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KwaZulu-Natal Business 2022-23

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The 2022/23 edition of KwaZulu-Natal Business is the 14th issue of this highly successful publication that, since its launch in 2008, has established itself as the premier business and investment guide for the KwaZulu-Natal Province. In addition to the regular articles providing insight into each of the key economic sectors of the province, there is a special feature on national government’s campaign to encourage private investment in ports. The vital role of the ports of Durban and Richards Bay in the South African economy cannot be understated and putting them in a better position to deal with commodities and cargoes of every sort is clearly in the national interest. A special purpose vehicle is to be created within Transnet to make dealing with private companies less complicated. 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.

KEY SECTORS Overviews of

KEY SECTORS Overviews of the main economic sectors of KwaZulu-Natal Agriculture 28 Forestry and paper 30 Mining 31 Engineering 32 Oil and gas 33 Energy 36 Construction and property 37 Water 38 Tourism 40 ICT 41 Manufacturing 42 Education and training 44 Development finance and SMME support 46 Banking and financial services 48 Feasibility studies are underway on constructing a plant to produce furfural at Sappi’s already large Saiccor Mill at Umkomaas. The pilot plant will be erected in the course of 2022. Sappi’s two South African mills and its US plant are responsible for the company being the world’s largest manufacturer of dissolving pulp. The product is used in a wide range of consumer products, especially for viscose staple fibre (VSF), which is used in clothing and textiles. Credit: SAPPI

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