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Old May 10th, 2011, 12:01 PM   #1
dysan1
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R600m Nonoti River Mouth Resort - Hotel - Zinkwazi

IDC to invest R600m in new beach resort on Nonoti River
EDWARD WEST
Published: 2011/05/10 07:07:45 AM


THE Industrial Development Corporation (IDC) is to invest R600m in a new beach resort at the Nonoti River mouth in iLembe district north of Durban, it said yesterday.

Christine Engelbrecht, head of the IDC’s tourism business unit, said the Nonoti project was one of three key projects the IDC was tackling in line with its current strategy to improve the spread of tourism businesses particularly in Limpopo, Mpumalanga, the Eastern Cape and poor rural areas in other provinces.

Tourism is one of the priority sectors identified in the government’s New Growth Path economic plan and the IDC invested R249m in tourism projects in the last financial year, creating 944 jobs. iLembe’s coastline includes Ballito Bay, which is claimed to be one of the fastest- growing areas in SA following the opening last year of the nearby King Shaka airport.

Ms Engelbrecht said the tourism industry would take time to recover from the turmoil in financial markets, major hotel groups were consolidating and an oversupply of rooms meant no new major developments in SA’s city centres were likely at present. "If we are going to attract visitors we need to increase the product offering," she said.

Other tourism projects the IDC is funding include a R40m kite-surfing facility in Langebaan in the Western Cape and an extreme sport facility being planned with the Northern Cape provincial government.

The IDC’s tourism unit has an exposure of about R3bn involving 96 clients. It mainly provides loan financing, but also occasionally takes equity stakes in some of the projects it finances. The state-funded development finance institution finances many tourism-related activities but not stand-alone restaurants, casinos and property development in the purest sense.

Ms Engelbrecht said the IDC was focusing on underdeveloped parts of SA, the rest of the continent and niche tourism sectors. The IDC was also looking at tourism businesses in townships, developments on community land such as the iLembe project, and other broad-based black empowerment initiatives.



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Old June 20th, 2011, 07:24 PM   #2
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Old May 17th, 2012, 05:01 AM   #3
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According to newspaper reports this is underconstruction??

Business Live - 14 May

She said the Industrial Development Corporation was investing in underdeveloped infrastructure in local tourism nodes. One of its projects is a beach resort, in Ilembe district in KwaZulu-Natal, which is under construction and will offer a four-star hotel with 250 rooms, as well as self-catering units.

http://www.businesslive.co.za/southa...comeback-trail
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Old May 17th, 2012, 05:02 AM   #4
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All i can find image wise is on this website...

http://www.ramgoolamgroup.com/projec...i-beach-reosrt
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Old May 17th, 2012, 09:44 PM   #5
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Wow! Two high end resorts (one medical) at two river mouths on the North Coast.
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Old May 18th, 2012, 07:47 AM   #6
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two?
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Old May 18th, 2012, 02:55 PM   #7
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Yes, two (you posted this one a few days ago)....

Quote:
Originally Posted by dysan1 View Post


tukela livon

Located on the Tugela River with both river and sea views, design work is complete on a revolutionary health care facility which combines medical treatment and tourism. The design emphasis is on creating a luxurious resort atmosphere including expansive water features, natural materials and private courtyards.

location: North Coast, kzn
building area: 8 000sqm
Architects: EPA
Operator Hotel: Three Cities
Operator Medical: Netcare
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Old May 18th, 2012, 03:04 PM   #8
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Nonoti "Not" under construction

Quote:
Originally Posted by dysan1 View Post
According to newspaper reports this is underconstruction??

Business Live - 14 May

She said the Industrial Development Corporation was investing in underdeveloped infrastructure in local tourism nodes. One of its projects is a beach resort, in Ilembe district in KwaZulu-Natal, which is under construction and will offer a four-star hotel with 250 rooms, as well as self-catering units.

http://www.businesslive.co.za/southa...comeback-trail
Thami Twala, Senior Project Manager at the IDC says this statement will have to be retracted by the paper. They are in early development phase only with no consultants appointed as yet.
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Old May 19th, 2012, 09:24 AM   #9
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cool
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Old November 1st, 2013, 08:53 AM   #10
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More recent renders of this one



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