R15 Billion ‘Little Ballito’ Development on KwaZulu-Natal South Coast Ramps Up

by Schools4SA

Massive R15 Billion Development Project in KwaZulu-Natal's South Coast

Key Items

• R15 billion Renishaw Coastal Precinct project
• 1,300 hectares with 80% conservation
• Mixed-use development including a shopping centre, hotel, and residential areas
• Presidential recognition and part of Eastern Seaboard Development Initiative
• Local business partnerships and infrastructure investment

JSE listed Crookes Brothers Limited has launched the next phase of its massive R15 billion Renishaw Coastal Precinct Project near Scottburgh on the KwaZulu-Natal South Coast. The project, managed by subsidiary Renishaw Property Developments, covers 1,300 hectares with 80% allocated for conservation. The development aims to establish a 'little Ballito' in the South Coast, complete with a 10,000m² shopping centre, hotel, petrol station, private school, and diverse residential options.

This comprehensive project, which already includes the Renishaw Hills mature lifestyle village, underscores sustainable living and local economic growth, with numerous local businesses engaged. Notably, the precinct has attracted significant investor interest, including from an international group interested in building a hotel and additional recreational facilities.

The initiative aligns with President Cyril Ramaphosa’s calls for increased infrastructure investment and is part of the government's Eastern Seaboard Development Initiative, designed to unlock economic potential in the region. The construction of key facilities like the mall and fuel station is expected to commence in the second quarter of 2025.

By partnering with local enterprises, the development not only promises enhanced local economic activity and job creation but also aims to provide sustainable and self-reliant infrastructure solutions, working closely with municipal authorities to address local capacity constraints.

Renishaw Property Developments, a subsidiary of Crookes Brothers Limited, is spearheading a major development project named Renishaw Coastal Precinct near Scottburgh on KwaZulu-Natal's South Coast. The development spans 1,300 hectares, with 80% designated for conservation. The new phase includes various commercial and residential facilities such as a shopping centre, a hotel, a petrol station, and residential accommodations. The project has received recognition from President Cyril Ramaphosa and aims to boost the local economy and job opportunities.

Main Takeaways

• The development is set to transform the South Coast into a major urban hub.
• A strong emphasis on sustainability with 80% of the land kept for conservation.
• The project includes diverse facilities like shopping centres, housing, and recreational areas.
• Partnerships with local businesses aim to boost local economic growth.
• The project aligns with national infrastructure investment strategies.

Reference:
https://mg.co.za/business/2024-08-08-r15-billion-little-ballito-development-on-kwazulu-natal-south-coast-ramps-up/