Economy
Durban is a rapidly growing urban area and is by most measures the busiest port in Africa. A good railway network links the city to other areas of Southern Africa. Sugar refining is Durban's main industry. Sheep, cattle, dairy, citrus fruits, corn, sorghum, cotton, bananas, and pineapples are also raised. There is an embryonic KwaZulu-Natal wine industry. Other industries (located mainly in and around Durban) include textile, clothing, chemicals, rubber, fertiliser, paper, vehicle assembly and food-processing plants, tanneries, and oil refineries. There are large aluminium-smelting plants at Richards Bay, on the north coast.
To the north, Newcastle is the province's industrial powerhouse, with Mittal Steel South Africa (previously ISPAT/ISCOR) and the Karbochem synthetic rubber plant dominating the economy. In 2002, Newcastle became the largest producer of chrome chemicals in Africa with the completion of a chrome-chemical plant, a joint-venture project between Karbochem and German manufacturing giant Bayer. Other large operations include a diamond-cutting works, various heavy engineering concerns, the Natal Portland Cement (NPC) slagment cement factory, and the Newcastle Cogeneration Plant (old Ingagane Power Station). This was recommissioned as Africa's first gas-fired power station by Independent Power Southern Africa (IPSA), and it supplies the Karbochem Plant with electricity. The textile industry is a major employer in the Newcastle area, with over 100 factories belonging to ethnic Taiwanese and Chinese industrialists. Maize, livestock and dairy farmers operate on the outskirts of the city. Coal is also mined in the Newcastle area. The province as a whole produces considerable amounts of coal (especially coke) and timber.
Offshore mining of heavy minerals and precious metals including rutile, ilmenite, zircon and iron ore are threatening the marine ecology of KwaZulu-Natal's coast, including the Tugela Banks; the fishing economy of the prawn and nurse fisheries are also threatened.
About 86% of the population is Black African. During apartheid, a large percentage of native blacks was forced to live in Bantu homelands (Bantustans), which had a subsistence economy based on cattle raising and corn growing.
Ecology tourism is increasingly important to the economy of KwaZulu-Natal. The area's rich biodiversity and efforts at conservation have been recognised. Tourists have come to see the iSimangaliso Wetland Park and the uKhahlamba Drakensberg Park, declared UNESCO World Heritage Sites. These two major parks and that of Ndumo have wetlands of international importance listed as RAMSAR sites for conservation. Tourists pay up to $10,000 for safaris on which they might see lions, elephants and giraffes. Others come to hike in the mountains or explore the wetlands with guides.
The Ingonyama Trust owns 32% of all the land in KwaZulu-Natal.
Read more about this topic: KwaZulu-Natal
Famous quotes containing the word economy:
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—Ralph Waldo Emerson (1803–1882)
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—Ralph Waldo Emerson (1803–1882)
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—Alexander Herzen (1812–1870)