The KwaZulu-Natal South Coast has been chosen as one of four provincial sites for the establishment of a technological hub – a development investment for the fourth industrial revolution (4IR).
The Port Shepstone Techno Hub promises unlimited opportunities for keen investors.
Run by the provincial government in partnership with Ray Nkonyeni Local Municipality, the hub is set to stimulate the region’s economy by providing a collaborative space for investors and entrepreneurs. This will also form part of the Eastern Seaboard Development Initiative which aims to unlock the economic potential of the region within the Eastern Cape and KZN – with the South Coast falling within this framework.
“We are proud that the South Coast has been chosen as one of the key locations for the development of a techno hub, a development investment that will undoubtedly benefit the youth,” commented Phelisa Mangcu, CEO of South Coast Tourism andInvestment Enterprise (SCTIE).
“The location of Port Shepstone is particularly well chosen. As the business and administration hub of the KZN South Coast, there is now even more reason for individuals and organisations to consider setting up shop here. There are great things in store for this region!”
The 20-hectare gated location for the hub consists of five land-use zones, including light industrial/commercial, techno hub/hotel/conference centre, mixed-use commercial, and mixed-use residential. The project is currently in Phase 1 which includes the completion of the fencing and an administrative building including three training rooms and a boardroom. The site has received much investor interest such as the Radisson Hotel Group with the American multi-national hospitality company already committing to the hub.
Ray Nkonyeni Local Municipality is sharing some key areas of investment opportunities including: Business innovation programmes, film and media innovations, leisure and entertainment facilities, information, communication, and technology, tourism and the ocean economy, energy innovation and water technology
The hub will also provide valuable insight that will be used to benefit other sectors on the South Coast, among them manufacturing, renewable energy, logistics, and the agri-business industry. There is also value add in terms of attracting a younger workforce looking to explore, practice, and test innovative ideas that could benefit the region and country.
“This is not solely about job creation, but about creating a productive space for entrepreneurial thinkers to get together and collaborate on ground-breaking ideas and projects,” continued Mangcu.
“The hub has the potential to drive socio-economic development, increase competitiveness, and grow the area in line with the fourth industrial revolution.”
SCTIE has partnered with Trade and Investment KwaZulu-Natal (TIKZN) to establish a One Stop Shop office on the South Coast. This aims to improve the efficiency of doing business, ensuring investors have access to municipal incentives in the district.
To find out more contact SCTIE on 039 682 7944, email info@sctie.co.za or visit www.investkznsouthcoast.co.za.
HAVE YOUR SAY
Like the South Coast Herald’s Facebook page, follow us on Twitter and Instagram
