E S T 1 8 5 6 The Durban Chamber of Commerce and Industry NPC was established in 1856 and is the oldest and largest metropolitan chamber in Africa. As a business-based and eThekwini business community. The Durban Chamber does this by: policy decisions that affect the interests of business (labour laws, tax and business • Offering business support services and advice (CIPC, Human Resources/Capital, more); and with both private and public sector. relevant to decision-making process. CONTENTS Energy 36 eThekwini plans to sign up independent power producers. Construction and property 37 R6-billion business and logistics park for Umhlanga. Water 38 Bulkwater schemes are coming on line. Tourism 40 Resumed flights augur well for the economy. ICT 41 Infrastructure has to be rebuilt after severe flooding. Manufacturing 42 Sappi’s giant plant at Umkomaas is set to grow again. Education and training 44 New streams are being introduced at schools. Development finance and SMME support 46 Billion-rand plan to transform the sugar industry will benefit the SMME sector. Banking and financial services 48 Financing of infrastructure is becoming a priority. References Key sector contents 22 Overviews of the main economic sectors of KwaZulu-Natal. rate r connectedKZN@mtn.com KWAZULU-NATAL BUSINESS THE GUIDE TO BUSINESS AND INVESTMENT IN KWAZULU-NATAL 2022/23 KWAZULU-NATAL BUSINESS THE GUIDE TO BUSINESS AND INVESTMENT IN THE KWAZULU-NATAL PROVINCE JOIN US ONLINE 2022/23 EDITION WWW.GLOBALAFRICANETWORK.COM | WWW.KWAZULUNATALBUSINESS.CO.ZA DURBAN CHAMBER OF COMMERCE AND INDUSTRY NPC ABOUT THE DURBAN CHAMBER OF COMMERCE AND INDUSTRY NPC ABOUT THE COVER: Top left then clockwise to the right: Mark Harpour on Unsplash; Mondi; International Convention Centre; Transnet Port Terminals; Bell Equipment; Durban, Captureson Photography on Unsplash; rhinos, Kevin Folk on Unsplash.
KwaZulu-Natal Business A unique guide to business and investment in KwaZulu-Natal. FOREWORD Credits Publishing director: Chris Whales Editor: John Young Managing director: Clive During Online editor: Christoff Scholtz Designer: Tyra Martin Production: Yonella Ngaba Ad sales: Gavin van der Merwe Sam Oliver Tahlia Wyngaard Tennyson Naidoo Gabriel Venter Vanessa Wallace Shiko Diala Administration & accounts: Charlene Steynberg Kathy Wootton Distribution and circulation manager: Edward MacDonald Printing: FA Print 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. To complement the extensive local, national and international distribution of the print edition, the full content can also be viewed online at www.kwazulunatalbusiness.co.za. Updated information on KwaZulu-Natal is also available through our monthly e-newsletter, which you can subscribe to online at www.gan.co.za, in addition to our complementary business-tobusiness titles that cover all nine provinces, our flagship South African Business title and the addition to our list of publications, African Business, which was launched in 2020. ■ Chris Whales Publisher, Global Africa Network Media | Email: firstname.lastname@example.org DISTRIBUTION KwaZulu-Natal Business is distributed internationally on outgoing and incoming trade missions, through trade and investment agencies; to foreign offices in South Africa’s main trading partners around the world; at top national and international events; through the offices of foreign representatives in South Africa; as well as nationally and regionally via chambers of commerce, tourism offices, airport lounges, provincial government departments, municipalities and companies. Member of the Audit Bureau of Circulations COPYRIGHT | KwaZulu-Natal Business is an independent publication published by Global Africa Network Media (Pty) Ltd. Full copyright to the publication vests with Global Africa Network Media (Pty) Ltd. No part of the publication may be reproduced in any form without the written permission of Global Africa Network Media (Pty) Ltd. PHOTO CREDITS | Bosch Holdings; Department of Forestry, Fisheries and the Environment; Dormac; Dube TradePort; Engie Peakers Operations; Enterprise iLembe; Hesto Harnesses; Hillside Aluminium; KZN Department of Education; RBCT; Richards Bay Minerals; SA PUBLISHED BY Global Africa Network Media (Pty) Ltd Company Registration No: 2004/004982/07 Directors: Clive During, Chris Whales Physical address: 28 Main Road, Rondebosch 7700 Postal address: PO Box 292, Newlands 7701 Tel: +27 21 657 6200 | Fax: +27 21 674 6943 Email: email@example.com | Website: www.gan.co.za ISSN 1995-1310 Canegrowers Assocation; Sappi; Sapref; The Brickworks; Transnet National Ports Authority; Qatar Airways; UCL Tetra Pak; Umgeni Water. DISCLAIMER | While the publisher, Global Africa Network Media (Pty) Ltd, has used all reasonable efforts to ensure that the information contained in KwaZulu-Natal is accurate and up-to-date, the publishers make no representations as to the accuracy, quality, timeliness, or completeness of the information. Global Africa Network will not accept responsibility for any loss or damage suffered as a result of the use of or any reliance placed on such information.