DO BUSINESS IN KZN… HERE’S WHY
KwaZulu-Natal (KZN) is the place to do business and we are going to tell you why. Historically, KZN has always been a key component of the economy in South Africa. This has been due to the fact that the province has an abundance of resources, effective governance, solid infrastructure, an economy that thrives and an excellent lifestyle.
Location, location, location! Located on the eastern coast of South Africa, KZN is home to two of Africa’s gateways to the sea-lines of the rest of the world; Durban and Richards Bay ports. These ports are the busiest in Southern Africa with regards to handling cargo by bulk and value respectively. It is estimated that 70% of goods that come through Durban port are sent to other provinces. These ports create a competitive advantage for the province and allows for KZN to position itself to be able to increase global market share.
When looking at the governance in KZN, the provincial government is committed to stability and effectiveness. Sustainable economic growth in the province is created by the drive to provide infrastructural and other economic development opportunities.
There is currently a range of business offering a variety of products and services, from small scale businesses to major industries such as vehicle manufacturing. Following Gauteng, KZN is South Africa’s second largest contributor to the GDP. In certain respects, the KZN economy outperforms other provinces. It is safe to say that KZN has a superb economic growth rate.
KZN’s infrastructure is currently well-developed and continues developing. Do business with a province which has exceptional roads, railways and telecommunications, a full spectrum of professional services which is complimented by a financial and commercial business structure. Business premises such as factory buildings, modern business parks and custom-built factories built to spec are available. The King Shaka International Airport was named Africa’s best regional airport in the 2011 Skytrax Airport award, and while it provides for domestic and international arrivals and departures, it also incorporates a 36-ha trade zone; The Dude Tradeport.
The Dude Tradeport includes a cargo terminal, warehousing and light manufacturing facilities as well as a perishables centre.
KZN is a key role player with regards to resource based economies, especially with base metals. The province is knows for its sub-tropical climate and excellent rainfall which allows for some of the most fertile land for agriculture. KZN is the country’s leaders for products such as dairy and stock-farming produce, wood, sugar cane, oranges, bananas, mangoes and other tropical fruit. Forestry is also a large part of the provinces income.
The economic opportunity in KZN is astounding. After Gauteng, KZN’s diversified manufacturing sector is the second largest in the country with nearly a third of South Africa’s manufactured exports are being produced in the province. Large, globally competitive manufacturers operate in the province with corporations involved in vehicle and vehicle parts, forestry products, chemicals, and food and beverages, and metals.
KZN attributes including its sunshine and relaxed lifestyle offer an unmatchable combination of assets. The province has great accommodation facilities, excellent beaches, game parks with the big five and splendid mountains. Two World Heritage Sites – the Isimangaliso Wetland Park and the Ukhahlamba Drakensberg Park are located here. The excellent climate allows many sport and leisure opportunities and a range of business opportunities has grown to meet the demand of these markets. Famous international sporting events such as the Comrades Marathon, the Duzi Canoe Marathon, the Mr Price Pro Surfing Competition, the Midmar Mile (the world’s largest inland ultra-swim), Vodacom July Handicap Horse Racing (along with its trendy fashions) and test matches in rugby, cricket and soccer attract spectators and interest globally. The opportunities to enjoy art and cultural activities in KZN are endless and there is something to suit everyone’s tastes.
Do business in KZN, because KZN has it all! Believe it.