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Ever since PMB has been confirmed the capital of KZN development has flooded into the city and growth is far outstripping the national average. I therefore thought it was about time this city got more attention, for more often than not it is the forgotten "sleepy hollow" 45min inland from Durban. But with a population of near on 1m, it is grwoing fast and is expected to be declared South Africa's 7th metro within a few years...impressive stuff.

So lets concentrate all dev and pics we can of this city in here.
 

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Largest ever development for Pietermaritzburg

(New Developments) Pietermaritzburg’s re-instatement as the provincial capital coupled with its shortage of affordable and middle-income homes has provided the trigger for the development of a R2 billion eventual small town on a 500 ha site near Ashburton incorporating 4 000 free-standing housing units and a 1 000 unit retirement village

The Pinnacle Point Holdings development, which is in the rezoning process and environment assessment process, was classified by Msunduzi municipality strategic executive manager Rob Haswell this week “as eight times larger than the city’s previous biggest residential development.”

The site on Ashburton’s northern side off the N2 freeway and about 10kms from Pietermaritzburg CBD paves the way for a fast track new suburb that will include schools, shopping centres and green belt. Haswell says the project is especially significant for Pietermaritzburg in that it signals the city becoming a metropolitan area and Ashburton rather than Cato Ridge as the next regional growth point.

He is aware of plans for an industrial area and golf course estate also in Ashburton.

Pinnacle Point development director in Pietermaritzburg, Andrew Cosby, who believes rezoning on the currently vacant agricultural zone land, should be a “virtual formality”, said this week that the developer, Pinnacle Point Development Company, hoped to be on site by September and start construction probably by March or April next year in a price range of R250 000 to R650 000. These will also be offered on an affordable plot and plan basis.

Further phases of the development include an affordable sectional title scheme and
1 000 semi-detached houses aimed at “the young at heart” offering retired people a lock-up and go lifestyle. These will range between 90sqm and 150sqm and priced from R750 000 to R1,5 million.

Pinnacle Point Holdings chairman Ivor Stafford says the development will alleviate the region’s growing demand for affordable and middle income housing generated by the relocation of provincial government departments from Ulundi and the town’s current industrial growth. The retirement village would be geared for people in their fifties and sixties who enjoy active lifestyle.

Haswell says the new development’s focus on Ashburton, which has been stimulated by the freeway access to the city, emphasises Pietermaritzburg’s rise in metropolitan status to the point that it has now outgrown its previous boundaries. He sees Ashburton emulating the city’s commuter roles now served by Hilton and Howick.
He also dismisses the popular view of Cato Ridge becoming the “Midrand” between Durban and Pietermaritzburg, believing that few developers are likely to leapfrog to Cato Ridge over the current development opportunities that still exist closer to the two cities especially in view of their accessibility to services and infrastructure.

The development and its spin-offs of many thousands of jobs and eventual substantial rates contribution are seen as a significant coup for Pietermaritzburg’s proactive investment facilitation team. Haswell says its policy of cutting through bureaucratic red tape and facilitating developments “has attracted developments it never dreamt of some years ago.”

Although their first large-scale development in KZN, Pinnacle Point have masterminded developments in the Western Cape, Free State and Eastern Cape. These include Pinnacle Point Beach and Golf Resort in Mossel Bay, Clarens Golf and Trout Estate in Clarens, Wesselheim Lifestyle Estate in Bethlehem, Wedgewood Country Estate in Port Elizabeth and Romansbaai Beach and Fynbos Estate near Gansbaai.
 

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Arent they going to change the city's name? 'Pietermaritz' sounds so plaas and urggh..!
And pleease, to an english name to give it an international appeal. I hate the tongue twisting, indigenous names given to prominent cities nowadays.

pictures welcome...
 
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Isn't it the same city in which Mahatma Ganghi was thrown out from the train station and he had to spend the night at the train station?
That moment forged his political and moral conviction so this city also has a historical legacy in humanity and the non-violent movement.
Good luck
 

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yes its the same city and has a fantastic Ghandi statue in the town centre
 

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Great idea to start a PMB thread. I'm going up there later this week so will get some pics of what's happening.

Here's the first bit of an article from yesterday's Business Report (need to log in for the rest of it).

Pietermaritzburg is booming, bullish
Pietermaritzburg is growing by leaps and bounds, with economic activity increasing by 40 percent during the last two quarters of 2005 and business confidence rising from 81 index points in 2004 to 85 index points in 2005. Business confidence is measured on an index from 0 to 100.
 

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Pietermaritzburg CBD

 

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Discussion Starter #12
Yeh i'm also heading to pmb soon, so will get some great shots too!

This city is growing phenominally, and since it has been proclaimed capital, gdp growth has averaged 7% per annum! thats off the chart for an SA city...obviously excluding Richards Bay who are in a world of there own, but not a proper city in my mind, rather an industrial centre.

Yeh they are in the final stages of developing the detailed plan for the waterfront development that will total R3,5 billion in investment over 10 years. It is the biggest project in the history of PMB!

More to come!
 

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Discussion Starter #13
Greg...seems like pmb is sticking with the boom times. You said u saw many new dev's in town. do you know what they are?
 

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You must have searched hard to find this thread again!

Unfortunately I don't know too much about the developments in Pmb - I usually just see them when I'm driving through on business. But I'll take a camera next time and try get some shots and info.
 

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^^ Thanx buddy. Would be nice to see....i went driving thru the cbd last weekend and it was looking good. the new provincial library was superb with its glass and steel next to the victorian buildings. sadly i didnt have my camera with me. so ur pics wld be appreciated.
 

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Discussion Starter #16
Specialist banking group wants to tap the benefits of economic growth in the KwaZulu-Natal Midlands

Investec will head for Pietermaritzburg
November 8, 2006

By Tonny Mafu

Johannesburg - Specialist banking group Investec, which is listed in London and Johannesburg, said yesterday that it would be opening a private bank office in Pietermaritzburg to tap the benefits of economic growth in the KwaZulu-Natal Midlands.

The Investec Private Bank regional manager in KwaZulu-Natal, Colin Franks, said the bank had realised that Pietermaritzburg had grown, and could be used as a point of leverage into the Midlands.

Franks said the bank would offer the full range of private banking services. These will include retail treasury services, property financing and development, transactional banking, advisory stockbroking and wealth management services for wealthy individuals.

Franks said the bank would focus on growing its client base, which was currently at 1 000, and would cement the relationships it had with these clients.

Meanwhile, BoE Private Clients said it would expand its Pietermaritzburg office in order to provide additional services to its clients in the area. The private client wealth manager said it would double its staff complement to enable it to provide new private banking and transactional banking services.

Brett Lambert, the head of BoE Private Clients in KwaZulu-Natal, said there had been significant growth in terms of commercial development and wealth creation in the Midlands in the past four years.



He added that this had led to an increase in the number of clients and BoE had to increase its staff to cater for the needs of the expanded client base.

Lambert said that since 2002 the region had experienced significant growth in property developments. He added that although BoE had always had a presence in the region, it had downscaled its operations eight years ago after a property slump hit the area. The recent boom in the property and benign equity markets had a positive wealth effect on the region.

The region had a big population of retired people, whose wealth had been enhanced by high property prices and strong equity markets.

Lambert said while in the past there was a concern that the younger individuals in the region would leave the area, the good education system available had meant that many of them had stayed. The benign economic conditions had increased the need for lending and investment services.

When asked whether the presence of BoE would provide competition, Franks said that while there would be areas in which the two institutions could compete, they largely offered different services.
 

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Discussion Starter #17
Other good news for the region.

In todays Network there was an article stating that a seat manufacturing plant will be established in pmb to produce the stadium seats for all the 2010 WC venues. It is a $20m venture between Chinese and KZN stakeholders. They are also chasing contracts in the US and the rest of Africa.
 

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Nice pic of the Pmb CBD in todays Mercury...



Pic by Shelley Kjonstad
 
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