Presidential Council Working Group on Etwatwini Restores Investor Confidence in Durban
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Presidential Council Working Group on Etwatwini Restores Investor Confidence in Durban

President Cyril Ramaphosa stated that the Presidential Council Working Group on Etwatwini (PeWG) is contributing to the restoration of investor confidence in Durban. As part of this work, investment projects valued at over 32 billion rand are being promoted, despite the municipality continuing to face issues with water leaks, infrastructure deficiencies, and security concerns.

This working group was established in April 2024 following meetings between Ramaphosa and the Durban Chamber of Commerce. The goal of these meetings was to address problems related to the decline in service quality in the city, aging infrastructure, reduced tourism, rising crime rates, and the inefficiency of the Port of Durban.

The group comprises representatives from national, provincial, and local governments, the business community, organized labor, and civil society. Their mandate is to coordinate actions aimed at stabilizing municipal services and improving the city's economic prospects.

Ramaphosa presented this initiative as an illustration of the District Development Model (DDM), which aims to enhance alignment among different levels of government and other stakeholders. He emphasized that the work of the Presidential Working Group on Etwatwini is a prime example of this model.

According to Ramaphosa, the working group has helped bring investors back to the city by uniting key participants to solve urban challenges. He noted that since the establishment of the Presidential Working Group on Etwatwini, improvements have been observed, and investments have been attracted. Ramaphosa added that investors have returned to Etwatwini because they see the collaborative effort of various key stakeholders in addressing difficulties.

According to the group's latest report, published in October, catalytic investment projects worth over 32 billion rand were identified. Furthermore, improvements have been noted in the municipality's financial management, governance, and tourism promotion. The municipality and its partners have also developed public-private partnership frameworks, industrial corridor planning, and reforms to unlock development opportunities. It is important to note that this amount refers to projects currently in the promotion stage, not funds already spent or completed works.

The next phase of the group's work is intended to accelerate the implementation of plans and ensure that investment intentions translate into economic activity, job creation, and improved municipal services.

Despite the progress made, water supply remains a serious issue for Etwatwini. The municipality is implementing measures to reduce water losses, including water lost due to leaks and distribution problems, as well as unpaid water. Previously, IOL covered the scale of water losses in the city and the costs associated with leak repairs, pipe replacement, and increasing water capacity.

The working group has identified reducing water losses and securing funding for the Umlazi canal modernization as priorities for the next phase. The city is also working on improving transport and infrastructure, including initiatives to restore rail links and further develop the integrated public transport network, GO!Durban. The municipality reported in October that it had obtained regulatory approvals and completed engagement with 18 taxi associations ahead of the planned launch of the C3 Corridor in December 2026.

Safety is another concern. The working group highlighted ongoing problems in the Phoenix, Inanda, Ntuzuma, and KwaMashu areas, known as PINK zones, and called for further intervention. These difficulties remain critical for the city's economic recovery, as businesses depend on reliable services, functioning transport infrastructure, and a safe operating environment.

Vice President Paul Mashatile received an update on the progress, unresolved issues, and proposed intervention measures during a meeting with the working group at the Durban City Council building on October 23. The meeting reviewed projects where implementation was progressing, where delays persisted, and where additional government intervention was required.

The next phase will focus on accelerating economic development, reducing water losses, promoting railway restoration, and securing funding for the Umlazi canal modernization. Co-chair of the working group, Mike Mabuyakulu, stated that cooperation between the government and social partners is beginning to bear fruit, but he stressed the need to accelerate implementation so that businesses and communities can feel the benefits.

Thus, the success of the working group will depend on whether projects can transition from the planning and commitment stage to actual implementation, demonstrating measurable improvements in services and the local economy.

Ramaphosa stated that this approach extends to other regions of the country, asserting that municipalities can improve through the joint efforts of the government and other stakeholders. He emphasized that this example is applicable nationwide, allowing to 'reposition our metropolises.' Ramaphosa concluded that municipalities can change their standing when key stakeholders work together according to the District Development Model approach. This model aims to improve coordination between national, provincial, and local governments by involving businesses and communities in solving priority development challenges. Ramaphosa cited Etwatwini as an example of what this approach can achieve, noting that 'we have seen great success here.'

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New Indian manufacturers could benefit from the $3 trillion global AI investment cycle
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New Indian manufacturers could benefit from the $3 trillion global AI investment cycle

According to a report by Avendus Capital, India's modern manufacturing sector is poised to gain significant benefits from the global artificial intelligence infrastructure investment cycle, which is estimated at $3 trillion.

The investment bank identified sectors such as aerospace and defense, space technology, robotics and automation, semiconductors, energy transition and advanced materials as those that will drive the next phase of India's industrial growth, opening opportunities for local companies.

The report emphasizes that the period of 2027–2028 is critical for commercialization, as companies transition from receiving policy support and project approvals to actual production.

This potential is driven by increased global investments in AI infrastructure, growing demand for energy infrastructure, and intensifying geopolitical security concerns. India's domestic demand, engineering talent, and regulatory framework can help manufacturers reduce import dependence and form globally competitive opportunities.

Koushik Bhattacharya, Managing Director and Head of Industrial Investment Banking at Avendus Capital, noted that 'the opportunity for modern manufacturing in India is substantial, but its right to win lies in specific segments.'

He added that since more than 80% of the $3 trillion in AI infrastructure investments have not yet been distributed globally, India has a chance to leverage its domestic demand base, engineering capabilities, and policy support.

Among the segments showing significant growth potential are semiconductors and space technology. Semiconductor consumption in India is projected to more than double: from $49.5 billion in 2025 to $106.5 billion by 2030, creating opportunities in chip design, packaging, testing, and specialized materials.

India's space economy is expected to grow more than threefold—from approximately $13 billion in 2025 to $44 billion by 2033. Domestic defense production should reach about $31.6 billion by 2030, while the robotics market could increase almost fourfold, reaching $4.6 billion by 2030, due to wider adoption and import substitution.

Furthermore, the report forecasts a further advancement of the clean energy manufacturing ecosystem in India up the supply chain over the next five years. By the end of the decade, the country could establish an integrated solar energy production chain, covering everything from ingots to modules, as well as gigawatt-hour scale battery cell factories and commercial production of domestic electrolyzer stacks and rare-earth-free motors.

Advanced materials represent another emerging opportunity; growing domestic demand and strong import dependency create room to build local capacity. Recycling is expected to expand first, followed by battery materials, and the production of rare-earth magnets may advance with policy support.

In conclusion, the report notes that the coming years will test India's ability to transform these opportunities into commercially viable manufacturing capacities.

EADB and Partners to Establish Direct Investment Fund for Central Asia and Transcaucasia
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podrobno.uz

EADB and Partners to Establish Direct Investment Fund for Central Asia and Transcaucasia

The Eurasian Development Bank (EDB) intends to form a new direct investment fund with several partners, which will be focused on the countries of Central Asia and the Transcaucasus. The goal of this fund will be to invest in promising enterprises in the region.

According to information provided by the bank's press service, the Central Asia and Transcaucasia Direct Investment Fund (CACPEF) is being formed with the assistance of organizations such as the China Investment Corporation, the Oman Investment Authority, the Uzbekistan Reconstruction and Development Fund, the Turkish fund OYAK, the EDB itself, and Shenwan Hongyuan Securities.

This fund will serve as a platform for consolidating the capital, accumulated experience, and business contacts of institutional investors from China, the Middle East, and Central Asia. Thanks to the fund, regional companies will be able to gain access to the technologies, market resources, and specialized expertise of their partners.

Daniyar Imangaliev, Deputy Chairman of the EDB Board, emphasized that enterprises in Central Asia and the Transcaucasus are in urgent need of long-term financing to scale up their activities and enter new markets. He added that participation in the creation of this fund will ensure the attraction of additional resources to the economies of the participating countries and support the development of local companies.

Furthermore, on Friday, October 23, President of Uzbekistan Shavkat Mirziyoyev held a meeting with Todd Boeli, head of the American investment holding company Eldridge Industries. During this discussion, priority areas for joint cooperation were determined, including mining, metallurgy, construction projects, and the integration of digital solutions into urban infrastructure.

KwaZulu-Natal Province Attracts R124.6 Billion in Investment Promises, Set to Create 330,000 Jobs
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KwaZulu-Natal Province Attracts R124.6 Billion in Investment Promises, Set to Create 330,000 Jobs

A recent investment conference in the province gathered potential investments totaling around R125 billion. It is anticipated that over R42 billion will be directed to the eThekwini municipality.

The conference, held recently at the Durban International Convention Centre (ICC), marked a significant step in the province's efforts to attract capital, stimulate economic growth, and create sustainable jobs for KwaZulu-Natal residents. This event inspired the province to set an ambitious goal of creating one million jobs by 2029, with a large portion of this job creation expected to come from the eThekwini municipality.

The investment commitments were distributed as follows: eThekwini Municipality: R42.838 billion; King Cetshwayo District: R40.391 billion; uMgungundlovu District: R27.2 billion; iLembe District: R4.568 billion; ugu District: R4.127 billion.

The provincial government stated that the investments promised this year are expected to create over 330,000 new jobs. According to the government, this will give new hope to thousands of households and strengthen KwaZulu-Natal's position as a leading destination for investment, industrial development, and economic expansion.

Premier Themba Ntluli noted that the figures presented demonstrate the significant investment potential of eThekwini, King Cetshwayo, and uMgungundlovu. He also highlighted opportunities for expanding economic activity and attracting additional investment to other parts of the province.

Premier Ntluli stated that they continue to accelerate momentum as investment commitments have grown from over R85 billion in 2024 to approximately R101 billion in 2025 and to R124.576 billion in 2026. He added that it is necessary to transform this confidence into real production and employment, as the goal of one million jobs by 2029 requires urgent and targeted action. Premier Ntluli emphasized that they will engage with the private sector and development partners to ensure that investments translate into real opportunities and long-term improvements in people's lives.

Premier Ntluli clarified that the growing investment portfolio of the province is a key element of the Seventh Administration's broader goal of creating at least one million jobs by the end of its term in 2029. He stressed that achieving this goal will require continuous investment, strengthening partnerships with the private sector, expanding existing businesses, supporting small and medium enterprises, and accelerating projects capable of generating jobs on a large scale.

Ntluli emphasized that the R124.576 billion secured at the investment conference brings them closer to this goal. The projected more than 330,000 jobs show the potential of investment to change lives, but the main focus must remain on ensuring that these commitments materialize into actual projects, operating businesses, and sustainable employment.

Ntluli also expressed a desire for the residents of KwaZulu-Natal, especially youth and those excluded from economic opportunities, to benefit tangibly from the province's investments.

Among the announced major projects, 18 identified projects are linked to eThekwini and represent investments of nearly R40 billion. These projects aim to stimulate industrial growth, strengthen local production, and create jobs, with implementation planned over 36 months.

eThekwini City Manager Musa Mbele stated that the investment commitments reflect the effect of the City's continuous efforts to build investor confidence, promote transparent governance, and reduce administrative delays. He noted that these commitments confirm the importance of constant engagement with investors, the City Centre Regeneration Programme, and the City's Economic Development Stimulation Policy in attracting investment, unlocking development opportunities, and creating an environment conducive to business growth and job creation. Mbele concluded that Durban is open to business, and the city remains committed to strengthening infrastructure, removing barriers to investment, and ensuring that these commitments lead to sustainable economic growth and opportunities for residents.

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