PRESS RELEASE
For Immediate Attention
09 November 2022
Key opportunities unlocked on the KZN South Coast for local and international investors
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.
To find out more about KZN South Coast’s many tourism and investment opportunities, contact 039 682 7944, email info@sctie.co.za or visit www.investkznsouthcoast.co.za.
To access previous SCTIE press releases, visit https://www.visitkznsouthcoast.co.za/category/press-release/.
/ENDS
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(Images: Supplied by SCTIE)
The KZN South Coast, which extends from Scottburgh to Port Edward and inland to Harding, is ideally located in terms of access to key national economic hubs while also offering international access. Along the N2 the region is connected to nearby Durban and King Shaka International Airport, with the newly renovated Margate Airport providing further investment opportunities.
The region is well known for its timber production, with several plantations around the Harding area inland. The dominant species are pine, eucalyptus and wattle, although the KZN South Coast has recently seen a boom in the moringa and tea tree industry the past few years.
In addition to John Mason Park, other developments such as Renishaw Coastal Precinct and Serenity Hills are offering great potential for investment, particularly with the area’s subtropical climate, fantastic swimming beaches, laidback lifestyle, and cost-effective market.
(Pictured: Renishaw Hills)
Timber farming is well-established around the Harding and Braemer area, with further growth anticipated in this sector.
The past few years have seen the introduction of macadamia nut farming in the region, offering highly attractive investment opportunities for this almost insatiable global demand.
About KZN South Coast
Known as the ‘Paradise of the Zulu Kingdom’, the KZN South Coast stretches 120 kilometres from Scottburgh to Port Edward and inland to Harding. Here, the spirit of adventure can be discovered among the many cultural experiences, as well as the 35 nature trails and 58 beaches, ideal for activities like river rafting, abseiling, suspension bridges, paintball, surfing, SUP, canoeing, beach horse rides, shark cage diving and free diving. Nicknamed ‘The Golf Coast’, there are 11 golf courses on the KZN South Coast ranging in difficulty, with endless hiking, mountain biking and 4×4 trails for more rugged excursions. Promoting sustainability, the KZN South Coast has a growing agri-tourism sector that offers world-class produce and hosts tours and excursions. The region boasts a number of permanently managed Blue Flag beaches, and is home to some of the world’s top diving sites, Aliwal Shoal and Protea Banks. The originality continues with the annual Sardine Run, coined the #GreatestShoalonEarth, which is the largest biomass migration on earth and a marvel to witness. The region’s many nature reserves are inhabited by indigenous bird and wildlife, and it holds the title for ‘smallest desert on earth’, The Red Desert in Port Edward. The KZN South Coast is a fast-emerging MICE destination which also plays host to a number of high-profile events including the The Bike Fest, Uvukile Gospel Festival, Ugu Jazz, Ugu Film Festival and the South Coast Fever MTB & Trail Run Series.
Issued on behalf of:
South Coast Tourism and Investment Enterprise (SCTIE)
Disseminated by:
Olivia Jones Communications
For more information please contact:
Olivia Jones Communications
Cell: 083 653 1720
Email: media@oliviajones.co.za
