transport and logistics infrastructure. The Dube TradePort, which is home to the King Shaka International Airport, incorporates an industrial development zone and will be linked with the existing seaports of Durban and Richards Bay. This new development will include key components such as a cargo terminal, Tradezone, support zones and the Agrizone. It will present a new-generation, multi-faceted economic hub for the province and the country at large. The multi-nodal, integrated logistics platform bodes well for sustainable job creation and the attraction of further fi xed investment. The expanded capability of the new international airport, a key component of the development, will create enhanced levels of service in the movement of time-sensitive manufactured goods and perishables to the global market.
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