KZN MEC to launch multi-billion rand investment opportunities

Economic Development, Tourism and Environmental Affairs MEC, Sihle Zikalala. Source: SA Tourism

Tomorrow will see the launch by KwaZulu Natal MEC for Economic Development, Tourism and Environmental Affairs, Sihle Zikalala, of a raft of over R200 billion rand of investment opportunities.

According to a media statement released by the ministry today, these opportunities are expected to “dramatically” change the landscape of the province’s economy over the next few years and will form part of the province’s contribution to the national investment drive recently launched by president Cyril Ramaphosa.

Zikalala said that there was a growing appetite for investment in KwaZulu Natal by both local and international investors and pointed out that the province’s two special economic zones had already attracted billions of rand worth of investment which would create hundreds of new jobs.

“The Dube Trade Port is commencing with phase two, which will create more industrial space for investors as phase one is already fully occupied,” he added. “At the same time, the Richards Bay Industrial Development Zone is playing a crucial role in investment attraction.”

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