To position Durban as an attractive City to live, work and attract more investment, eThekwini Mayor Zandile Gumede, recently hosted the sod turning ceremony for the R300 beachfront promenade extension development.

The promenade extension is a catalyst to the R35 billion Point Waterfront development to be undertaken in
three phases over five to ten years. This promenade extension will unlock phase one of the Point Waterfront that will include a hotel, shopping centre, offices and residential.

The entire Point Waterfront project, which is a public and private partnership venture, is expected to create 11 000 jobs during the construction phase per annum and provide an estimated 6750 permanent jobs after completion.

Mayor Gumede said, “It is encouraging to note the growing interest from the business sector to work with government in major strategic investments.”