Ugu South Coast Development Agency Ugu South Coast Development Agency

KZN Province

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KwaZulu-Natal Province, South Africa

KwaZulu-Natal is South Africa’s second largest economy, contributing on average 16.4% (1995-2008) to the country’s GDP. The province is strategically positioned by being home to two of Africa’s busiest and largest ports, Durban and Richards Bay. It also boasts the third highest export propensity and the second highest level of Industrialisation in the country.

South Africa is one of the world’s top business destinations and is strongly supported by well developed infrastructure, equipped with every convenience and delivers high levels of service expected by the business world.

South Africa is rated among the top 10 in the world in the category of investor protection and good fiscal governance. The World Bank has rated South Africa among the top 35 countries for ease of doing business. South Africa is also regarded as one of the least costly areas in which to establish a business (Doing Business Report 2012).

 

Location

KwaZulu-Natal is a major role player in both the manufacturing and transport and logistics sectors in South Africa, and is a premier domestic and international tourist destination. With two of Africa’s busiest ports and world-class road and rail infrastructure, KwaZulu-Natal enjoys the strategic and competitive advantage of being a global gateway for trade into Southern Africa and to the world. Its strategic location and highly developed industrial sector ensure a competitive edge for both local and foreign investors and unique advantages for local exports.
Investment in KwaZulu-Natal continues to emerge as a major contributor to South Africa’s growing economy and its favourable business environment has made the province a sound investment destination for investors from around the world.
Situated on the eastern seaboard of South Africa, KwaZulu-Natal has direct access to both the Indian and Pacific Ocean rims. The region’s strategic geographical position on world trade routes provides effortless access to major global markets, such as South America, Europe and the Far East.

 

Economic Overview

The province of KwaZulu-Natal is South Africa’s second largest economy, contributing 15.8% (2010) to the country’s economy and is deemed to be one of South Africa’s leading economic and business hubs. According to Statistics South Africa’s 2011 mid-year population estimates, the province of KwaZulu-Natal is the second most populous province following the Gauteng Province.

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