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ECONOMIC DEVELOPMENT & JOB CREATION STRATEGY DURBAN @ WORK

ECONOMIC DEVELOPMENT & JOB CREATION STRATEGY DURBAN @ WORK. NOV 27. PRESENTED BY DR. AJIV MAHARAJ. NATIONAL NDP, NGP, IPAP, SONA, BUDGET SPEECH, INFRASTRUCTURE, SECTOR SPECIFIC (SEZ BILL, SECTOR PLANS). POLICY ALIGNMENT. PROVINCIAL PDGS/P, PSEDS, SOPA, INDUSTRIAL, EXPORT,

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ECONOMIC DEVELOPMENT & JOB CREATION STRATEGY DURBAN @ WORK

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  1. ECONOMIC DEVELOPMENT & JOB CREATION STRATEGY DURBAN @ WORK NOV 27 PRESENTED BY DR. AJIV MAHARAJ

  2. NATIONAL NDP, NGP, IPAP, SONA, BUDGET SPEECH, INFRASTRUCTURE, SECTOR SPECIFIC (SEZ BILL, SECTOR PLANS) POLICY ALIGNMENT PROVINCIAL PDGS/P, PSEDS, SOPA, INDUSTRIAL, EXPORT, COGTA URBAN DEVELOPMENT FRAMEWORK, etc LOCAL LTDF, IDP, SECTOR PLANS 2

  3. GLOBAL TRIPLE CHALLENGE YOUTH SKILLS RECESSION INVESTMENT PATTERNS ROLE OF ETHEKWINI AFRICA PROVINCIAL NATIONAL SLOW GROWTH OF PRODUCTIVE SECTORS PRODUCTIVITY EMERGING MARKETS SADC REGIONAL APPROACH ENTREPRENEURSHIP APARTHEID CITIES INFRASTRUCTURE LOGISTICS COSTS CONTEXT 3

  4. Decision Making Insular Approach Cost of Doing Business Infrastructure Limitations CHALLENGES Government Finances Growth in Fixed Investments Income & Consumption Low Levels of Trade & Production Growth of Labour Force SMME Development 4

  5. DEPENDING HOW WE RESPOND3 SCENARIOS EMERGE 5

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  7. Africa’s Most Liveable Southern Gateway Destination to Trade Travel VISION OUTCOMES MISSION Capitalising on the role of the port, international airport and potentially modern rail, road and ICT connectivity and infrastructure Promoting the city as the centre for trade between African and the world • Reduced Unemployment • Reduced income and spatial inequality and poverty • Creating Sustainable Economic Growth and Development • Becoming a Global Metropolis over the next 20 years Make a step change in approach of economic leadership in delivering catalytic growth initiatives and quality job creation efforts that address poverty, income inequality and unemployment Africa’s Most Liveable Southern Gateway Destination to Trade Travel Emphasising the potential of the City as the best location for manufacturing activity Developing the lifestyle aspect of the area for its residents and tourism potential 7

  8. High investment in infrastructure to unlock growth High investment in skills towards gearing of forthcoming phase • Unblocking key developments • Packaging of land in inner city • Implement industrial park projects • Township projects • Innovation centre and technology park developed • Trade centre under construction • Improved investment environment for large and small firms • DTP SEZ becomes operational and some growth around DTP • Large investments in bulk infrastructure • groundwork geared to unlocking N3 corridor in future phase • Nodal developments and IRPTN • Special focus on youth, social economy and micro LED • Transformation • SMME drive • Key locations along N3 unlocked and growth happens in Durban –Pmb Corridor • Further growth around DTP • Infrastructure to unlock growth • Phase 1 DIA Dig-out • Construction of freight route • unlocking land along freight route • Development of Logistics hubs begin • Industrial renewal work in SDB • SMME drive • Last industrial areas unlocked • Integration along Durban – Pmb and Durban – iLembe corridors • Promote Development along freight route • Commercial and residential densification • High growth in services sectors (Logistics services; professional services; finance; ICT; Tourism) • Regional integration/ City region • Green economy becomes major sector • purely competitiveness & innovation focus on manufacturing • Densification GROWTH TRAJECTORYPER 5 YEAR PHASE 2013-2018 2018-2023 2023-2028 2028-2033 Manufacturing sectors; innovation (and ICT); Logistics, Tourism Logistics; Manufacturing, Green Economy; Construction, Tourism Logistics; Manufacturing, ICT, Tourism, Green Economy Logistics, Tourism, Green Economy, ICT, Finance & Trade 8

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  10. NEW CATALYTIC PROJECTS EXISTING CATALYTIC PROJECTS REGIONAL AND COMMUNITY PROJECTS Bulk Infrastructure to unlock development in the north (greater DTP) Unlock key Private Developments Inner City Revitalisation Center for Innovation Support N3 Corridor (Hammarsdale, Cato Ridge World Trade Centre Automotive Park Re-focus Nodal Programme Dig Out Port Re-focus Township Programme Back of Port Renewal KEY PROJECTS Re-focus Tourism Programme Freight Plan & Route Industrial Renewal IRPTN Nodal Development Industrial Sector Projects Re-Focus Rural Nodal Programme 10

  11. Employment: 5 400 Annual Rates: R70m Employment: 8 900 Annual Rates: R378m Employment: 9 000 Annual Rates: R133m R15bn – R20bn Total Anticipated Investment Durban Investment Dashboard November 2013

  12. INSTITUTIONAL AREAS FOR FOCUS 12

  13. SUSTAINED GROWTH OF 4% TO 7% P.A. Partnerships with Industry and Leadership by Council INSTITUTIONAL AREAS FOR FOCUS ADDITIONAL 23 000 JOBS ANNUALLY JOBS GROWTH REDUCE GINI FROM 0,62 TO 5,8 BY 2018 INEQUALITY 13

  14. WAY FORWARD DEVELOP A 5 YEAR ECONOMIC PLAN TO LINK TO IDP REVIEW IMPLEMENTATION MECHANISMS TO IMPLEMENT THE STRATEGY INCLUDING SPVS MONITORING AND EVALUATION 14

  15. THANK YOU For your attention! DURBAN @ WORK

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