1 / 29

THE MSUNDUZI MUNICIPALITY AN ECONOMIC DEVELOPMENT STRATEGY FOR A GROWING CAPITAL CITY

THE MSUNDUZI MUNICIPALITY AN ECONOMIC DEVELOPMENT STRATEGY FOR A GROWING CAPITAL CITY. INTRODUCTION. City has a rapidly growing economy Poverty and unemployment remain key issues Strategy must further develop the economy and generate sufficient employment. MARCH 2000 CONFERENCE.

sromano
Download Presentation

THE MSUNDUZI MUNICIPALITY AN ECONOMIC DEVELOPMENT STRATEGY FOR A GROWING CAPITAL CITY

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. THE MSUNDUZIMUNICIPALITYAN ECONOMIC DEVELOPMENT STRATEGY FORA GROWING CAPITAL CITY

  2. INTRODUCTION • City has a rapidly growing economy • Poverty and unemployment remain key issues • Strategy must further develop the economy and generate sufficient employment THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  3. MARCH 2000 CONFERENCE • First ever investment conference in the city • Potential growth sectors were identified, viz. tourism and aluminium downstreaming • Key properties were put out for development proposals THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  4. HULETT ALUMINIUM THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  5. ALLTUBE FACTORY THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  6. INCENTIVES PACKAGE • City announced a new concessions package • New and expanding business qualified • Concessions were extended to both industrial and commercial activities THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  7. INVESTMENT FACILITATION TEAM • Multi-disciplinary team approach • Team meets twice monthly and deals with concessions applications and development proposals • One-stop facilitation approach has been well received by developers • “The Msunduzi Municipality is the most co-operative, knowledgeable and proactive I have ever dealt with.” Jim McLean, MD Liberty Properties, Developers of the Liberty Midlands Mall. THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  8. TOTAL INVESTMENTS • Since 2000 40 new investments and 40 expansions have received concessions • Total investments exceeds R4 billion • 7000 new jobs created THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  9. FLAGSHIP PROJECTS • Golden Horse Casino and Hotel Complex • Liberty Midlands Mall, regional shopping centre • CBD Extension Node development • Freedom Square Development THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  10. GOLDEN HORSE CASINO AND HOTEL THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  11. REGIONAL SHOPPING CENTRE THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  12. MOTORWORLD CBD EXTENSION NODE THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  13. CAPITAL CITY STATUS • Capital coalition formed to lobby support • City declared the sole capital in April 2004 • Government departments relocated to the city THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  14. PREMIER’S OFFICES THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  15. MOTOR VEHICLE COMPONENTS SECTOR • Currently about 11 companies in the sector • Approximately 40 motor components made in the city THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  16. MOTOR VEHICLE COMPONENTS SECTOR THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  17. BUSINESS CONFIDENCE • At an all time high • Business turnover has doubled since 2003 • Insolvencies have halved • Job creation is steadily increasing • Confidence index is at 85 THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  18. EPI GRAPH THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  19. TOWARDS AN ECONOMIC DEVELOPMENT STRATEGY • Knowledge and Exchange programme comes at an opportune time • Virginia Beach experiences will be valuable • Action Plan identifies actions steps and time frames, and goals THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  20. ACTION STEPS • Appoint a consultant • Hold economic development strategy workshops • Review all studies and plans done to date • Development of the strategy • Obtain council approval as part of the IDP • Develop project implementation timeline THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  21. SHORT TERM GOALS • Staffing to manage development initiatives • Business retention and expansion programme • Development of tourism products THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  22. TOURISM PRODUCTS THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  23. PIETERMARITZBURG RAILWAY STATION THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  24. SHORT TERM GOALS • Increase funding for tourism sector • Creation of industrial sites • Creation of city improvement districts • Implementation of informal and street trading plan • Compilation of an economic data base THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  25. FREEDOM SQUARE THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  26. LONG TERM GOALS • Monitoring the city’s economy and amending the strategy periodically • Investigate the creation of new revenue streams THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  27. PROGRESS MADE TO DATE • 80% of District turnover generated by Msunduzi • District and Msunduzi strategies must be aligned • Agreement reached on a District-wide economic development strategy • Joint funding between Msunduzi and the District • A consultant has been appointed • Project team has been established THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  28. TERMS OF REFERENCE • Phase 1 – information gathering • Phase 11 • Visioning and strategic planning • Processes • Policy Framework THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

  29. CONCLUSION • The strategy will form part of the IDP • Key areas of the strategy should be included as KPI’s in performance agreements • Strategy must: • meet national goals of halving unemployment by 2014 • Contribute positively to the financial viability of the municipality • Yield a globally competitive and job creating economy • Contribute substantially to a better life for ALL the people of Msunduzi THE ECONOMIC DEVELOPMENT & GROWTH STRATEGIC BUSINESS UNIT

More Related