The 2019 edition of South African Business is the seventh edition of this annual guide to business and investment in South Africa.
Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as Special Economic Zones and African trade provide unique insights, together with comprehensive overviews of critical economic sectors. Other special features focus on the exciting new possibilities in renewable energy, airports as engines of regional growth and the maritime sector as an entirely new prospect for South African entrepreneurs and businesses.
South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed at www.globalafricanetwork.com
New team boosts
New team boosts Durban’s prospects A lifestyle of business and pleasure together, Durban has the perfect mix for investors. Team Durban has a new and dynamic team to drive investment into the city. In September 2018, eThekwini Mayor Zandile Gumede inducted the new members of Team Durban. The team will provide strategic Foreign Direct Investment (FDI) advice to the city leadership and the new Invest Durban Unit on business and investment promotion matters. Mayor Gumede thanked the newly nominated members of the team for agreeing to help accelerate investment growth while looking to improve the business environment of the city region. The Deputy City Manager of Economic Development and Planning Phillip Sithole will provide liaison and administrative support to Team Durban. Sithole will also provide progress reports to council on the functioning and outputs of Team Durban. Members of the Team Durban Advisory Forum from the Municipality comprise eThekwini Mayor Zandile Gumede, who will serve as the Chairperson of the Forum, Chairperson of the Economic Development and Planning Committee Sipho Kaunda, and City Manager Sipho Nzuza. The external members are representatives of some the biggest business in the city as well as representatives from civil society, including youth and academia. They are: Suben Moodley, Senior Vice President for Corporate Affairs Toyota South Africa; Mike Deighton, Managing Director Tongaat Hulett Developments; Themba Ngcobo, Founder and Director Exel Petroleum; Musa Makhunga, Managing Director of HR Matters and President of the Durban Chamber of Commerce and Industry; Sandile Zungu, Corporate Director Zungu Investments Company Limited (ZICO); Steven Saad, Chief Executive of Aspen Pharmacare; Mlungisi Ntombela, General Manager eThekwini Disability Sport Forum; Faisal Mkhize, KZN Provincial Managing Executive of Absa; Zanamuhla Khanyile, Department of Correctional Services; Samukelisiwe Nzimande, Managing Director K2M Financial Services; Howard Arrand, Provincial Head FNB; Manto Madlala, acting CEO Premier Soccer League; Thulisa Ndlela Chair of Ayigobi Investments. The non-executive members have been appointed to serve on Team Durban for a period of three years effective from 1 July 2018 to 30 June 2021.
Their service will be on a voluntary basis but the municipality will cover their travel and accommodation expenses where required and in accordance with travel policy. At the function to introduce the new team, Russell Curtis, Head of Department, Invest Durban said, “Team Durban marks the further sophistication of the city.” He explained that the goal of Team Durban was to improve partnerships and strengthen relationships between different sectors in society. This forum he said was a significant step change for Durban and in line with global best practice. INVEST IN DURBAN Durban’s investment agency has a refreshed brand name of “Invest Durban”. A partnership between the Metro City Council and the private business sector, Invest Durban offers a free investor advisory service plus key promotion, facilitation, aftercare services between all investment stakeholders. Invest Durban was recommended by the Durban City Council and organised private business as the “First Stop Shop” to stimulate economic growth and new investment in the Durban metropolis. Main Purpose To facilitate sustainable investment in Durban for the benefit of all through the: • expansion, retention and aftercare of existing foreign corporate business • proactive investment promotion and marketing of Durban Metro • proactive connection to, and marketing of the city’s large investment projects • attraction of prospective new foreign investors Invest Durban works closely with the Department of Trade and Industry including Invest SA, Trade and Investment KZN (TIKZN), the Durban Chamber of Commerce and Industry, the KZN Growth Coalition, and State-Owned-Enterprises such as Dube TradePort, the DBSA, IDC, Eskom and others. Key partners include the largest banks, audit and advisory firms, plus sector-based organised business bodies working in concert to promote investment in Durban. Physical address: Invest Durban, eThekwini Municipality 11th Floor, 41 Margaret Mncadi Avenue Durban 4001, South Africa Tel: +27 31 311 4227 Email: invest@durban.gov.za Website: www.invest.durban
