The Eastern Cape is one of South Africa's favourite tourism destinations and, as such, is an attractive destination for visitors and investors alike. Offering the combination of developed tourism services and untouched natural beauty, the region is rightly one of South Africa's tourism gems.
The ECDC, as a development finance institution, facilitates investment by funding at a sub-prime rate (2% or 3% depending on associated risk), assisting with land rezoning, providing easy access to incentives, conducting environmental impact assessments and providing extensive aftercare assistance to established investors.
Investment opportunities currently being facilitated by ECDC
Port St John’s airstrip, Wild Coast
An investor is needed to develop an airstrip that will ferry tourists across the Umzimvubu River from one of the mountains to the other. The development also includes the building of a number of lodges and hotels to accommodate tourists as well as a restaurant.
Target market: Middle and up-market
Total Capital: €29.17 million (R388-million)
Project Needs:
• International investors to partner with
• Engineering expertise
For more information on the Port St John’s airstrip opportunity contact the Eastern Cape Development Corporation:
Contact: Lucky Tshayivithi
Tel: +27 43 704 5618
Email: ltshayivithi@ecdc.co.za
Nelson Mandela Bay Hospitality Development Programme
An opportunity exists to develop municipal land for the development of hotels and lodges in the inner city. A number of portions of the land located along the beach front are currently under Transnet and are suitable for tourism development
Target market: Middle and up-market
Total Capital: €2.92 million (R39-million)
Project Needs:
• Funding, partnerships
• Infrastructure development
• Road upgrading
For more information on the Nelson Mandela Bay Hospitality Development contact the Eastern Cape Development Corporation:
Contact: Lucky Tshayivithi
Tel: +27 43 704 5618
Email: ltshayivithi@ecdc.co.za
Coffee Bay / Hole in the Wall, Wild Coast
Investors are being sought for an opportunity to develop a 4ha hotel and chalet development on the Eastern Cape’s beautiful Wild Coast. The development includes accommodation, conference facilities, as well as camping and hiking activities.
Target market: Middle and up-market
Total Capital: €1.25 million (R16-million)
Project Needs:
• Joint Venture with communities and private investors
• Require further infrastructure development
For more information on the Coffee Bay / Hole in the Wall opportunity contact the Eastern Cape Development Corporation:
Contact: Lucky Tshayivithi
Tel: +27 43 704 5618
Email: ltshayivithi@ecdc.co.za
