12 June 2018
Investor Roadshow to London A Success
EThekwini Mayor Zandile Gumede said the roadshow to London to attract investors to the City was a success with 65 business to business meetings held with investors, financiers and those interested in the region's offerings.
She provided the report back at an Executive Committee meeting held today, 12 June.
Mayor Gumede said while 25 meetings were initially planned, this was increased to 65 to meet the demand.
“I would like to thank the Invest Durban team together with our provincial government and businesses for organising this important mission to London. It was a success as we had fruitful engagements which we believe will have positive results for the people of KwaZulu-Natal and eThekwini,” said Mayor Gumede.
She said those with capital to invest attended the meetings to hear more about Durban and KwaZulu-Natal. They were also informed of the various catalytic projects underway in the City and local businesses as well as the region’s competitive advantages.
Mayor Gumede said among the catalytic projects discussed were the Dube Tradeport which is the province’s flagship infrastructural development; Keystone Park, a logistics, warehousing and light industrial precinct; the Cornubia mixed-use development; Richards Bay Industrial Development Zone, a prime industrial and trade hub; the Beachwood high-security premium residential location and five star resort as well as the Oceans Mall Development and Durban Point Waterfront.
“Sporting business investments were also on offer via Amazulu Football Club, a Premier Soccer League Club based in Durban,” she added.
Moving forward, Mayor Gumede said Invest Durban will be assisting businesses that met with the delegation abroad, as well as other businesses both local and international who did not, with any follow-up information required in the coming weeks.
“This increased bilateral trade and investment will be beneficial to all communities in both the UK and Durban,” she concluded.
A report tabled at an Executive Committee meeting today, 12 June, outlined the memorandum of agreement (MOA) to be signed by the City and the South African Shack Dwellers International Alliance.
The report states that eThekwini Mayor Zandile Gumede will enter into a MOA with four organisations of the South African Shack Dwellers International Alliance which are uTshani Fund, Community Organisation Resource Centre, Federation of the Urban Poor and Informal Settlements Network.
The MOA is aimed at providing a framework of cooperation and facilitate cooperation between the parties to ensure that all parties have access to expertise and agreed resources in areas of common interest based on their organisation priorities and development plan.
The report states that the collaboration between parties will be implemented with a focus on establishing lasting solutions and best practices on programmes associated with informal settlements upgrading with Shack Dwellers International Alliance and eThekwini Municipality.
Deputy City Manager of Human Settlements and Infrastructure Beryl Mphakathi said the Alliance consists of non-profit organisations who work closely with government.
“They are very progressive as they are developmental by nature. This MOA will ensure that we consolidate and have a set of principles we can deliver. We have been working with them for the past 10 years through different partnerships, this serves to consolidate the relationship,” she said.
EThekwini Mayor Zandile Gumede said the MOA will assist the City immensely especially as a result of urbanisation.
“The MOA means that we will all be able to sit around a table with these organisations who will tell us what they want and we will tell them what our plans are. We will then be able to work together. This partnership will ensure service delivery in the City,” said Mayor Gumede.
The objection processing period has been extended to 30 November 2018 following the tabling of a report at an Executive Committee meeting held today, 12 June.
However, homeowners have until 30 June 2018 to object to the valuation of their property.
The report states that according to the Municipality Property Rates Act No of 2004, municipalities are required to revalue properties every four years for rating purposes. EThekwini Municipality advertised the third General Valuation Roll on 9 February 2017 and closed the objections on 16 May 2017.
The Municipality received 9 927 objections. The initial target date for the completion of all objections was 30 June 2018.
The report states that currently 5 208 (which is 52.5 percent) of the objections received have been processed. However, the report notes, the progress has been hampered by a number of competing priorities within the department that requires the target date to be adjusted.
This includes capturing and uploading all objections onto the system, value assist and other system stoppages, continuous market valuation requests by client departments for purchase, sale and lease as well as the proposed valuation of investment properties due by the end of July 2018 among others.
The report notes that there is no financial implications to ratepayers as the effective date for adjustments is 1 July 2017.
Deputy City Manager of Finance Krish Kumar said the level of objections in the City was at two percent, which was good compared to another coastal city in South Africa who had objection levels of 10 percent.
He said that shows that people have confidence in the valuation roll.
Kumar said the last time a major evaluation was undertaken it was done over two years, however this time it was attempted to be done in one year.
He said to ensure that ratepayers are not inconvenienced if they are overcharged, they will be refunded.
“There is a five month time frame with various processes that have to be done. However, the team assures me that they will meet the deadline,” he said.
The eThekwini Municipality has released its second supplementary general valuation roll of 2017 and the 13th general valuation roll of 2012 for inspection. All property owners are encouraged to inspect the rolls and lodge any objections to the supplementary roll if their property appears on it. The supplementary roll is open for inspection and objection until 20 July 2018.
Issued by eThekwini Municipality’s Acting Head of Communications Mandla Nsele.
Please read this confidentiality disclaimer: