KwaZulu-Natal is South Africa’s second largest provincial economy, contributing on average 16.0% to the country’s GDP. The province is home to two of Africa’s busiest and largest ports, Durban and Richards Bay. It also boasts the third highest export propensity and the second highest level of industrialisation in the country.
Situated on the eastern seaboard of South Africa, the province of KwaZulu-Natal has direct access to both the Indian and Pacific Ocean rims. The region’s strategic geographical position on world trade routes provides effortless access to major global markets, such as South America, Europe and the Far East.
KwaZulu-Natal’s manufacturing sector is the second largest in the country, after Gauteng Province. The manufacturing sector is geared for export, with nearly a third of South Africa’s manufactured exports being produced in KwaZulu-Natal. Its diversified nature is significant in the KwaZulu-Natal’s economic growth rate, and generates 20 percent of provincial employment.