KZN summits to draw R25-billion over next five years
The KZN provincial government says it's attracted more than a quarter of the country's investmentseminars for the next five years.
Officials say they submitted a portfolio of 25 investment opportunities to the Presidency with 15 being approved and given the go ahead.
An estimated R25-billion is expected to be pumped into the local economy as a result.
During his State of the Nation Address, President Cyril Ramaphosa spoke of the importance of hosting summits and the opportunities they create for international and domestic investment.
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MEC for Economic Development in KZN, Sihle Zikalala says they also help towards addressing unemployment.
"We hosted our own conference where we unveiled a package of 25 investment opportunities which were later submitted to the president. Of 46 investment opportunities presented by the president, 15 of them come from KwaZulu-Natal. These are packaged and are bankable projects with land and feasibility studies having been conducted," Zikalala said.
