ETHEKWINI DISTRICT DEVELOPMENT MODEL UNLOCKS BILLIONS IN INVESTMENT
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A high-level delegation, led by eThekwini Mayor Councillor Cyril Xaba, visited several catalytic project sites in the city in early February.
The aim of the oversight visit was to address challenges related to regulatory approvals, bulk infrastructure provision, and the funding of key catalytic projects.
Mayor Xaba, who is the chairperson of the eThekwini District Development Model (DDM) Political Hub was joined by the eThekwini DDM Champion and Deputy Minister of Forestry, Fisheries and Environment Narend Singh.
Both leaders expressed satisfaction with the progress of key catalytic sites that are set to redefine the City’s economic landscape.
Key project milestones include:
• The Giba Business Estate: This R1.2 billion investment is moving at full steam. The Municipality has already injected over R100 million into critical road infrastructure, which is scheduled for completion within the next two months.
• Isibaya Precinct Development: Developed by DEVMCO, this mixed-use hub is nearing the finish line. After 10 years in development, it is set for a grand opening later this year. The precinct will feature an International Convention Centre, a 4 000-seater Playhouse, and a 200-bed facility.
Positive updates were also provided for the Avoca Node, Cato Ridge Node, and the Malaba Canal Project.
Mike Mabuyakhulu, co-chairperson of the eThekwini Presidential Working Group, stressed the importance of immediate intervention to secure R21 billion in total investment.
"The goal is to ensure the work of the Presidential Working Group is seamlessly integrated into the DDM framework. This ensures sustainability so that even as the Presidential Working Group phases out, the momentum of these projects continues uninterrupted," said Mabuyakhulu.
Deputy Minister Singh echoed these sentiments, praising the "hands-on" approach of the current leadership.
"We are seeing a truly collaborative effort from government to create a conducive environment for investors. Today’s site visits proved that progress is happening on the ground, not just on paper,” he added.
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