KZN’s R200bn boast for Cyril

The Independent on Saturday - - METRO - ARTHI GOPI arthi.gopi@inl.co.za

KWAZULU-Natal may well im­press Pres­i­dent Cyril Ramaphosa later this month with a so­lu­tion to stim­u­lat­ing growth and cre­at­ing em­ploy­ment – with a R200 bil­lion in­vest­ment plan.

The eco­nomic af­fairs de­part­ment yes­ter­day re­leased a user-friendly hand­book, out­lin­ing 25 projects spread across the province that were ready for in­vest­ment.

The projects will be pre­sented to Ramaphosa later this month when pro­vin­cial heads will meet at his in­vest­ment sum­mit in Joburg. Ramaphosa em­barked on a $100 bil­lion (R1.4 tril­lion) in­vest­ment drive, hop­ing to lure for­eign and lo­cal in­vestors.

KwaZulu-Natal is putting for­ward projects such as the Dur­ban Point Wa­ter­front, Anant Singh’s Film City, sev­eral eco-es­tates and many large man­u­fac­tur­ing busi­nesses on the ta­ble for in­vest­ment.

Phumzile Lan­geni, a mem­ber of Ramaphosa’s spe­cial pres­i­den­tial en­voy on in­vest­ment, said the province’s projects would help achieve the target of at­tract­ing $100bn worth of in­vest­ments in the next five years.

“We com­mend the province for re­spond­ing pos­i­tively to the Pres­i­dent’s call to put more ef­forts in at­tract­ing in­vest­ments to grow the econ­omy and cre­ate jobs,” Lan­geni said.

MEC for Eco­nomic Af­fairs Sihle Zikalala said: “We are ex­cited that the in­vest­ment op­por­tu­ni­ties will cre­ate 800 000 tem­po­rary jobs dur­ing the con­struc­tion and devel­op­ment phase of the projects and a fur­ther 410 000 per­ma­nent jobs in the short to long-term.”

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.