TIKZN’s Sakhile Mpungose on investment opportunities in KwaZulu-Natal

Trade and Investment KwaZulu-Natal (TIKZN) is on a mission to develop the province as a leading exporter and transform its economy through identifying and capitalizing on various opportunities. Board Member Sakhile Mpungose recently sat down for an exclusive interview with CNBC Africa's reporter Kopano Gumbi at the Youth Business Indaba in Durban to discuss the investment landscape in the region. Mpungose highlighted the challenges faced by KwaZulu-Natal, particularly in areas like healthcare, education, and the economy. He emphasized the need to convert these challenges into opportunities for growth and development. By leveraging trade and investment as key drivers, the province aims to stimulate economic activity, create job opportunities, and enhance the overall well-being of its residents. One of the primary sectors TIKZN is focusing on is manufacturing. Despite recent setbacks in the industry and the broader economy, Mpungose stressed the importance of revitalizing manufacturing as a cornerstone of economic growth. He underscored the role of manufacturing in absorbing low-skilled workers and driving mass production within the economy. Mpungose acknowledged the global challenges impacting manufacturing but remained optimistic about the sector's potential to unlock economic value. He pointed to the need for innovative solutions and strategies to address the underlying issues and create a conducive environment for growth. In addition to revitalizing key sectors like manufacturing, TIKZN is also prioritizing the inclusion of young entrepreneurs in economic benefits and skills development. Mpungose highlighted the importance of beneficiation and ensuring that the youth are actively engaged in the economic transformation process. Implementing policies and translating identified opportunities into actionable plans remain a central focus for TIKZN. Mpungose emphasized the need for dedicated efforts from all stakeholders, including government, businesses, and community members, to drive implementation effectively. He outlined the importance of developing robust frameworks, setting clear timeframes, and establishing monitoring and evaluation mechanisms to track progress and ensure accountability. As Mpungose wrapped up the interview, he reiterated the significance of tackling the implementation challenge in South Africa's policy landscape. He emphasized the need for cohesive strategies and tools to ensure that policies translate into tangible outcomes that benefit the province and its residents. Overall, TIKZN's commitment to unlocking economic opportunities, fostering growth, and prioritizing sustainable development in KwaZulu-Natal showcases a proactive approach to addressing challenges and building a resilient economy for the future.