Africa’s emerging coatings markets is well-established and South Africa is among the largest and most influential of these markets. Producing around 324,000 litres of paint per year, with a value of approximately $947 million, the country’s thriving paint industry is home to around 320 coatings manufacturers and is dominated by the decorative paint segment, although it is also an attractive market for the automotive and architectural coatings industries.
A new smart city will be constructed in Lanseria, with room for between 350,000 to 500,000 people. The project is set to create 50,000 residential units and approximately 5M square metres of commercial floor space. The city will not only be smart and 5G network ready but will be a leading benchmark for green infrastructure across the continent and internationally. Investment in the Western Development Corridor is estimated at more than R25bn.
Another part of the Gauteng Provincial Government’s revitalisation plan is its Eastern Development Corridor, which will unlock more than R200bn of investment. Central to these plans is the construction of the new OR University of Science and Innovation, which will be inaugurated by 2030. Plans for this region also include the expansion of the OR Tambo International airport; a new industrial development zone for jewellery manufacturing; private sector developments; and a rail manufacturing hub in Nigel.
Work on this mega project is due to commence in 2021 and be completed around 2047 and will support cruise tourism, light boat building and maritime education. The transformation of the port will include the expansion of cargo handling services and growth in the ship repair industry, potentially turning the port into a marine engineering hub. The port will also have a maritime museum, retail stores, restaurants, offices, a passenger terminal and bunkering for small vessels, as well as an international convention centre.
Work on this mega project is due to commence in 2021 and be completed around 2047 and will support cruise tourism, light boat building and maritime education. The transformation of the port will include the expansion of cargo handling services and growth in the ship repair industry, potentially turning the port into a marine engineering hub. The port will also have a maritime museum, retail stores, restaurants, offices, a passenger terminal and bunkering for small vessels, as well as an international convention centre.
Situated 7km from King Shaka International Airport, the Greater Cornubia project is already under development and on completion will include 25,000 houses, as well as industrial and commercial properties. The Cornubia development covers 1200 hectares, was officially launched in 2011 and will have cost around R25bn upon completion. Cornubia is being developed with a focus on sustainability and has been declared a national priority project.
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