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Investment

Stadium big cash cow for Durban

By Nils Fischer

Durban’s Moses Mabhida stadium is making millions of rands a year, thanks to the support of local residents. The stadium’s deficit has fallen from R34-million in 2012 to R13-million as a result. Manager Vusi Mazibuko described the R3.1-billion facility as the only “commercially active” 2010 World Cup stadium, with several …

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#DurbanThrowbackThursday – Moses Mabhida Stadium from Conception to Icon

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Named after stalwart of the armed struggle against apartheid Moses Mncane Mabhida , it is estimated that the creation of the Moses Mabhida Stadium injected some R155-billion directly and indirectly into the Durban region, creating an impressive 14 000 jobs which have positively impacted on low-income households. the stadium cost around R3.4-billion, …

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R1.4 Billion Mall for Ballito

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Ballito on the burgeoning KwaZulu-Natal North Coast is set to get a R1.4 billion regional mall with leading developers and investors, the Menlyn Maine and Flanagan & Gerard consortium, acquiring Ballito Junction Shopping Centre together with the adjacent undeveloped land and development rights. The acquisition of the existing 11000m2 mall …

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Ferrero’s new KZN chocolate plant – first hazelnut factory in Africa

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Ferrero Group’s special advisor Zola Skweyiya says Africa’s first ever hazelnut factory has the potential to create large-scale jobs and boost local exports. In an interview with SAnews, Skweyiya, who is also a former Minister and High Commissioner to the UK, said once Ferrero’s chocolate factory in KwaZulu-Natal starts producing …

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President Zuma to release ocean economy plans in Durban

by Kierran Allen

President Jacob Zuma will release the results of work done to explore the potential of the country’s ocean economy at the first Operation Phakisa open day in Durban on Wednesday. “Operation Phakisa is designed to answer that fundamental question, how do we turn our good plans into action to improve …

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Exploring the Creme de la Creme of Durban – Property Rich

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In this the first of many articles to come, we explore the finest properties on offer from the Umhlanga branch of Engel & Volkers with our new insert called  Property Rich. Durban & surrounds are often overlooked when it comes to luxury homes, but we uncovered some of the best looking luxury …

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Famous Denim Heavyweights G-Star Raw Open Up Shop In Durban

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In a flurry of media attention on Thursday night, this famous brand opened up their first Durban stand-alone menswear store in Gateway Theater of Shopping, Umhlanga.  The event was hosted for all of us “media folk” to get the first peek at their new store and range, featuring a live …

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Dube TradePort IDZ to contribute R5.6bn to SA’s GDP by 2060

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KwaZulu-Natal’s Dube TradePort would contribute R5.6-billion to South Africa’s gross domestic product and create about 150 225 jobs by 2060, President Jacob Zuma told a gathering of public and private sector stakeholders and investors at the formal opening of the industrial development zone (IDZ) on Tuesday. IDZ benefits, which include …

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Dube TradePort gets IDZ status

Government to stall Massmart/Walmart merger

In a latest effort by government to promote industrialisation, the Dube TradePort in Durban will formally become a special economic zone under the new Special Economic Zones Act 16 of 2014. Trade and Industry Minister Rob Davies granted the precinct an Industrial Development Zone (IDZ) operating licence a few months …

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