RB sodturning

From left: Councillor Mduduzi Mhlongo, City of uMhlathuze Mayor; Belinda Scott, MEC for Finance in the Province of KwaZulu-Natal Scott; Sihle Zikalala, MEC for Economic Development, Tourism and Environmental Affairs in the Province of KwaZulu-Natal; Councillor Thembeka Mchunu, Mayor of uThungulu; and Mel Clark, Chairperson of the Richards Bay Industrial Development Zone

The Richards Bay Techno Hub was officially launched at an Innovation Day event today, 22 July 2016. The event was hosted by the the KZN Provincial Treasury in partnership with the Department of Economic Development, Tourism and Environmental Affairs at the Richards Bay Industrial Development Zone (RBIDZ).

The focus and purpose of the project is based on what has been experienced and achieved internationally through the establishment and innovation of technology hubs.

Using foreign examples as "best practice" but with a good understanding of local conditions and opportunities in South Africa, the project will cater for the establishment, financing, designing, initial construction and preparation for the operating of four regional technology hubs in the province.

The four locations are uMsunduzi (at the Pietermaritzburg Airport), Newcastle (at the Newcastle Airport), Richards Bay (at the Richards Bay Industrial Development Zone [RBIDZ] Phase 1A site) and Hibiscus Coast (opposite the Shelly Mall, Shelly Beach).

Funding of R120 million through the General Budget Support Programme has been secured over the Medium Term Expenditure Framework (2015/16 to 2017/18).

The current funding will only support the development of phases 1 at each location, mostly for bulk infrastructure, some top structures to initiate the projects and development facilitation and planning.

RBIDZ entranceThe main entrance to the Richards Bay Industrial Development Zone

Funding applications will continue to be submitted to augment the current funding.

A professional team has been appointed to support the project over the MTEF.

Significant private sector participation is being facilitated for top structure development.

The four "hub hosts" (the three municipalities and the RBIDZ) will own the hubs and will have to put operations and maintenance budgets and plans forward.

Each hub host has put forward an incentive policy for prospective tenants and investors.

Visit Our Other Hubs

port shepstone 200

 

newcastle 200

 

pietermaritzburg 200