The recommendations were considered at the Committee meeting held yesterday, 12 February. The recommendations will now proceed to EXCO and Full Council for final approval.
R570-million investment unlocked through economic incentives
The Committee supported key recommendations under the Economic Development Incentive Policy (EDIP), which positions Durban as a competitive and investor-friendly city.
The EDIP offers targeted property rates rebates that reduce development costs while expanding the Municipal rates base over time.
Priority is given to developments that stimulate economic activity, support spatial regeneration, and enable sustainable job creation.
Two major private-sector projects were considered:
- Cedar Point (Pty) Ltd – A R320-million mixed-use commercial development in the Aerotropolis precinct. The project has already created over 600 temporary and permanent jobs and is strengthening activity in this strategic economic node.
- Estine Development (Pty) Ltd – A R250-million development in Kingsburgh that is expected to create 1 000 construction jobs and sustain 350 permanent jobs once operational. It will provide a secure, modern retail facility for the local community.
Together, the investments represent R570-million injected into Durban’s economy.
Kwamnyandu Urban Hub Precinct plan moves ahead
The Committee considered a report recommending support for the KwaMnyandu Urban Hub Precinct Plan under the Neighbourhood Development Partnership Grant (NDPG), in collaboration with the Programme Coordination Directorate.
The Plan outlines a long-term framework to transform KwaMnyandu into a vibrant, connected, and economically active township hub. It supports the Municipality’s goal of developing self-sustaining, transit-oriented, inclusive urban centres, enhancing uMlazi’s integration into the metro economy.
Projects identified under the precinct are proposed for prioritisation within the NDPG framework to accelerate implementation and unlock local economic opportunities.
Public consultation starts on 2026/27 tariff reviews
The Committee also supported the start of public participation on proposed tariff reviews for the 2026/27 financial year.
These include:
- New tariffs for Agribusiness AgriPark incubators
- Reviews of tariffs for Municipal retail markets
- Tariff adjustments for itinerant traders, street traders, hive sites, and container trading facilities
- Planning tariffs
- Business licensing tariffs.
These reviews aim to ensure financial sustainability, enhance service delivery, and foster a supportive trading environment for both formal businesses and informal traders.
Find out more about Catalytic Projects—planned and in progress—in and around Durban / eThekwini Municipality:
