Durban Archives - New European Economy

Ethekwini Welcomes Re-Opening Of Hilton Hotel Durban

Categories: Durban, In Focus

EThekwini Municipality welcomes the re-opening of Hilton Hotel Durban which will significantly benefit the City’s tourism economy as we mark the start of Tourism Month celebrated annually in September to promote domestic travel.

The hotel’s re-opening will also be adding to the luxury executive accommodation inventory of the City of Durban. EThekwini Mayor Councillor Cyril Xaba said the phased re-opening of the hotel will also strategically amplify the City’s business case when bidding to host national and international conferences.

Durban = Double Digit Growth Opportunities

Categories: Cover Story, Durban, FDI

South Africa is the premium springboard into the African continent, offering a platform into one of the world’s last frontiers of double-digit growth opportunities.

So says Russell Curtis, CEO of Invest Durban. Here is a man with reason to be passionate about the metropolitan region he is tasked with attracting new investment into, alongside retaining and expanding that which is already there.

Durban: Gateway to the World’s Fastest Growing Market

Categories: Cover Story, Durban, FDI

CEO Insight spoke with Russell Curtis, CEO of Invest Durban, which exists to stimulate foreign direct investment across the eThekwini Municipality via its advisory, promotion, facilitation, and aftercare services.

Situated on a natural harbour on South Africa’s east coast, Durban is Sub-Saharan Africa’s largest and busiest shipping terminal, and the country’s third most populous city. It constitutes a key gateway to Africa and the fastest growing market on Earth, set to reach 1.7 billion people by 2030.

Invest in the heart of South Africa, The Free State Province

Categories: Durban, FDI

South Africa on the Global Stage
The International Monetary Fund (IMF) has forecast that South Africa is set to grow by 2.8% in 2013 and 3.3% in 2014. This growth is seen as part of the phenomenal growth projected for Sub-Saharan Africa, set at 5.6% in 2013 and expected to reach 6.1% in 2014.

The main driver of next year’s 6.1% growth in Sub-Saharan Africa, the IMF says, is expected to be the strengthening of activity in South Africa and other middle-income countries, predicated on improvements in the external environment, such as stability in the Euro zone.

INVEST IN THE HEART OF SOUTH AFRICA

Categories: Durban, FDI

South Africa is one of the world’s top business destinations and is supported by well-developed infrastructure. The country, is rated by the World Bank among the top 30 countries for ease of doing business and among the top 10 in the world for investor protection and good fiscal governance.

The Free State Province, one of South Africa’s nine provinces, is centrally situated in the heart of South Africa, borders six of the other provinces and shares a border with the Kingdom of Lesotho.