The massive infrastructure upgrades underway in South Africa – amounting to some R445 billion in 2024, according to Nedbank, with a staggering R322.2 billion earmarked for public infrastructure projects in 2025. This construction boom is extending to the retail and hospitality industries, with areas such as the KZN Mid-South Coast seeing a series of recent upgrades and additions.
“The economic reawakening of the KZN Mid-South Coast is being felt throughout the area, with a number of key upgrades and developments over the past few years,” noted Barto van der Merwe, MD of Renishaw Coastal Precinct, the 1 300-hectare, mixed-use precinct located near Scottburgh. “This is significant from a timing perspective as the semigration trend has seen people looking for coastal properties, with the KZN Mid-South Coast offering a comparatively affordable investment with a subtropical climate and holiday lifestyle.”
Read The Full Article On African Business Quarterly