Economy
The Richards Bay Coal Terminal is the largest coal export facility in the world with a planned capacity of 91 million tons per year by the first half of 2009. In 2007 annual throughput was 66.12 million tons.
Two aluminium smelters, Hillside Aluminum and Bayside Aluminium are operated by BHP Billiton. A fertiliser plant operated by Foskor has been erected at the harbour. Iron ore, rutile (titanium oxide) and zircon are mined from the sand dunes close to the lagoon by Richards Bay Minerals. Local exports include coal, aluminium, titanium and other heavy minerals, granite, ferrochrome, paper pulp, woodchips and phosphoric acid. Richards Bay is alongside with Rustenberg, South Africa's fastest developing city. It is a fast growing industrial centre that has been able to maintain its ecological diversity.
However, like most of South Africa, the Richards Bay area is plagued by unemployment and poverty. Unemployment has been estimated at forty percent and an undefined number of people live below the poverty line. The local government have made efforts to implement projects aimed at poverty reduction.
The "John Ross Parkway" (P496) which links Richards Bay to Empangeni and the N2 highway is named after "John Ross" (real name, Charles Rawden Maclean), who at the age of 15 walked from Port Natal to Maputo and back to procure medicine and supplies for the early settlers.
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—Henry David Thoreau (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
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“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)