ETHEKWINI WELCOMES INVESTMENT PLEDGES
EThekwini Municipality welcomes the R124.58 billion in investment pledges secured at the 2026 KwaZulu-Natal Investment Conference, held alongside South African Automotive Week at the Inkosi Albert Luthuli International Convention Centre from 13 to 16 October.
Of the major projects announced, 18 identifiable projects are linked to eThekwini, representing R38.538 billion in investment. These projects are expected to drive industrial growth, strengthen local manufacturing, and create employment opportunities, with implementation planned within 36 months.
Mayor of eThekwini, Councillor Cyril Xaba, reaffirmed the City’s commitment to attracting investment through infrastructure development and an improved business environment. He highlighted the City’s catalytic developments, valued at R217 billion, including the R25 billion Sibaya Precinct and the R35 billion Durban Bay and Point Waterfront development.
EThekwini City Manager Musa Mbhele said the investment pledges reflected the impact of the City’s ongoing efforts to strengthen investor confidence, promote transparent governance, and reduce administrative delays.
“These commitments reinforce the importance of our continuous investor engagements, Inner City Regeneration programme, and the City’s Economic Development Incentive Policy in attracting investment, unlocking development opportunities, and creating an environment where businesses can grow and create jobs,” said Mbhele.
Participating in a conference panel discussion on logistics, infrastructure, and trade competitiveness, Mbhele emphasised that the City’s priority was to translate investment commitments into tangible economic benefits, including employment, skills development, and opportunities for local businesses.
EThekwini’s strategic location, port infrastructure, and road and rail networks position Durban as a gateway for domestic, continental, and international trade. At Cornubia, investment exceeds R2.1 billion, with approximately 300 construction jobs created and close to 2,000 future jobs anticipated.
“Durban is open for business. We remain committed to strengthening infrastructure, removing barriers to investment, and ensuring that these commitments translate into sustainable economic growth and opportunities for our residents,” concluded Mbhele.
