Zikalala in Gauteng to woo investors
KwaZulu-Natal Premier Sihle Zikalala is in Gauteng this week in an attempt to woo international diplomats and investors.
The local economy is taking strain due to the recent wave of violence and looting, as well as the ongoing Covid-19 pandemic.
It’s estimated that the civil unrest cost the KwaZulu-Natal economy alone more than R20-billion and has placed more than 150 000 jobs in the province at risk.
The premier plans to draw in more businesses to invest in KZN during a two-day meeting following the recent wave of civil unrest that shook investor confidence.
The July riots left a trail of destruction, including the shutting down of key arterial routes from the ports of Durban and Richards Bay, which had a devastating impact on the provincial economy.
Provincial spokesperson Gugu Sisilana says the premier's mandate is to reassure businesses.
“The premier’s message during the two-day meeting is clear, the security situation has been stabilised and KwaZulu-Natal is ready and open for business.
“Key to the message is beyond the initial period of consolidating safety and security, raising destroyed infrastructure and returning to normality. KwaZulu-Natal is resetting the economy towards greater inclusivity and co-ownership.
“Premier Zikalala said we’ll build on a solid skills base and employment. Our view is that in post-conflict situations, employment is a major factor in achieving short-term stability, socio-economic progress and sustainable peace.”
