PRESS RELEASE
For Immediate Attention
19 November 2024
KZN South Coast development pledges towards local investment
On Monday, the developers of the Umdoni Point Coastal Forest Estate in Pennington joined 15 other KZN businesses in pledging to invest a total of R70.8 billion over the next two years at the KwaZulu-Natal Investment Conference in Durban. This significant commitment underscores the real estate investment potential that exists along the KZN South Coast, with developers anticipating a surge of interest in this over-50s lifestyle development.
“It was a pleasure to pledge our support and be involved in the exciting growth of the trade and export industry in KwaZulu-Natal,” commented Kelly Smith, Umdoni Point Estate Manager at the conference conclusion. “This development presents a fantastic opportunity to put the KZN South Coast on the map, showcasing the region’s potential and what we can achieve together.”
Smith said the pledge will not only create numerous job opportunities, but also offer a platform for networking with a wide range of KZN-based companies and delegates: “Being part of this project allows us to shape the future while raising awareness of the incredible opportunities our beautiful country has to offer,” she added.
Umdoni Point Coastal Forest Estate is set on 150 hectares of prime land extending from the ocean, surrounded by indigenous coastal forest home to abundant wildlife, set within the tranquil village of Pennington. With 72% of the estate dedicated to undisturbed natural forests and wetlands, Umdoni Point appeals to investors looking for a peaceful, nature-filled retreat.
Currently in its 4th year of development, Phase 1 has been completed including essential infrastructure and amenities. The estate is now moving forward with Phase 2, with over 800 homes planned over the next 12 to 15 years.
“This long-term development offers significant investment potential, both in residential properties—which promise strong returns through rental income and capital appreciation as the estate grows—and in select commercial opportunities, which can be explored further with the developer. The planned growth ensures steady property value increases, making Umdoni Point an attractive option for long-term investors,” continued Smith.
She says that, to date, 67 sales have been completed at Umdoni Point Coastal Forest Estate, with a diverse mix of investors: “While many buyers are local or from the surrounding area, approximately 30% of the investors are from abroad, highlighting the estate’s appeal to international buyers seeking a prime coastal investment. This blend of local and foreign investors reflects the growing demand for property in this desirable location.”
Representatives from South Coast Tourism and Investment Enterprise (SCTIE) attended the KwaZulu-Natal Investment Conference to highlight the region’s incredible investment potential, such as real estate. Commenting after the event, Dr Vusumuzi Sibiya, CEO of SCTIE, said: “We commend the developers from Umdoni Point Coastal Forest Estate for their commitment to investment within the KZN South Coast, and we are confident this, alongside our many natural attractions, will continue to draw investors looking for quality, affordability, and the in-demand coastal lifestyle. We truly believe that now’s the time to invest in the KZN South Coast!”
Umdoni Point Coastal Forest Estate is one of the many key developments unlocking property potential on the KZN South Coast. It’s joined by Injabulo Lifestyle Estate, Renishaw Coastal Precinct inclusive of Renishaw Hills, Serenity Hills, and Bahari Bay.
Now’s the Time to Invest in KZN South Coast!
The KZN South Coast is well-positioned to leverage investment potential through the Eastern Seaboard Development Initiative with existing investor support provided by Port Shepstone Business Hub and the KZN South Coast’s One-Stop Shop. The KZN South Coast continues to offer unmatched investment opportunities across a range of sectors, among them:
· Agriculture
· Property development
· Manufacturing
· Mining and Beneficiation
· Maritime | Ocean Economy
· Logistics
· Renewable Energy
· Hinterland Sites
SCTIE Investment Details
To find out more about these and more investment opportunities, get in touch with SCTIE, the KZN South Coast’s One-Stop Shop for investment. Contact SCTIE on 039 682 7944, email oss@sctie.co.za or visit www.investkznsouthcoast.co.za.
Keep updated on the KZN South Coast by following the South Coast Tourism and Investment Enterprise – SCTIE page on Facebook; South Coast Tourism and Investment Enterprise on YouTube; @infosouthcoast on Twitter or Instagram; and South Coast Tourism and Investment Enterprise on LinkedIn. Watch why the KZN South Coast is a top investment destination here. Check out the latest Southern Explorer Route Guide for the KZN South Coast here.
Follow the hashtags #visitkznsouthcoast #investkznsouthcoast #sctie #kznsouthcoastfamily #embracesummer #nowsthetime! And click here to check out previous SCTIE press releases.
To purchase goods sold or secure services from Buy Local businesses visit the online directory on the SCTIE website. To make orders from Buy Local members or join the campaign, visit the Buy Local tag at www.investkznsouthcoast.co.za or click here for a membership form.
/ENDS
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(Images: Supplied by SCTIE)
Kelly Smith (Umdoni Point Coastal Forestry Estate Manager) and Dr Vusumuzi Sibiya,
CEO of South Coast Tourism and Investment Enterprise (SCTIE).
Umdoni Point Coastal Forest Estate in Pennington on the KZN South Coast.
Umdoni Point Coastal Forest Estate in Pennington on the KZN South Coast.
Interim Board Chair of TIKZN Khanyisani Ntuli, TIKZN eThekwini Municipality Deputy Mayor Zandile Myeni,
Minister of Trade, Investment and Competition Parks Tau, KZN Premier Thami Ntuli, Economic Development,
Tourism and Environmental Affairs (Edtea) MEC Musa Zondi, and CO-Chair of KZN Growth Coalition Moses Tembe at the
opening of the KwaZulu-Natal Trade and Investment Conference at the Inkosi Albert Luthuli Durban ICC.
(Image credit: TIKZN)
Dr Vusumuzi Sibiya, CEO of South Coast Tourism and Investment Enterprise (SCTIE)
and Ndumiso Mlambo, TIKZN General Manager: KZN One Stop Shop.
Sisanda Nongqunga (SCTIE Tourism Development & Investment Support Intern),
Vanessa Gounden (SCTIE Coordinator: Tourism Marketing) and Zamaswazi Nkomo (SCTIE Marketing Officer).
About South Coast Tourism & Investment Enterprise (SCTIE)
SCTIE was established as the official economic development arm of the KZN South Coast which extends from Scottburgh to Port Edward, and inland to Harding. It is a legal entity of the Ugu District Municipality with executive powers, serving the Ugu District and its family of municipalities. The entity is committed to identifying and unlocking the full tourism and investment potential of this region. SCTIE achieves its mandate of promoting investment through dedicated marketing initiatives, product development, business support and training, dedicated networking events, and breaking down barriers to local investment. From the coast to the hinterland, the KZN South Coast has a wealth of untapped investment potential for those who are looking to branch out into the district and uncover opportunities. The attractive location, subtropical climate, natural assets and accessibility make the KZN South Coast a prime investment destination. By engaging with local and international role players, SCTIE seeks to assist investors looking to uncover hidden gems across various economic sectors, including tourism, agriculture, manufacturing, real estate, logistics and transport, and the ocean economy, among others. For more information, visit www.investkznsouthcoast.co.za.
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
