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

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Presentation on theme: "ECONOMIC DEVELOPMENT & JOB CREATION STRATEGY WORK NOV 27 PRESENTED BY DR. AJIV MAHARAJ."— Presentation transcript:

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

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

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

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

5 5 DEPENDING HOW WE RESPOND3 SCENARIOS EMERGE

6 6 KEY AREAFLOATCHOKEFLYSTEP CHANGE Strategic Investment Strategic decisions made operationally – “why should this not happen” approach Driven by external forces Strategic decisions made strategically – Forum to resolve issues and look at how can the right investments be made possible Operational to strategic ‘Can’t do’- to – ‘can do’ DEVELOP ONE CITY PLAN Infrastructure Address social backlogs. Lack of funding for economic infrastructure No expansion, protect areas against development. Long-term phasing for infrastructure. Sweat existing assets only Fixing problems PPPs for infrastructure provision. Expand base & sweat infrastructure. New areas for expansion and develop regional approach e.g. SEZ. Infrastructure driving decision/strategic priorities- to –strategic decisions driving infrastructure priorities. Work through partnerships. Economic Leadership Uncertainty, delay in making decisions Decisions to contain investments. Economic mandate gets sidetracked onto social and environmental issues Well informed decision-making; city leadership is in touch with business & thinkers and is responsive to challenges. From uncertainty – to politicians well informed and driving policy in partnership with officials & stakeholders. Strategic Planning Insular focused and constrained Insular and infrastructure constrained Regional and ambitious; pro- growth and job creation Insular and constrained to regional approach and solutions driven.

7 7 VISION Africa’s Most Liveable Southern Gateway Destination to Trade Travel 1.Reduced Unemployment 2.Reduced income and spatial inequality and poverty 3.Creating Sustainable Economic Growth and Development 4.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 OUTCOMESMISSION Promoting the city as the centre for trade between African and the world Capitalising on the role of the port, international airport and potentially modern rail, road and ICT connectivity and infrastructure 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 Africa’s Most Liveable Southern Gateway Destination to Trade Travel

8 8 GROWTH TRAJECTO RY PER 5 YEAR PHASE 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 Densificatio n 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 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

9 9

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

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

12 12 INSTITUTIONAL AREAS FOR FOCUS

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

14 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

15 THANK YOU For your attention! WORK


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