2 years ago

KwaZulu-Natal Business 2021-22

  • Text
  • Harbours
  • Ports
  • Africa
  • Southafrica
  • Kwazulunatal
  • Business
  • Investment
  • Infrastructure
  • Export
  • Ilembe
  • Industrial
  • Province
  • Provincial
  • Economic
  • Sector
  • African
  • Municipality
  • Durban
The 2021/22 edition of KwaZulu-Natal Business is the 13th issue of this unique guide to business and investment in KwaZulu-Natal Province in South Africa. Launched in 2008, this annual journal has established itself as the premier business and investment guide for the province. In addition to the regular articles providing insight into each of the key economic sectors of the province, there is a special report on the prospect of increasing exports on the back of the signing of a continental free trade agreement. The province’s export infrastructure is examined and the diversity and export successes of several companies in a wide range of sectors are noted. The increasing importance of the Oceans Economy to the future of the provincial and national economy is relevant to any examination of the economy of KwaZulu-Natal. This applies as much to trade and ship-repair as it does to the exciting gas discoveries which have been made off the coast of Mozambique and South Africa. To complement the extensive local, national and international distribution of the print edition, the full content can also be viewed online at Updated information on KwaZulu-Natal is also available through our monthly e-newsletter, which you can subscribe to online at


TRANSFORMING TO A PLATFORM Standard Bank is investing heavily in digital transformation. What we do At Standard Bank we have begun the important journey towards being a platform business which provides a holistic ecosystem of products and services to our customer. This is driven by extensive investments in digital transformation, partnerships, and modern and advanced ways of working. We have entrenched new, more effective, and agile ways of working with cross-functional teams that embrace a growth mindset and who are constantly hungry to learn new skills. Investments in technology infrastructure have taken us towards being a platform provider and we continue to invest to complete this transformation. KwaZulu-Natal Standard Bank’s commercial success, social relevance and sustainability depends on having a deep understanding of our clients’ business. This places a responsibility on us to focus on solving for the customer in everything we do. Imraan Noorbhai, Head Consumer Client Coverage Hameed Noormahomed, Head Business Clients Coverage Nathan Govender, Head Commercial Client Coverage Image by Caspar Camille Rubin on Unsplash

Key sectors Our Business Clients segment strategically spans the entire KwaZulu-Natal, across all municipal boundaries covering key sectors such as Public Sector, Education, Agriculture, Franchising, Shari’ah, Chinese Banking and an Africa China Agent Proposition. Through our dedicated, specialised and highly-skilled teams, we can deliver a holistic customer-value proposition to our Business and Small Enterprise Banking clients as their trusted advisors. Our Commercial Banking segment offers holistic banking solutions across sectors to mid-corporate entities including growth opportunities into African and Chinese markets. Through our extensive network in Africa, China (in partnership with ICBC) and global strategic banking relationships, we work to understand the needs of our clients and to provide trusted advice and appropriate solutions that consider the risks, regulatory environment and realities in these markets. Our Consumer and High Net Worth Division aims to deliver a Universal Financial Services Offering with a wide range of solutions that are tailored to suit individual client needs throughout all journeys in their lives. Our solutions range from Student Banking to Young Professionals, Elite, Prestige and Private Banking as well as High Net Worth Individuals. Standard Bank Insurance, Assets Management and Fiduciary Services in KwaZulu-Natal seamlessly deliver customised solutions to our clients to protect, grow and manage their individual needs. Our purpose is to provide peace of mind by enabling our clients to achieve their personal ambitions through best of breed solutions through the various businesses within the Group: Insurance (Standard Bank Financial Planning Services, Standard Bank Insurance Brokers, Standard Bank’s Direct Life Insurance Services), Assets Management (Investment Planning, Offshore Investing, Online Share Trading) and Fiduciary Services (Estate Planning, Wills Drafting and Safe Keeping, Estate Administration, and Trust Services and Beneficiary Care). What matters most Focussing on what matters most to our clients lies at the heart of our business. Standard Bank KwaZulu-Natal is constantly striving to create exceptional client experiences which are built on confidence, trust, thought leadership and an unwavering commitment to solutioning for our clients’ needs in the most appropriate way. Our heritage and intimate knowledge of the region and its socio-economic circumstances combined with the knowledge and expertise of our team of bankers and the wide range of services on offer means Standard Bank KwaZulu- Natal is perfectly placed to realise our vision of being the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value. ■ Sidney Reddy, Head Business Clients, Region Coverage Jean Hattingh, Head Consumer Clients, Region Coverage Mano Singh, Head Insurance, Assets Management & Fiduciary

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