FOR IMMEDIATE RELEASE
 
23 OCTOBER 2017
 
EThekwini Calls For Nominations to Serve on External Investment Partnership Forum Board
 
In a bid to promote Durban as a premier investment destination both locally and abroad, eThekwini Municipality is calling for nominations from senior executive members to serve on a newly established investment forum known as Team Durban.
 
The forum, which will consist of very experienced specialists from key business, labour, academic & civic sectors, will be responsible for advising and supporting strategies to increase foreign direct investment, thus helping to ensure Durban remains globally competitive. It will also specifically include existing foreign investors already operating in Durban.
 
Relevant sector Executives are encouraged to apply as the closing date for nominations is 31 October.
 
The composition of Team Durban seeks to be diverse in both gender and race group, ensuring the forum is ideally representative of all who invest in Durban. It is for this reason that eThekwini Municipality is calling for nominations from respected senior candidates in the various sectors to serve on Team Durban.
 
The ideal candidates should possess one or more of the following criteria:
 
•A significant business investor (entrepreneur or corporate executive) who has personally worked on multiple fixed capital investment projects for a minimum of 15 years at a senior executive or business owner level.
•A senior executive at a JSE listed company with a significant Durban-based business.
•A senior executive at an existing large multinational business with significant Durban-based operations.
•A private business owner with a minimum of 15 years running their own business(es) and possesses a demonstrated track record of industry body membership or leadership.
•A senior member/executive who is formally nominated by a recognized, registered labour federation body (and where the member/executive has a minimum of 10 years’ service at a senior level)
•A senior member/executive who is formally nominated by a recognized, registered civil society body (and where the member/ executive has a minimum of 10 years’ service at a senior level).
•A senior academic/university executive, who is formally nominated by a recognised, registered large tertiary institution (and where the academic/executive has a minimum of 10 years’ service at senior levels)
 
Interested parties can hand deliver or email their curriculum vitae and an accompanying cover letter listing the criteria they meet to the office below:
 
The Office of the Deputy City Manager Economic Development & Planning Cluster, eThekwini Municipality
Attention: Russell Curtis / Vynessa Naicker
The Platform, Lion Match Business Park,
892 Umgeni Road, Durban
 
The City recently approved the Durban Investment Promotion Strategy which aims to facilitate sustainable investment in Durban through expansion, retention and aftercare of the existing multi-national investors. It also proactively targets significant new foreign direct investment via a sector-focussed strategy. The elevated Unit responsible for this is now known as “Invest Durban”.
 
The establishment of this Unit and the Team Durban forum will ensure that these strategies, aimed to better position the City as an investment destination, are implemented. The Team Durban forum will also provide an advisory role and support City leadership with investment promotion related development policies, strategies and optimal practices for the City.
 
EThekwini Mayor Zandile Gumede said these formations a strategic intervention by City leadership to identify investments gaps and create ways of accelerating more direct investments into the City. “It will help us to be better informed and mobilised into a multi-disciplinary partnership with senior Stakeholders to facilitate increased investment. This includes advising on the necessary resources, programmes, skills and other inputs to enhance the state of our economy,” said Mayor Gumede.
 
“This Team Durban advisory forum will also help to broaden linkages for existing local businesses with new economic and trading partners abroad. It will assist local companies to access the value-chains of large foreign investors active in our City,” she said.
 
Mayor Gumede added that the City leadership implemented Team Durban as a way of improving the investment environment, deepening the partnership with key Stakeholders, accelerating economic transformation, and introducing greater numbers of new foreign Investors. This will then pay significant socio economic and fiscal benefits to all in Durban.
 
For more information and enquiries contact Russell Curtis or Vynessa Naicker on 031 311 4227 or 031 311 4133 respectively. The closing date for nominations is 31 October 2017.
 
ENDS
 
Issued by eThekwini Municipality’s Head of Communications, Tozi Mthethwa.
 
 
 
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