President Cyril Ramaphosa recently congratulated Sam Wenger, Serenity Hills Development Director for the eco-estate’s investment contribution to the South Coast and the country.
Serenity Hills eco-estate located in Margate was recently recognised by Ramaphosa along with Renishaw Hills for their investment pledges at the fifth SA Investment Conference (SAIC) held at the Sandton Convention Centre on Thursday, April 13.
Ramaphosa congratulated Wenger on stage.
Serenity Hills is a 120-hectare eco-estate offering residents secure living within an exquisite coastal forest. The focus is on sustainability alongside modern amenities with community inclusivity at its heart.
Speaking at the event, Wenger said: “We at Serenity Hills are extremely proud of our achievement and the chance to meet the honourable President Ramaphosa at his fifth SA investment conference. We are still overwhelmed and thankful that our hard work is recognised nationally and internationally. I had a chance for a quick chat with him on the stage and feel honoured for his support. After some negative news for KZN in the past years, we are thrilled to bring growth and positive change, as we believe in KZN and South Africa. Serenity Hills has already sold 50% of the available units, having only launched last year, which shows the massive demand for such a development and the region’s investment potential,” said Wenger.
Also, Barto van der Merwe, Managing Director of Renishaw Coastal Precinct, was congratulated on stage by Ramaphosa at the event.
The precinct is a 25-hectare mature lifestyle village which forms the first development within 1 300-ha Renishaw Coastal Precinct, with R500m spent to date, and an estimated R15 billion upon completion.
Van Der Merwe said: “It is an absolute honour to be recognised by the President for our ground-breaking Renishaw Coastal Precinct that seeks to ignite the region’s economic potential. We have already witnessed the incredible potential of this precinct through the success of Renishaw Hills, with house prices escalating by 50% in just five years. This aims to be a self-sustaining precinct in terms of facilities and utilities, with economic stimulus for surrounding communities as the development unfolds.”
Meanwhile, the CEO of South Coast Tourism and Investment Enterprise (SCTIE), Phelisa Mangcu, said they would like to congratulate Serenity Hills and Renishaw Coastal Precinct on the well-deserved acknowledgement for growing the local economy and supporting surrounding communities.
“We would also like to thank Trade and Investment KwaZulu-Natal (TIKZN) for its support, as nothing can be achieved without these positive collaborations. The KZN South Coast has so much to offer, and it’s wonderful to have an opportunity to showcase these assets to the nation, and to the world,” she said.
President Ramaphosa initiated the SAIC in 2018 as a way to secure domestic and inbound investment of R1.2 trillion over five years, with the 2023 event making the final leg of this investment drive. The annual SAIC attracts delegates from around South Africa and across the globe.
Speaking at the event, Ramaphosa said: “With the achievement of our R1.2 trillion target today, we now cast our collective eyes to the horizon.
With your support, with your investment, we can realise more growth, offer more opportunities and create even more jobs. As we work with dedication and focus to overcome our immediate challenges, let us not lose sight of the incredible promise of our country, South Africa.”
He further welcomed a number of investment pledges across various sectors that are making an enormous contribution to the country’s investment.
“These new investments significantly contribute to government’s national goals of socio-economic development to create sustainable jobs, reduce poverty, and drive back inequality. These investments have also contributed to a substantial increase in local production and encouraged efforts to buy local,” he said.
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