South Africa has a host of appealing competitive advantages. It remains the continent’s second-largest economy – benefitting from a large manufacturing base, more than $2.5trn worth of metal and mineral deposits, and one of the most robust financial sectors in the world – and also boasts strong investment and trade ties with a range of key emerging and advanced economies.
Lower oil prices and a rise in domestic demand could fuel a modest rebound for South Africa’s economy in 2015 after power supply and labour disruptions slowed growth last year.
Renamed KwaZulu-Natal (KZN) in 1994 following the merging of Natal province with KwaZulu, KZN is South Africa’s second largest provincial economy, serving as a strategically important base for manufacturing and exports. Also known by its nickname “the garden province”, KZN is a popular domestic tourism destination throughout the year, offering subtropical coastline in...
As one of South Africa’s three main urban centres, Durban plays a central economic and social role in KwaZulu-Natal (KZN). For FY2013, the city posted a GDP growth rate of 2.6%, behind only Johannesburg (2.75%), and well ahead of the national rate of 1.89%. The main sectors contributing to Durban’s economic growth were manufacturing (22%), finance (22%), community...
What do you see as the single biggest challenge facing new investors in KwaZulu-Natal (KZN)?
As one of the most sophisticated African emerging markets, South Africa’s unique combination of highly developed, first-world economic infrastructure and a large emergent market economy has led to a dynamic investment environment. Situated on South Africa’s eastern seaboard is the province of KwaZulu-Natal, which is home to Durban and a strategic port that enjoys direct...
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