KwaZulu-Natal Business 2016-17 edition
The 2016-17 edition of KwaZulu-Natal Business is the eighth issue of this highly successful publication that, since its launch in 2008, has established itself as the premier business and investment guide to the KwaZulu-Natal province in South Africa. The province is unique in terms of its abundant natural and human resources, and is also one of the key drivers behind the South African economy. To complement the extensive local, national and international distribution of the print edition of the magazine (15 000 copies), 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.globalafricanetwork.com, in addition to our other business-to-business titles that cover all nine provinces, complemented by our flagship publication, South African Business.
The 2016-17 edition of KwaZulu-Natal Business is the eighth issue of this highly successful publication that, since its launch in 2008, has established itself as the premier business and investment guide to the KwaZulu-Natal province in South Africa.
The province is unique in terms of its abundant natural and human resources, and is also one of the key drivers behind the South African economy.
To complement the extensive local, national and international distribution of the print edition of the magazine (15 000 copies), 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.globalafricanetwork.com, in addition to our other business-to-business titles that cover all nine provinces, complemented by our flagship publication, South African Business.
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OVERVIEW<br />
Manufacturing<br />
<strong>KwaZulu</strong>-<strong>Natal</strong> makes aluminium, steel, chemicals, vehicles and footwear.<br />
SECTOR HIGHLIGHTS<br />
Hulamin spent nearly a billion<br />
rand on expanding capacity.<br />
• Marine manufacturing is<br />
set to grow.<br />
• Ladysmith-based Canvas<br />
and Tent were Exporters<br />
of the Year in 2014/15.<br />
• Samsung is building a<br />
television factory.<br />
The estimated export value of <strong>KwaZulu</strong>-<strong>Natal</strong> business in<br />
2014 was R112.4-billion, according to the MEC of Economic<br />
Development, Tourism and Environmental Affairs, Michael<br />
Mabuyakhulu. The sector contributes 16.5% to the provincial<br />
gross domestic product (GDP).<br />
The strongest export sectors are base-metals (32% including aluminium),<br />
mineral products such as ores, vehicles and chemical products.<br />
Manufacturing contributes 21.5% of the gross regional product<br />
(GRP).<br />
An area of anticipated growth and a focus of policy interventions<br />
is in the marine manufacturing sector. Sectors such as oil and gas,<br />
ship-building and rig repair are being targeted.<br />
In 2015 the Richards Bay Industrial Development Zone (RBIDZ)<br />
welcomed SPS Manufacturing (Pty) Ltd, a pipe manufacturer which<br />
will invest R300-million in uMhlathuze, in so doing creating 87 permanent<br />
jobs.<br />
Investment agency Trade and Investment <strong>KwaZulu</strong>-<strong>Natal</strong> brokered<br />
R1.7-billion in new investment in the province in 2014/15, much of it in<br />
the manufacturing sector, and the Services SETA set aside R41-million to<br />
encourage young entrepreneurs<br />
to make things.<br />
Samsung Electronics South<br />
Africa is spending $20-million on<br />
a television manufacturing plant<br />
in the Dube TradePort.<br />
Hulamin is a leader in the sophisticated<br />
aluminium finishedproduct<br />
sector. The company<br />
makes rolled products at Edendale,<br />
Pietermaritzburg and at Camps<br />
Drift, while its Pietermaritzburg<br />
facility for making extrusions is<br />
one of three in the country. The<br />
company's expenditure of R970-<br />
million has expanded its rolledproducts<br />
capacity.<br />
The <strong>KwaZulu</strong>-<strong>Natal</strong> Clothing<br />
and Textile Cluster is upbeat<br />
about the sector in the province<br />
because of the support<br />
of the national Department of<br />
Trade and Industry’s Competitive<br />
Improvement Programme (CTCIP).<br />
The Textile and Clothing Unit<br />
within the Industrial Development<br />
KWAZULU-NATAL BUSINESS <strong>2016</strong>/<strong>17</strong><br />
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