KwaZulu-Natal is the second-largest productive province in South Africa boasting a wealth of investment opportunities. And the KZN South Coast, with its prime location and impressive sector growth, is ready to welcome international and local investors looking for some hidden gems.
“South Coast Tourism and Investment Enterprise [SCTIE] is working with a number of partners and stakeholders to uncover areas with real investment potential,” said Phelisa Mangcu, CEO of SCTIE. “Port Shepstone, as the region’s economic hub, provides the perfect starting point for access into the local economies, from real estate, agriculture and manufacturing to tourism and the ocean economy. We believe there are many reasons that make this an attractive region for investment, among them our favourable exchange rate, the low cost per square metre of real estate, our human capital and the impressive coastal real estate options available.”
Investment opportunities uncovered
Agriculture and aquaculture are two areas with massive growth potential such as the R10-million Madlala Agriculture Project, a cash crop development awaiting suitable investors. Then there’s the R18.4-million Amandawe Aquaculture Facility for the production of vegetables, herbs and fish in KwaCele Tribal Authority.
With the KZN South Coast a major contributor to South Africa’s billion-rand sugar industry, and macadamia farming fast becoming a leading contributor to the country’s exports, investors would do well to consider the KwaXolo Community Project / Mkoba Macadamia Farm start-up. Key partners in this project are owners of Outlook Farm, the Packhams, and the South African Cane Growers’ Association who have provided farmers with agricultural input and extension support, ensuring that the project is sustainable and best practice is maintained.
Real estate development is another profitable sector with the KZN South Coast’s subtropical climate and seaside location making it a prime destination. In Umntetweni, the R163-million John Manson Park provides an investment opportunity for those with long-term vision. This involves the development of residential units, a 1 000-seater conference facility, level offices, a 100-room hotel, an amphitheatre, a waterpark, a public auditorium and restaurant facilities. SCTIE will oversee the implementation of the project, from concept to completion.